Friday, October 9, 2015
  1. Why Support the TPP?

    Jeffrey Frankel

    Why Support the TPP?


     argues that critics of the Trans-Pacific Partnership should read the text with an open mind.

    Anti-TPP demonstration. Paul Allen/Flickr

    Agreement among negotiators from 12 Pacific Rim countries on the Trans-Pacific Partnership represents a triumph over long odds. And now critics of the TPP’s ratification, particularly in the US, should read the agreement with an open mind. READ MORE

  2. The Bezzle Years

    John Kay

    The Bezzle Years


     explains why it is so difficult for investors to buck an unsustainable price boom.

    Abstract image of urban skyline in an orb.

    In any case of embezzlement, there is a period when the embezzler has his gain and the victim feels no loss – a period of increased psychic wealth that John Kenneth Galbraith called "the bezzle." That is also the story of recent asset-price bubbles, until the bezzle turned into a bummer. READ MORE

  3. A New Vision for the World Bank

    Nancy Birdsall

    A New Vision for the World Bank


     believes that three key shifts would adapt the institution to twenty-first-century problems.

    World Bank Group President Jim Young Kim World Bank Photo Collection/Flickr

    Holding this year's World Bank meetings in Peru, a developing country, represents a welcome shift from the usual Washington, DC venue. One hopes that it portends other necessary shifts, with the Bank reframing its mission and undertaking new tasks – and with its biggest shareholder, the US, rethinking its role. READ MORE

  4. Why Finance Can Save the Planet

    Jean Pisani-Ferry

    Why Finance Can Save the Planet


     advocates spending to avert climate change now and figuring out how to pay for it later.

    Coin under flame.

    Most people hate finance, viewing it as the epitome of irresponsibility and greed. But, even after causing a once-in-a-century recession and unemployment for millions, finance looks indispensable for preventing an even worse catastrophe: climate change. READ MORE

  5. The Decadence of the People’s Car

    Harold James

    The Decadence of the People’s Car


     compares the Volkswagen scandal with those that have eroded the financial industry's credibility.

    Volkswagen logo.

    The Volkswagen scandal is a useful reminder that corporate wrongdoing is not confined to the banking industry, and that merely levying fines or ramping up regulation is unlikely to solve the problem. Indeed, it is one of the iron laws of corporate physics: Every regulation elicits a proportionate effort to circumvent it. READ MORE


246 pages
246 pages

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