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Culture and Society
Growth and Development
Thomas I. Palley is a fellow of the New America Foundation.
WASHINGTON, DC – Over the last several weeks, the dollar’s depreciation against the euro and yen has grabbed global attention. In a normal w…
WASHINGTON, DC – President Barack Obama’s nomination of Ben Bernanke to a second term as Chairman of the United States Federal Reserve repre…
WASHINGTON, DC – The financial crisis that began in 2007 has been persistently marked by muddled thinking and haphazard policymaking. Now, t…
WASHINGTON, DC – Central banks around the world have finally reacted to the global financial crisis by engineering a coordinated half-point …
WASHINTGTON, DC – Until a few weeks ago, while oil prices were surging, debate raged about the relative roles of economic fundamentals and s…
WASHINGTON, DC – Over the past eighteen months, oil prices have more than doubled, inflicting huge costs on the global economy. Strong globa…
WASHINGTON, DC -- A second big American interest-rate cut in a fortnight, alongside an economic stimulus plan that united Republican…
For 25 years, the so-called “Washington Consensus” – comprising measures aimed at expanding the role of markets and constraining the role of…
WASHINGTON, DC: There is an old saying that goes, “If you have only a hammer, everything looks like a nail.” Nowhere is this clearer than in…
Over the past several years, much attention has focused on the role of China’s trade surplus in creating today’s global financial imbalances…
The contention that there is only one economics but there are many recipes for development success can be used not only to debunk Washington Consensus but also the demise of Communism in the 1980s w…