Daron Acemoglu on the challenges of modern innovation for society and economic theory. If there is one thing on which economists and the American public agree on, it is that
Michael Burda on supply shocks, inflation, and German competitiveness in the Eurozone Alas, our world faces yet another challenge. Just as we were recovering from global and sovereign debt financial
Despite its utopian elements, Kim Stanley Robinson’s sci-fi bestseller, Ministry for the Future, does not make easy reading, especially if you are an economist. The book starts in the near
Many of last year’s problems are still with us. Omicron has replaced or, is in the process of, replacing Delta but for the moment France has not locked down nor
This is my first Letter from America and, admittedly, I have some big shoes to fill. Angus Deaton is a true luminary of our profession and has done a tremendous
After twenty-five years of writing for the Newsletter, Sir Angus Deaton contributes his final Letter from America, in which he reflects on past Letters, economics, and his life and times.
Looking at recent events, Alan Kirman reflects sadly on the lack of communication between governments, in France and the UK, and the people they govern. My father told me, when
In his latest Letter, Angus argues that it may take multiple crises to change ‘a deeply broken economic and political system.’ America is full of chaos and uncertainty. There are
Because of its comparatively low mortality rate, Germany is often cited as an example of how best to tackle the Covid-19 pandemic. In his latest letter, Michael Burda1 takes a
In this Letter from America Angus reports that the coronavirus pandemic has sharpened the already urgent debate between candidates in the Democratic primaries about the US healthcare system but doubts
Alan Kirman laments the UK’s decision to leave the EU, before examining the French government’s clumsy attempt to reform the state pension system. The quote above is a slight misrepresentation of
In his latest Letter, Sir Angus shows how the benefits of meritocratic educational systems can be abused, leaving the beneficiaries with privileges reminiscent of those accruing to the inheritors of
In his latest Letter, Michael Burda looks at German responses to the suggestion that the Italian government should issue small-denomination, short-term debt, as a means of making payments. After returning
The recent death of Alan Krueger prompts Angus Deaton to reflect on the reception accorded to the suggestion, more than twenty years ago, that a minimum wage can sometimes increase
Alan Kirman reports on the recent political upheavals in France. At the end of the month of November, France suddenly went into revolution mode. Cars were burned and barricades were
In his latest Letter from America, Angus looks to the history of nineteenth century Britain as an antidote to the despair caused by recent developments in the USA. In the
