Merger mania may excite senior managers and speculators but it isn’t good news for firms or the economy in the long run. This conflict between individual and collective good is as old as economics itself.
GDP is an arbitrary and abstract measure of economic performance, which reflects nothing about most people’s lives. But it’s ideology that determines which economic indicators we’re told to pay attention to.
Critics should give Thomas Piketty a break – and use the time to read the book.
Is France going into a deflationary spiral? Some economists — a minority, admittedly, but a growing one — […]
This graph from Monday’s Guardian tells you most of what you need to know about the housing crisis […]
Osborne’s recovery is just like Darling’s – only slower, weaker and later. George Osborne’s crowing over the economic […]
The left needs to dispel Europe’s political depression before it can tackle the economic gloom. Europe seems to […]
‘You can’t always get what you want,’ sang Mick Jagger in 1969. ‘But if you try sometimes, well […]
Baudelaire’s despair at the bulldozing of la vieille Paris is an example of the ambiguous attitude of artists towards economic change. Destruction isn’t always creative.
Battered by the economic crises of the 1920s and and 30s, European politicians clung to the gold standard because it was the only thing they knew. Today’s European leaders are in the same position, trapped inside a similar orthodoxy.