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What Economists Still Need to Learn Monday, September 9th, 2019

Macroeconomics was one of the casualties of the 2008 global financial crisis. Conventional macroeconomic models failed to predict the calamity or to provide a coherent explanation for it, and thus were unable to offer guidance on how to repair the damage. Despite this, much of the profession..

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Boris Johnson Trips: Duvets, Toothbrushes and the House of Lords Sunday, September 8th, 2019

In 2017, MP Jacob Rees-Mogg, a Tory creature trapped in cold storage, suggested that the UK’s withdrawal from the European Union was tantamount to fighting the battles of Agincourt, Waterloo and Trafalgar, a true statement of British strength. (Much inconsistency there, but let him ride with it.)..

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Robert Mugabe’s Legacy: Revolution, Amity and Decline Saturday, September 7th, 2019

Robert Mugabe is the sort of figure that always caused discomfort. He was a permanent revolutionary, becoming, in time, the despotic ruler who frittered away revolutionary gain. He played multiple roles in international political consciousness. As Zimbabwe’s strongman, he was demonised and..

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The Rule of Lawyers

Law professors are apparently chafing at the confines of traditional law and economics, an academic subfield that emerged when intermediate-level microeconomics was imported wholesale into law. Proponents of law and economics largely succeeded in displacing previous, ethics-based modes of..

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The Biomedicine Threat

Biomedical advances in recent decades have been hugely beneficial – most of all for the world’s poor, whose life expectancy has increased dramatically. But the future looks more dangerous. Although continued innovation will further improve people’s lives, it will also give rise to new..

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The Courage of Saying No: Children, Rebellion and Greta Thunberg Thursday, September 5th, 2019

There is something to be said of wariness when it comes to revolutionary voices. As Albert Camus argued in that beautiful tract of illumination and contradiction, The Rebel, “All modern revolutions have ended in the reinforcement of the power of the state.” But he also argued that humankind..

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Why Climb Mount Everest?

In 1953, when Edmund Hillary and Tenzing Norgay became the first people to reach the summit of Mount Everest, I was seven years old. For a time, I was immersed in the stories of the epic climb. It seemed like an achievement for all of humankind, like reaching the South Pole. Would there still be..

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Britain’s Enemy of the People? Wednesday, September 4th, 2019

The idea that British Prime Minister Boris Johnson is a man of the people, a tribune of the common man fighting the established elites, might seem anomalous, even outright bizarre. After all, Johnson is a perfect example of the English elite: educated at Eton and Oxford, and possessed of all the..

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Inevitable Withdrawal: The US-Taliban Deal Tuesday, September 3rd, 2019

It took gallons and flagons of blood, but it eventuated, a squeeze of history into a parchment of possibility: the Taliban eventually pushed the sole superpower on this expiring earth to a deal of some consequence. (The stress is on the some - the consequence is almost always unknown.) “In..

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Myths of Kashmir

The Indian government’s recent decision to revoke Kashmir’s special semi-autonomous status has raised fears of yet another conflict with Pakistan over the disputed territory. But in order to understand the implications of the events unfolding in Kashmir – a heavily militarized geopolitical..

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Capitalism in the Last Chance Saloon Monday, September 2nd, 2019

This year, the evidence that global warming is occurring, and that the consequences for humanity could be severe and potentially catastrophic, has become more compelling than ever. Record global temperatures in June and July. Unprecedented heatwaves in Australia and India, with temperatures above..

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Tradition, Marketing and Blacked Cognac Sunday, September 1st, 2019

The moment the liquid hits the mark, lips on the balloon rim, the hand having swirled the mellow colouring to life, the throat anticipates. It is tenderising, the gentle burn finding its way down to the belly. Most cultures have their tribute of firewater, or hellfire’s brew, but France’s..

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HAS IMRAN KHAN LOST HIS WAY?

Earlier, Imran Khan captained the Pakistan cricket team with considerable distinction and lifted the reputation of the team to new heights. Later on, he took steps to construct a cancer hospital in Pakistan. Both these activities created high expectations about his leadership qualities and..

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The Battle for Britain Saturday, August 31st, 2019

The Brexit “Leave” campaign has been billed as an effort to “take back control” by restoring “sovereignty” to the United Kingdom’s Parliament. It is thus deeply ironic that one of the first moves of the Brexiteers upon coming to power has been to suspend Parliament and shut down..

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The Trump Narrative and the Next Recession Friday, August 30th, 2019

US President Donald Trump concluded his remarks at the recent G7 summit by inviting the assembled leaders to hold next year’s meeting at his Doral country club near Miami, describing a fantasy-like world of “magnificent buildings” whose “ballrooms are among the biggest in Florida and the..

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Unhinged before the Fall: Boris Johnson, Parliament and Brexit Thursday, August 29th, 2019

The Brexit no deal prospect is engendering an element of lunacy fast seeping into every pore of the British political establishment. As with all steeped in such thinking, some of it made sense. Prime Minister Boris Johnson had been inspired by a mild dictatorial urge, seeking to suspend the UK..

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Will the Iran Conflict Break the West?

Before the G7 summit in Biarritz, France, this month, it was a toss-up whether the greater disruption would come from US President Donald Trump or British Prime Minister Boris Johnson. Yet the attendee who had the biggest impact was someone who was not expected to be there at all: Iranian Foreign..

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Locking China Out of the Dollar System Monday, October 21st, 2019

The recently announced “phase one” agreement between the United States and China has been touted as an important step toward a comprehensive deal that ends the trade..

Will Trump Be Removed from Office? Sunday, October 20th, 2019

Trump’s Perfidious America Saturday, October 19th, 2019

Time to Bite the Bullet in Syria Friday, October 18th, 2019

How China Loses Friends and Alienates People Thursday, October 17th, 2019