Rigged: How Mainstream Economics Failed Us All
Econ 101 operates under the observation that “households and firms interacting in markets act as if they are guided by an invisible hand that leads them to desirable market outcomes.” Thus the role of...
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Germany Does Have Unfair Trade Advantages
In one of Donald Trump’s rants, he claimed the reason why there are so many German cars in the U.S. is that their automakers do not behave fairly. The German economy’s prompt response was that “the...
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Female employment rates are rising across the world, but not in the US. Why?
Japan is not exactly the country that comes to mind as a model of gender equality and high labor force participation for women. In 1995, the OECD estimated women’s employment rate in Japan at 56.5...
View ArticleDenouncing the Flaws of the EU is not Extremist, it’s Necessary
The main takeaway from the French presidential election is that criticism of the European Union (EU), including the eurozone, is not well received regardless of its validity. While Europe might...
View ArticleGreece has a Private Debt Crisis and We Can Blame the Troika
The Greek public debt debacle and the bailout received by the government from the European Central Bank (ECB), the European Commission (EC), and the International Monetary Fund (IMF) – referred to...
View ArticleAusterity in the UK: Senseless and Cruel
As the UK recorded its first current budget surplus in 16 years, the IMF was quick to use this development as sufficient proof to declare the austerity measures, imposed by the UK government in the...
View ArticleWhat Money Can’t Buy: The Moral Questions of Market Solutions
Against the backdrop of a society that rarely questions the perceived superiority of “market-based” solutions, Michael Sandel skillfully explores the intersection between markets and morality. In a...
View ArticlePuerto Rico’s Colonial Legacy and its Continuing Economic Troubles
When Puerto Rico was hit by Hurricane Maria, the island was ill-equipped to handle the storm that claimed thousands of lives and devastated most of the island’s infrastructure, leaving it in the dark...
View ArticleDespite its new rhetoric, the IMF still promotes failed policies
An event titled Income Inequality Matters: How to Ensure Economic Growth Benefits the Many and Not the Few is not exactly what comes to mind when one thinks of the International Monetary Fund...
View ArticleIs the new progressive IMF just an illusion?
“The Funeral of Austerity”– that’s how the FT referred to the IMF’s last round of annual meetings. In a radical departure from past approaches, the fund’s glossy publications encouraged countries to...
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