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Britain Slumps

Word now comes that Great Britain has slipped back into recession after several years of David Cameron’s austerity experiment. It seems, yet again, that John...

Paul Samuelson

Paul Samuelson was the greatest academic economist of the 20th century. Yet one never hears talk of Samuelsonian economics, and his profile was much lower than...

Britain's Idea to Tax Financial Transactions

There's nothing like financial Armageddon for reviving the work of an old economist. Amid the recessionary doom and gloom, the world has channeled Adam Smith,...

The Comeback Keynes

We are all Keynesians now. It's a phrase that entered public discourse as the headline of a TIME cover story in 1965. Now it's coming back into fashion. This...

Down with the Dollar!

For years we've been hearing that the U.S. dollar's days as the world's dominant currency are numbered. Remember when the yen was going to supplant it? Then came...

Looking for the Bottom

John Maynard Keynes famously warned that "the markets can remain irrational longer than you can remain solvent." Considering the recent volatility in stocks...

A Backlash Against Globalization?

At the museum of history in Hong Kong last month, you could visit an exhibition whose centerpiece was a old, bleached, shaped piece of wood, 11 m long. To be...

Economist JOHN MAYNARD KEYNES

He hardly seemed cut out to be a workingman's revolutionary. A Cambridge University don with a flair for making money, a graduate of England's exclusive Eton...

BROTHER, CAN YOU SPARE A EURO?

Those who think I haven't given sufficient attention to international monetary policy will be pleased to learn that I've been in London studying the euro, the...

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