STANFORD – The recent controversy over errors in a 2010 paper by the economists Carmen Reinhart and Kenneth Rogoff is a sad commentary on th…
DAKAR – In recent years, China and Africa have formed one of the modern era’s most successful economic and trade partnerships. China benefit…
LONDON – The doctrine of imposing present pain for future benefit has a long history – stretching all the way back to Adam Smith and his pra…
CAMBRIDGE – Several of my Harvard University colleagues have recently been casualties in the crossfire between fiscal “austerians” and fisca…
MILAN – In a recent set of studies, Carmen Reinhart and Kenneth Rogoff used a vast array of historical data to show that the accumulation of…
BOSTON – If we want to understand what drove the Boston Marathon bombing suspects, Tamerlan and Dzhokhar Tsarnaev, to terrorism, the answer …
ISTANBUL – A simplistic (actually, naive) view of markets is that they exist almost in a “state of nature,” and that the best of all worlds …
PARIS – “If the law supposes that,” says Mr. Bumble in Oliver Twist, “the law is a ass – a idiot.” For decades, Britain’s libel laws had bee…
LONDON – Since the 1970’s, economists have warned that a monetary union could not be sustained without a fiscal union. But the eurozone’s le…
BRUSSELS – The most visible symptom of the crisis in the eurozone has been the high and variable risk premiums that its peripheral countries…