The United Kingdom’s recent general election provided a clear example of how the question of national identity is reshaping Europe’s political landscape. The Scottish National Party, embodying a left-wing version of identity politics, wiped out Labour in Scotland, al

One of the factors driving the massive rise in global inequality and the concentration of wealth at the very top of the income distribution is the interplay between innovation and global markets. In the hands of a capable entrepreneur, a technological breakthrough can be worth b

Over the last five years, the eurozone has, without explicit popular consent, maintained a strict policy focus on fiscal austerity and structural reforms — despite serious social repercussions, not only in the Mediterranean periphery and Ireland, but even in a “core&r

Opinion polls in the run-up to Greece’s early general election on January 25 indicate that the left-wing Syriza Party is likely to win the largest share of votes. As a result, Syriza stands to earn a crucial premium under Greek electoral law, according to which the party t

The sharp drop in the price of crude oil since late June has been grabbing headlines worldwide — and producing a lot of contradictory explanations. Some attribute the fall largely to declining global growth expectations.

When the International Monetary Fund (IMF) lowered its global growth forecast for 2014 and 2015 from 3.7 per cent and 3.9 per cent, respectively, to 3.3 per cent and 3.8 per cent, it cited the eurozone’s increasingly gloomy prospects, including significantly slower growth i

For most of the beginning of 2014, the eurozone seemed to be in a state of recovery — weak and unsteady, but nonetheless real. In April, the International Monetary Fund estimated that overall GDP growth would reach 1.2 per cent this year, with slowly declining unemployment

This month — the centenary of the outbreak of World War I — is an opportune time to reflect on big risks. As Michael Spence recently warned, the international order’s widening security deficit, reflecting the weakening of whatever global governance we have, is

Thomas Piketty’s book Capital in the Twenty-First Century has captured the world’s attention, putting the relationship between capital accumulation and inequality at the centre of economic debate.