The Western World in the Wealth Trap*

After years of austerity, the economy does not restart, unemployment is rising and government budgets are worsening (even in countries such as Spain with a low public debt-to-GDP ratio before the “financial crisis”). Policy makers have intervened to “save” the…Leggi tutto

Vulgar Theories and Economic Perspectives

[ITALIAN VERSION] In order to understand what might happen in 2014 it is necessary to start from a theoretical statement: in our times, theories survive in a ‘vulgar’ form, and are used to justify opposite policies than originally intended. The…Leggi tutto