What Adam Smith Knew About Trade Wars – WSJ

Member of Parliament Jesse Norman, one of the global leading lights on issues of corporate governance and economic policy, has a new book coming out next month about Adam Smith, and it was excerpted in the Wall Street Journal. What matters for [Adam] Smith isn’t the rhetoric of “free markets” but the reality of effective…

Multinational Organizations Best Address the Five Biggest Economic Challenges

Kalin Anev Janse, secretary general and a member of the management board of the European Stability Mechanism (the eurozone’s lender of last resort), considers five major challenges and why international organizations offer the best hope for managing them. The Brexit vote and the U.S. presidential election outcome signal dramatic changes in cooperation globally and a…

“Boom Bust Boom” Explains Why Economists Never Predict Bubbles

VEA Vice-Chair Nell Minow interviewed the people behind a new documentary about why economists are so wrong about bubbles for the Huffington Post.  Here is a slightly longer version. Did you ever think only a Monty Python member could explain the wild economic upheavals of the last century? A new documentary, “Boom Bust Boom,” thinks…

Are We on the Verge of Post-Capitalism?

In the Guardian, Paul Mason makes a provocative argument that technology and access to information and data will disrupt the traditional structures of capitalism. We might argue that the trends he describe are more of a return to the original notions of capitalism, with a more direct connection between workers, managers, and providers of capital….