Watching two eminent economists in conversation I was struck by how much current economic debates lean on a one-sided interpretation of the Great Depression. Paul Krugman and Joseph Stiglitz were speaking at the Fashion Institute of Technology in New York. The two have a lot in common: Nobel prizes, Ivy League professorships, immensely high public […]
This Perspective column was first published in today’s edition of Fund Strategy. Although the claim that America has entered a “new normal” of low economic growth has become commonplace the argument is usually crude. A new paper* by Robert Gordon, a professor at Northwestern university in Chicago, is an important exception. He puts forward a […]
This week’s appalling GDP figures are far from the worst statistics that have come out on the British economy recently. One quarter of bad data can always be dismissed as a blip but there are reasons to believe Britain’s economic problems are deep-rooted. It takes hard work to divine any potential for improvement although it […]
This is a comment by me on the Guardian’s comment is free website As the tallest building in Europe it dwarfs the others in the capital. Its distinctive style stands at odds with the historical buildings in the city centre. Prominent writers complained about its construction but the city’s inhabitants have generally come to love […]
In this article I revisit the contention that the western world has entered a “new normal” of sluggish economic growth. It is the final part of my latest Fund Strategy cover story. In many ways the notion of the low hanging fruit parallels the argument that the global economy has entered a “new normal” of […]
This is the main text of my recent Fund Strategy cover story on the debate about the “great stagnation”. All the graphics can be found in the version in the magazine itself and I will post the remaining box here tomorrow. An influential alternative to the well-worn explanation of the economic malaise of recent years […]
My Fund Strategy cover story on “the great stagnation” – the idea that a long-term technological slowdown has hit American economic growth – is available to read here. I will paste the full text over the next few days.
This is my latest Perspective column for Fund Strategy. One of the unexpected side effects of the economic crisis is to turn prominent dead economists into rap stars. A video featuring a rap battle between John Maynard Keynes (1883-1946) versus Friedrich August Hayek (1899-1992) has received over 2.8m hits while the sequel has garnered 1.3m. […]
My review of William Holstein’s The Next American Economy has appeared in the FT Wealth section of today’s Financial Times (free registration may be required to view).
Today’s Real Clear Markets includes a link to my Fund Strategy cover story on high technology.
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