Long before Donald Trump’s “Liberation Day” announcement, the United States had toyed with imposing high tariffs throughout its history, with inconclusive — and sometimes catastrophic — results. “We have a…
For someone who has forever been sceptical about the capacity of economics, as a subject, to be of any use in the real world, and the ability of economists to…
It is widely believed that a deep knowledge of the past is the key to understanding the present. Perhaps this is the reason that the history of scientific ideas is…
The question as to who should be appointed as central bank governor is not as straightforward and simple as some have argued recently (For instance, Dr Muhammad Yaqub's article titled…
In the course of the last month or so I have seen a number of economists on the media and I am afraid they do not have the foggiest idea…
Ireland's bailout exit this weekend is not only of huge importance to the country itself, but also to the rest of the eurozone - the Emerald Isle has been held…
Pakistan is in the throes of a serious dilemma inasmuch as the functional aspects of the economy are not working. This happens when the fundamentals are not sound. The structural…
A large majority of economists in Pakistan are completely irrelevant to issues related to Pakistan’s economy. This is not to deny that they are exceedingly well-trained or well-qualified. They have…
Pakistan is what it is but it has been made much worse by borrowed fashionable development suggested by donors-governments or by their surrogate organisations. The measuring of incomes and poverty…
KARACHI: The official statistics reflect the state of the formal economy, it does not gauge the potential of the informal economy, which according to some independent estimates, is equal to…
