The relationship between inequality and growth has become a hot topic for economists, with new research challenging the conventional view that greater inequality is the price that must be paid for higher output. But for policymakers, the real question is how to assess outcomes and improve modes of distribution.
Economists have long recognized the limits of gross domestic product as a means of measuring economic activity and prosperity – namely, that it can miss both negative externalities and what Robert Kennedy once described as "that which makes life worthwhile." But if GDP is so flawed, why do we still rely on it?
The Global Partnership for Education, a worthy and capable initiative to promote education in 65 low-income countries, is begging for funds. The fact that it must do so – and for a paltry $1 billion per year, at that – exposes the charade of the US and European commitment to education for all.
Unlike the Great Depression of the 1930s, which produced Keynesian economics, and the stagflation of the 1970s, which gave rise to Milton Friedman's monetarism, the Great Recession has elicited no such response from the economics profession. Why?
Catalan separatists won't win independence for their region. But if they reengage with Spain's state institutions and build alliances with other political forces that want a federal system, they could achieve far-reaching constitutional reform.
With rapid advances in automation and artificial intelligence in recent years, many are worried about a jobless future and sky-high levels of inequality. But the vast technologically driven shift currently underway should be welcomed.
Neurologically exceptional people, such as those with autism or Asperger syndrome, tend to be disadvantaged by the traditional interview process. But, if given the opportunity to train and work as cybersecurity professionals, they could prove integral to protecting the data that underpins the digital age.