|Filed Under:||Business & Finance / Economics|
|Posts on Regator:||2651|
|Posts / Week:||6.1|
|Archived Since:||June 7, 2008|
I HAVE not yet had an opportunity to read Sebastian Mallaby’s new biography of Alan Greenspan (pictured), The Man Who Knew. I have heard great things about it; you can read Martin Wolf’s review of the book in The Economist here.
PUNDITS, journalists, campaign hands and others spend an awesome amount of time during election season trying to work out what factors will swing the vote one way or another. Could it be a candidate's likeability? Differences in policy? Her ad strategy? His habit of insulting large swathes of the electorate?
IT IS an accepted fact that Ukraine suffers from a high level of "capital flight". The term refers to a process by which people pull money out of a country and buy foreign assets instead. Ukraine is highly corrupt. If you make money in Ukraine, you often want to get it out of there, lest someone else steal it from you.
IT HAS been a long time since the economy really worked well for most American workers. Those without a college degree have found themselves losing relative economic ground since the early 1980s, and nearly all workers have had a rough time of things—facing stagnant pay, for example—since the beginning of this century.
RARELY do people compare the British pound to the Nigerian naira, Azerbaijani manat or Malawian kwacha. But these are special times. Following the Brexit vote, dumped sterling. Some are worried about the possibility of a "hard" Brexit. Others are simply baffled by the government's xenophobic and divisive rhetoric.
Patrick Foulis joins host Simon Long to take a look at the financial gymnastics keeping Elon Musk's business empire afloat. Also: the shadow economies that need a fuse of transparency and private equity's socialist secret
IN THE pantheon of economic clichés, the concept of “short-term pain for long-term gain” is surely a contender for top spot. It is trotted out again and again when discussing why Country X must undertake such and such difficult reforms to reap untold benefits down the road.
HERE is a funny little story about the history of economics. John Maynard Keynes called his landmark economics text "The General Theory of Employment, Interest and Money". The "general theory" in the title was doing double duty.
IT WAS just a few months into the presidency of Barack Obama that America crept out of the Great Recession and into the current expansion. With just three months to go in his second term, Mr Obama seems likely to pass that expansion on to his successor.
SUPPOSE that you and I are interested in opening a lemonade stand together. We agree that I will bring the materials we need (cups, stand and so forth) while you will make the lemonade. I’ll do the pouring while you mind the cashbox and at the end we will split the proceeds fairly. A doubt niggles, though.
THESE are exciting times for Britain’s currency, and not in a good way. On the eve of the vote on whether to leave the European Union, back in June, a pound bought you $1.48. Sterling has since declined by more than 16% against the dollar, to $1.22.
Adrian Wooldridge, our Schumpeter columnist, discusses the perils of global mega-companies. In an era where more firms are dying than are being born, are giant incumbents stifling competition? Also on the show: why African cities disappoint when it comes to living standards, and Venezuela's multinational nightmare. Andrew Palmer hosts.
Our Asia economics editor gives us his report on the G20 summit and why leaders pushed Theresa May for a 'soft' Brexit. Alexandra Suich, our US technology editor, discusses Uber's plans to transform the world of personal transport. And our Schumpeter columnist tells us why companies should cherish introverts.
THE headline on this piece overpromises. I don't know how exactly to flip a low-trust society to a high-trust state. No one does, sadly. The question is one of the most important in economics, however. Poor societies are mostly poor because of a lack of trust.
LARRY SUMMERS is right; this year's Fed symposium in Jackson Hole was triply disappointing. In the weeks before the gathering, members of the Federal Open Market Committee (FOMC) publicly discussed their worries that the current monetary framework might leave the Fed unable to deal adequately with future slowdowns.