Showing 1 - 10 of 23
Cultural resistance
Oped, Postbag, Published on 13/06/2024
» Re: "Know your history", (Editorial, June 8).
Still haunted by Washington Consensus
Oped, Published on 11/06/2024
» In 1989, the British economist John Williamson christened what was to become the defining intellectual export of the era of globalisation: the Washington Consensus. Initially a reference to the policies adopted to tackle macroeconomic turmoil in Latin America, the term quickly morphed into a canonical "ten commandments" of development.
Populism's great replacement of economics
Oped, Published on 07/02/2024
» In 1944, as World War II neared its end, the exiled Hungarian economic sociologist Karl Polanyi published The Great Transformation, a treatise that focused on the dangers of trying to separate economic systems from the societies they inhabit. Eighty years on, Polanyi's warnings about a market economy unleashed from human needs and relations may prove prescient. In fact, the future that he foretells bears a strong resemblance to Mary Shelley's Frankenstein, in which the doctor's creature runs amok and eventually turns on its creator.
From efficient markets to 'animal spirits'
Oped, Published on 09/12/2023
» Ten years ago, Eugene Fama and Robert J Shiller were awarded the Nobel Prize in Economics (together with Lars Peter Hansen) "for their empirical analysis of asset prices".
'Women's economics' goes mainstream
Oped, Published on 10/11/2023
» William Shakespeare's 1597 comedy Love's Labour's Lost tells the story of four Frenchmen as they navigate the tension between commitment to intellectual development and the quest for domestic bliss. Some four centuries later, Harvard economist Claudia Goldin reimagined the tale from the vantage point of American women balancing career and family. Now, Ms Goldin's profound insights into women's labour-market outcomes have won her a Nobel Prize in Economics.
Laying the Chicago School of Economics to rest
Oped, Published on 05/10/2023
» Last month marked two important milestones in the history of economics -- the 50th anniversary of the event that led to the rise of the "Chicago School of Economics" and the 15th anniversary of the one that precipitated its fall.
The Beijing Consensus offers cautionary tale
Oped, Published on 19/09/2023
» For four decades, "Made in China" has been a defining feature of global capitalism. But a wave of disappointing economic news from China has given rise to increasingly gloomy forecasts, with some going so far as to argue that decline is imminent. There has been much speculation about this reversal's implications for the global economy, but what does it mean for development theory?
A poor example
Published on 07/08/2023
» Re: "Legal tactics used to minimise tax", (Business, Aug 5).
Which one is the real Europe?
Oped, Published on 04/08/2023
» This year marks the 30th anniversary of the European Union. When the Maastricht Treaty took effect in 1993, Europeans embarked on a historically unique experiment in supranational governance and shared sovereignty. The EU's single market allows for the free movement of goods, services and capital among 27 member states; and, critically, its Schengen Area means open borders between member states (and free movement rights even in non-Schengen member states), granting more than 400 million people an unprecedented form of citizenship that transcends national territories. While free trade is an old idea, the free movement of people on this scale is entirely novel.
US court kicks away ladder of opportunity
Oped, Published on 07/07/2023
» Fifteen years ago, I watched in rapt attention as a resplendent, yet surreal, scene unfolded: the election of the first-ever African-American US president, Barack Obama. In the past week, the Supreme Court of the United States, in a landmark 6-3 ruling, struck down what may have been one of the key factors in making that story possible: affirmative action in higher education.