Search results

Results for tag:by Robert Skidelsky

28 results

The Price Paradox

Published 25.02.2015
LONDON – In 1923, John Maynard Keynes addressed a fundamental economic question that remains valid today. “[I]nflation is unjust and deflation is inexpedient,” he wrote. “Of the two perhaps deflation is…the worse; because it is worse…to provoke...

The Fall of the House of Samuelson

Published 22.01.2015
LONDON – To read The Samuelson Sampler in the shadow of the Great Recession is to gain a glimpse into the mindset of a bygone era. The sample is of the late Paul Samuelson’s weekly columns for the magazine Newsweek from 1966-1973. Samuelson, a...

Britain’s Closet Keynesian

Published 22.12.2014
LONDON – There is a growing apprehension among Britain’s financial pundits that Chancellor of the Exchequer George Osborne is not nearly as determined to cut public spending as he pretends to be. He sets himself deadlines to balance the books,...

Philosopher Kings Versus Philosopher Presidents

Published 20.11.2014
LONDON – When I recently met Irish President Michael Higgins – sharing a platform for a speech in which he connected his newly launched “ethics initiative” to a book I co-wrote with my son, How Much is Enough? Money and the Good Life – I was...

The Moral Economy of Debt

Published 22.10.2014
LONDON – Every economic collapse brings a demand for debt forgiveness. The incomes needed to repay loans have evaporated, and assets posted as collateral have lost value. Creditors demand their pound of flesh; debtors clamor for relief. Consider...

Endgame for Putin in Ukraine?

Published 26.08.2014
LONDON – Vladimir Putin may (or may not) enjoy 80% public support in Russia for his Ukraine policy; but it has become increasingly clear that he has bitten off more than he can chew. The question is: At what point will his position as President...

Europe’s Surplus of Stagnation

Published 23.07.2014
LONDON – While the rest of the world recovers from the Great Recession of 2008-2009, Europe is stagnating. Eurozone growth is expected to be 1.7% next year. What can be done about it? One solution is a weaker euro. Earlier this month, the chief...

Post-Crash Economics

Published 18.06.2014
LONDON – In last month’s European Parliament election, euroskeptic and extremist parties won 25% of the popular vote, with the biggest gains chalked up in France, the United Kingdom, and Greece. These results were widely, and correctly,...

The Road to Full Investment

Published 20.05.2014
LONDON – A specter is haunting the treasuries and central banks of the West – the specter of secular stagnation. What if there is no sustainable recovery from the economic slump of 2008-2013? What if the sources of economic growth have dried up...

Kennan’s Revenge

Published 22.04.2014
LONDON – Earlier this month, Russian President Vladimir Putin announced that gas giant Gazprom would start demanding payment a month in advance for the supplies that it sells to Ukraine. The British newspaper The Observer published, in response,...

The Wolves of Wall Street

Published 21.03.2014
LONDON – “What a commentary on the state of twentieth-century capitalism,” mused “motivational speaker” Jordan Belfort as he looked back on his life of fraud, sex, and drugs. As head of the brokerage firm Stratton Oakmont, he fleeced investors...

Free Trade and Costly Love

Published 20.01.2014
LONDON – The World Trade Organization’s ministerial conference in Bali in December produced a modest package of encouragements to global trade. More broadly, the WTO’s multilateral approach has shown its worth by preventing a massive increase in...

Four Fallacies of the Second Great Depression

Published 20.11.2013
LONDON – The period since 2008 has produced a plentiful crop of recycled economic fallacies, mostly falling from the lips of political leaders. Here are my four favorites. The Swabian Housewife. “One should simply have asked the Swabian...

Misconceiving British Austerity

Published 22.10.2013
LONDON – Was the British government’s decision to embrace austerity in the wake of the global financial crisis the right policy, after all? Yes, claims the economist Kenneth Rogoff in a much-discussed recent commentary. Rogoff argues that while,...

The Russian Janus

Published 19.09.2013
LONDON – Russia presents two opposing faces to the world: one menacing, the other benign. Both have now combined, somewhat unexpectedly, to break the momentum carrying the United States, and possibly other Western powers, toward a disastrous...