Berfrois

Marx wondered who would educate the educator…

Marx wondered who would educate the educator…

I am not now nor have I ever been a Marxist, yet Karl Marx was one of my most important teachers.

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‘Uncoordinated national policies cannot govern migration’

‘Uncoordinated national policies cannot govern migration’

Migrants arriving by boat on Lampedusa Island, Noborder network by Tito Boeri Lampedusa is a beautiful island closer to North Africa than to Sicily. In the last two months it has been flooded with migrants, mostly coming from Tunisia. The preliminary count is 28,000 arrivals on an island where...

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Welfare for the Rich

Welfare for the Rich

Christy Mack and Susan Karches From Rolling Stone: America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet fighters, DEA agents, wheat subsidies and Medicare, plus pensions and bennies for that...

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Capital Thinker

Capital Thinker

From The Chronicle Review: Praising Karl Marx might seem as perverse as putting in a good word for the Boston Strangler. Were not Marx’s ideas responsible for despotism, mass murder, labor camps, economic catastrophe, and the loss of liberty for millions of men and women? Was not one of...

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1%

1%

Of the 1%, by the 1%, for the 1% | by Joseph E. Stiglitz

Vanity Fair

It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a...

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Capitalism at its Historical Limits

Capitalism at its Historical Limits

From The Chronicle Review: Apart from the patently nonreality-based dissent of its Republican members, the Financial Crisis Inquiry Commission could hardly have expected the report it issued in January to arouse much excitement. After a year and a half of research and the testimony of academics and other economic...

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Mega-Megacities

Mega-Megacities

Mexico City by Klaus Desmet and  Esteban Rossi-Hansberg Are the world’s megacities becoming a sprawling, overfed, and uncontrollable mass that needs to be restrained for the good of society and the environment? This column suggests that policies aimed at reducing the dispersion in city sizes will hardly improve the...

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How the Celtic Tiger Lost Its Stripes

How the Celtic Tiger Lost Its Stripes

Ireland on the turn? | by Daniel Finn

New Left Review

For much of the past two decades, the Republic of Ireland found itself hailed as a crowning glory of neo-liberalism. Between 1993 and 2000, Irish gnp grew by an average of...

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‘Nobody goes to jail. This is the mantra of the financial-crisis era…’

‘Nobody goes to jail. This is the mantra of the financial-crisis era…’

Wall Street: Money Never Sleeps, 20th Century Fox, 2010 From Rolling Stone: Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. “Everything’s fucked up, and nobody goes to jail,” he said. “That’s...

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Psychodrama of the IMF

Psychodrama of the IMF

Ben Heine by Biagio Bossone In the years leading up to the global crisis, the IMF routinely failed to detect the vulnerabilities that brought the global economy to its knees – even once the turmoil had begun. How could the organisation mandated to oversee international finance stability have been...

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C+V+S

C+V+S

Photograph by Phil Douglis From London Review of Books: In the case of real estate, it might happen – as it has – that more building and selling of houses has been financed than can actually be paid for with income deriving, in the last instance, from production. So...

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It seemed inevitable that the dollar would lose its exorbitant privilege. But the currency is here to stay, if only for want of an alternative…

It seemed inevitable that the dollar would lose its exorbitant privilege. But the currency is here to stay, if only for want of an alternative…

by Barry Eichengreen The dollar’s key role in international markets is once again in the spotlight. This column introduces a new book by Barry Eichengreen: Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System. As the author puts it, “If you...

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Manifesto of the Appalled Economists

Manifesto of the Appalled Economists

Atelier Tee From European Alternatives: The world economic recovery, permitted by a massive injection of public spending into the economy, is fragile but real. One continent lags behind, Europe. Finding again the path of growth is no longer its priority policy. Europe has embarked on another path: the fight...

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