The Crisis of Europe and European Nationalism
By: The Globalist | Friday, September 16, 2011
When I visited Europe in 2008 and before, the idea that Europe was not going to emerge as one united political entity was regarded as heresy by many leaders. The European enterprise was seen as a work in progress moving inevitably toward unification — a group of nations committed to a common fate.
Greece’s Only Way Out: Looking Beyond the Debt Issue
By: The Globalist | Thursday, September 8, 2011
Greece’s dire straits reflect the fundamental failure of the domestic political economy — and especially a disastrous tradition of political and governmental elites gaming the system for their own benefit. Therefore, the reforms that need to be undertaken cannot be imposed from abroad.
Don’t Let Fiscal Brakes Stall Global Recovery
By: EBR | Tuesday, September 6, 2011
The current market turmoil, marked by a huge spike in uncertainty, has shaken confidence across the global economy and prompted many to conclude all policy options have been exhausted. That impression is wrong – and could lead to paralysis.
![The history in the passage is wrong. Roosevelt′s Keynesian schemes didn′t work, as has been shown by numerous economists. (See The Critics of Keynesian Economics [1960] edited by Henry Hazlitt, and Hunger Lewis′s Where Keynes Went Wrong [2009], among many works that critically and mostly dispassionately address Keynesian economics.)](/articlefiles/keynes_s.jpg)
The Keynesian Non-Answer
By: EBR | Monday, August 22, 2011
The New Republic editorialized recently about the current economic mess and it is worth quoting because the central passage is largely non-hyperbolic, non-polemical: "The classic response to our current economic situation, put forth by J.M Keynes in the 1930s, is for the government to spend money.
Europe Must Choose a Currency Union or a Financial Union
By: The New York Times | Friday, July 22, 2011
If there was one lesson to be learned from the European sovereign debt crisis, it was that monetary union by itself cannot work indefinitely. If Europe really wants to preserve the advantages of the euro currency, it will need far more fiscal and economic integration.
Are Universities Working Hard Enough for their Students?
By: EBR | Monday, July 4, 2011
As Europe’s universities get fuller, with students from a more diverse range of backgrounds than ever before, it is not unusual to hear the complaint that university degrees are losing their value.
By: N. Peter Kramer
