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Global debt, public and private, is at record highs! But there is no agreement on whether we should worry about this much. My new Cambridge Element, Debt Sustainability—A Global Challenge” argues that we should care. Debt does not only affect poor countries, but also the largest and richest economies. In many of today’s advanced countries, […]
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There is no shortage of proposals to address society’s most pressing problems—poverty, health, urban infrastructure, climate change, and many others. These propositions often involve single-handed solutions involving either direct governmental action or private outsourcing of key services, with a host of hybrid arrangements in between—such as public-private partnerships or social enterprises mixing financial and social […]
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Everyone knows it. We are facing a global environmental crisis of extinction-level proportions driven by carbonizing fossil capitalism. In May 2021 the International Energy Agency (IEA) released it most alarming flagship report, Net Zero by 2050 A Roadmap for the Global Energy Sector. While offering a pathway to reversing carbonization, the Report stresses that existing […]
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One of the many flaws of mainstream economics is its systemic allergy to competing paradigms. My book Macroeconomics: An Introduction (2021) treats this problem by providing readers not only with an alternative paradigm but also with a critique of mainstream economics. The alternative paradigm draws on the ideas of Adam Smith, David Ricardo, Karl Marx, […]
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Since the publication of Indigenous Peoples and International Trade there has been a number of notable international legal economic instruments incorporating provisions relevant for Indigenous Peoples, The Indigenous Peoples Economic and Trade Cooperation Arrangement (IPETCA), endorsed by Australia, Canada, New Zealand and Taiwan in late 2021, is the first multilateral economic instrument dedicated to Indigenous […]
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After the extensive support to monetary and financial sectors in the aftermath of the global financial crisis and then during the Covid-19 pandemic, central bankers are now faced with the difficult task of engineering a controlled re-entry to the normal cycle of demand management. As we can all begin to see, the two-year interruption to […]
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OECD countries adopt different models of healthcare financing. The health financing mechanisms incorporate not only opposing interests (some models favor the highest incomes, others the lowest) but even more diverse conceptions of illness and healthcare. Let us try to review the most common models of healthcare financing and, for each of them, try to understand […]
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Professor Nick Wilkinson, the author of Managerial Economics, took some time to answer our questions about inspiration, the digital revolution, and the rewards of teaching. The second edition of your textbook Managerial Economics is publishing later this month, what originally inspired you to write on this subject and how has that developed with this new […]
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