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Will US economic illiteracy trigger a trade war?
News, Jeffrey D Sachs, Published on 24/04/2017
» Nearly 100 days after US President Donald Trump took office, he and his commerce secretary, Wilbur Ross, continue to commit an economic fallacy that first-year economics students learn to avoid. They claim that America's current-account deficit (or trade deficit), which is in fact the result of America's low and falling saving rate, is an indicator of unfair trade practices by Germany and China, two current-account surplus countries. Their embrace of economic ignorance could lead to disaster.
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In the sochi ERA, Russia thrives
News, Jeffrey D Sachs, Published on 23/02/2014
» The Winter Olympics in Sochi are the first to be hosted by Russia since the Cold War-era Moscow Summer Games in 1980. Obviously, much has changed politically in the interim. But today's Games create an opportune moment to look back at Russia's recent economic history _ and to peer forward.
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