ECONOMIC HISTORY
Capitalism Then and Now
Harold James
Is globalization reversible? Do currencies rise and fall like empires? How does culture influence economic development and performance? Is “authoritarian capitalism” in China and Russia viable? Can international institutions like the IMF really shape the world economy? Is globalization reversible? Do currencies rise and fall like empires? How does culture influence economic development and performance? Is “authoritarian capitalism” in China and Russia viable? Can international institutions like the IMF really shape the world economy?
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Schadenfreude Capitalism
Harold James Series: Capitalism Then and Now 2012-01-04The protracted financial and economic crisis discredited first the American model of capitalism, then the European version, and now could undermine the Asian approach, too. Coming after the failure of state socialism, does this mean that there is no correct way of organizing an economy?... read Comments: 7 Recommended: 0 Read: 24469
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The British “Non”
Harold James Series: Capitalism Then and Now 2011-12-11At the just-concluded EU summit, British Prime Minister David Cameron vented decades of accumulated resentment stemming from his country’s relationship with Europe. It wasn't the first time a UK leader has adopted a stance of heroic resistance to Europe – only to be remembered as irrelevant and discredited.... read Comments: 3 Recommended: 0 Read: 17802
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The Poetry of the Euro
Harold James Series: Capitalism Then and Now 2011-12-05
The euro was not just the outcome of an idiosyncratic quest to reduce the wear on pockets stuffed with odd national coins, or to facilitate intra-European trade. The bold European experiment reflected a new attitude about what money should do, as well as how it should be managed.... read Comments: 2 Recommended: 0 Read: 13955
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Striking Euro Gold (and Silver)
Harold James Series: Capitalism Then and Now 2011-11-01The alternatives for Europe’s currency, the euro, seem increasingly limited to a desperate muddling through or a chaotic collapse. But there is a bolder and more productive approach that relies on past experience with multiple currencies.... read Comments: 5 Recommended: 1 Read: 13992
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Bleed the Foreigner
Harold James Series: Capitalism Then and Now 2011-10-04
The economists’ commonplace that a monetary union demands a fiscal union is only part of a much deeper truth about debt and obligation. Debt is rarely sustainable if there is not some sense of communal or collective responsibility.... read Comments: 10 Recommended: 1 Read: 17098
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The Eurozone’s Strength in Disunity
Harold James Series: Capitalism Then and Now 2011-09-05For months, an increasingly frenetic, even apocalyptic, debate about the fate of the euro has been the major driver of global instability. And yet the euro's exchange rate has remained remarkably stable, because, paradoxically, the governance weaknesses that skeptics criticize are what makes the common currency attractive.... read Comments: 2 Recommended: 1 Read: 12753
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All in the Family
Harold James Series: Capitalism Then and Now 2011-07-26
Rupert Murdoch’s media empire is a model of the modern global enterprise – a model that is now threatened by the fallout from the scandal that started with phone hacking in Murdoch’s British press operations. But the Murdochs' problems reflect the underlying weaknesses of "family capitalism."... read Comments: 0 Recommended: 0 Read: 12029
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Learning from Crises
Harold James Series: Capitalism Then and Now 2011-07-11Crises are often learning opportunities. Unfortunately, so far the world seems to have learned very little from the recent financial crisis: with the US worried by its anemic economic recovery, Europe paralyzed by fears for the euro's survival, and emerging markets wrestling with asset-price bubbles, the situation today is as dangerous as it was in 2007.... read Comments: 2 Recommended: 1 Read: 15412
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Food for Revolution
Harold James Series: Capitalism Then and Now 2011-06-02
Participants at this year's G-8 summit in Deauville are talking about interesting but peripheral issues, such as the economic impact of the Internet. Worse, they are talking about important issues, like food security, in a peripheral way.... read Comments: 1 Recommended: 0 Read: 15173
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