Many emerging markets emulated their developed peers this year with bond-buying programmes that successfully tamped down borrowing costs, yet unease is also stirring about the possible hit to hard-won monetary…
GEORGE Akerlof won the Nobel Prize in economics in 2001. His paper, The Market for Lemons, is a seminal work in the discipline. He wrote it in 1967 as a…
Today’s declining US capitalism can no longer repeat its previous bland celebrations of private enterprises and free markets. Too much is going wrong, provoking criticism, and deepening divisions across US…
The United States’ recent wars in Afghanistan and Iraq were neither necessary nor successful in military terms. They did enable massive government spending and justified rising “defense” outlays in federal…
One foundational myth of global capitalism is that private entrepreneurship is the only effective source of innovation and progress. But Big Pharma has long demonstrated this is not necessarily so.…
There is a growing awareness in the rich world that most of the benefits of technology and globalization flow to people who own investible capital and to the well-educated, while…
It’s always amazing how the stock market pulls big surprises on those who should know better. The momentous rise in share prices in the Shanghai stock exchange from mid-2014 to…
Swept along by super-easy money, investors have debated for years how world markets will react when this central bank largesse inevitably ends. Now the liquidity tide is about to turn,…
For decades, many Latin America's oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies. They…
The PTI-led coalition government that came to power about 17 months ago promising change (Tabdeli) has so far followed almost the same failed economic model that the successive governments, both…
