CAMBRIDGE – It seems that austerity is out of fashion in the eurozone – at least for the moment. The European Commission has given Spain, Fr…

CAMBRIDGE – When the stakes are high, it is no surprise that battling political opponents use whatever support they can garner from economis…

CAMBRIDGE – In 2001, Goldman Sachs’ Jim O’Neill famously coined the term BRIC to characterize the world’s four largest developing economies …

CAMBRIDGE – Nothing endangers globalization more than the yawning governance gap – the dangerous disparity between the national scope of pol…

CAMBRIDGE – There was a time when we economists steered clear of politics. We viewed our job as describing how market economies work, when t…

CAMBRIDGE – The history of economics is largely a struggle between two opposing schools of thought, “liberalism” and “mercantilism.” Economi…

CAMBRIDGE – It’s official. The International Monetary Fund has put its stamp of approval on capital controls, thereby legitimizing the use o…

CAMBRIDGE – With its presidential election over, the United States can finally take a breather from campaign politics, at least for a while.…

CAMBRIDGE – In the French parliament’s recent debate on Europe’s new fiscal treaty, the country’s Socialist government vehemently denied tha…

CAMBRIDGE – In 2000, 189 countries collectively adopted the United Nations Millennium Declaration, which evolved into a set of concrete targ…

CAMBRIDGE – A year ago, economic analysts were giddy with optimism about the prospects for economic growth in the developing world. In contr…

CAMBRIDGE – The world economy faces considerable uncertainty in the short term. Will the eurozone manage to sort out its problems and avert …

CAMBRIDGE – Consider the following scenario. After a victory by the left-wing Syriza party, Greece’s new government announces that it wants …

CAMBRIDGE – Jim Yong Kim’s appointment as World Bank president may have been predictable, given the long-standing tradition that renders the…

CAMBRIDGE – The most widely held theory of politics is also the simplest: the powerful get what they want. Financial regulation is driven by…

CAMBRIDGE – I was recently invited by two Harvard colleagues to make a guest appearance in their course on globalization. “I have to tell yo…

CAMBRIDGE – One of our era’s foundational myths is that globalization has condemned the nation-state to irrelevance. The revolution in trans…

CAMBRIDGE – The world economy is entering a new phase, in which achieving global cooperation will become increasingly difficult. The United …

CAMBRIDGE – Early last month, a group of students staged a walkout in Harvard’s popular introductory economics course, Economics 10, taught …

CAMBRIDGE – When questioned recently about a constitutional law professor who was arrested for lecturing at an institute run by the country’…

CAMBRIDGE – As if the economic ramifications of a full-blown Greek default were not terrifying enough, the political consequences could be f…

CAMBRIDGE – Next year will mark the 100th anniversary of Milton Friedman’s birth. Friedman was one of the twentieth century’s leading econom…

CAMBRIDGE – Greedy banks, bad economic ideas, incompetent politicians: there is no shortage of culprits for the economic crisis in which ric…

CAMBRIDGE – We may live in a post-industrial age, in which information technologies, biotech, and high-value services have become drivers of…

CAMBRIDGE – Perhaps for the first time in modern history, the future of the global economy lies in the hands of poor countries. The United S…