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  1. PS25
    shiller53_Jeffrey GreenbergUniversal Images Group via Getty Images_foreclose house Jeffrey Greenberg/Universal Images Group via Getty Images

    Bubble Trouble

    Sep 17, 2007 Robert J. Shiller

    To commemorate its founding 25 years ago, PS is republishing a selection of commentaries written since 1994.

    In this commentary from 2007, Robert J. Shiller saw a run on the shadow banking system already underway.

  2. GettyImages-1167022205 Tasos Katopodis/Getty Images

    Trump’s Economy

    Featured in this Big Picture
    1. Robert J. Barro Robert J. Barro ,
    2. Lenny Mendonca Lenny Mendonca ,
    3. Jim O'Neill Jim O'Neill ,
    4. Nouriel Roubini Nouriel Roubini ,
    5. Joseph E. Stiglitz Joseph E. Stiglitz ,
    6. Laura Tyson Laura Tyson

    With no end in sight for US President Donald Trump’s trade war, market jitters about a possible global recession are increasing. And, having blown up the federal budget deficit and pressured the Federal Reserve to cut interest rates, the next downturn, when it comes, is likely to be long and deep.

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GettyImages-1167022205 Tasos Katopodis/Getty Images

Trump’s Economy

Featured in this Big Picture
  1. Robert J. Barro Robert J. Barro ,
  2. Lenny Mendonca Lenny Mendonca ,
  3. Jim O'Neill Jim O'Neill ,
  4. Nouriel Roubini Nouriel Roubini ,
  5. Joseph E. Stiglitz Joseph E. Stiglitz ,
  6. Laura Tyson Laura Tyson

With no end in sight for US President Donald Trump’s trade war, market jitters about a possible global recession are increasing. And, having blown up the federal budget deficit and pressured the Federal Reserve to cut interest rates, the next downturn, when it comes, is likely to be long and deep.

GettyImages-912367752 Getty Images

What Is Inequality?

Featured in this Big Picture
  1. Angus Deaton,
  2. Jayati Ghosh,
  3. Ricardo Hausmann,
  4. Harold James,
  5. Mahmoud Mohieldin,
  6. Michael Spence,
  7. Carolina Sánchez-Páramo

The rubric of inequality contains multitudes, from disparities in material means to those affecting access to opportunities and outcomes both between and within countries. Given that all inequalities were not created equal, the challenge for egalitarians is to decide which ones really matter.

25 years of the World's Opinion Page
PS25
shiller53_Jeffrey GreenbergUniversal Images Group via Getty Images_foreclose house Jeffrey Greenberg/Universal Images Group via Getty Images

Bubble Trouble

Sep 17, 2007 Robert J. Shiller

To commemorate its founding 25 years ago, PS is republishing a selection of commentaries written since 1994.

In this commentary from 2007, Robert J. Shiller saw a run on the shadow banking system already underway.

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