If there is one financial market that could put in doubt the stability of the entire global financial system it is the $23 trillion US
Adam and Cameron discuss the work of French philosopher Bruno Latour, who died last month. Labour was not an economist but his ideas touched on
Today disparate shocks interact so that the whole is worse than the sum of the parts Read the full article at the Financial Times
On the occasion of Jacobin’s “Inflation” issue release party, Samir Sonti interviewed historian Adam Tooze at the Mayday Space in Brooklyn. This is audio from
“A conversation about the fragile, uncertain future of the global economy at this history-making moment and the Fed’s role in it.” Find a transcript of
The new British government is an economic disaster—and a symbol of a global political crisis. In the last few weeks, we have witnessed the remarkable
Around the world, rapid economic recovery from the Covid shock unleashed the largest wave of inflation we have seen since the early 1980s. In response,
In the US they call it ‘starving the beast’ – cut taxes and, as revenue decreases, you create irresistible pressure for austerity Markets have delivered
An economic history of the last century recalls a period that improved and redefined the lives of billions — yet also enabled war and environmental
Fed chief Jerome Powell wants the world to understand his present decisions are guided by past traumas. At the annual gathering of central bankers and
By raising interest rates, the Federal Reserve strengthened the U.S. currency—and revealed its centrality to global order. 2022 has been a year of dollar power—power
Yes, fiscal and monetary policy seemed stuck for too long in expansionary mode. But the era also saw the rebalancing of the world economy. Some
In November 2019, from the salon doré of the Élysée Palace, where Charles de Gaulle once held court, Emmanuel Macron warned his fellow Europeans that
Asia gets the attention, but the real economic revolution is the inevitable growth of an overlooked continent. In the coming decades, we face a revolutionary
Vladimir Putin’s invasion of Ukraine has upended world politics and nowhere more so than in Germany. Addressing an emergency session of the Bundestag on 27
The aim of the billions committed through the Lend-Lease plan could tip the geopolitical balance. History may be about to repeat itself In the spring
Amid the twisted girders, ruined walls and underground tunnels of the Azovstal plant, Ukraine’s defenders are making their last stand in the siege of Mariupol.
Will Putin’s invasion of Ukraine lead to a new world order, or an era of grinding compromise? It was the French Revolution that defined the
Global economics will never be the same—but not in the ways you might think. For NATO and the West’s relations with Moscow, Russian President Vladimir
The problem for Putin’s regime is political rather than financial – that’s why this would be no ordinary default As of Wednesday Russia has been
Rage aimed at the eminent international relations scholar reflects liberal frustration over the West’s limited power to prevent Russia’s war in Ukraine. “Why is Ukraine
The freezing of Russia’s central bank reserves has brought conflict to the heart of the international monetary system. Ukraine’s resistance to Russia’s invasion has changed
A conversation with Ezra Klein on his podcast regarding the invasion of Ukraine and the economic war that West is waging on Russia. You can
It may be an embarrassment now, but with $11bn spent you would be brave to bet against the pipeline eventually carrying Russian gas to the
A review of: THE LORDS OF EASY MONEYHow the Federal Reserve Broke the American EconomyBy Christopher Leonard As the U.S. economy bounces back from the
Surging energy prices force us to confront the suffering caused by inflation and our uncertain future. But a new wage-price spiral is still unlikely. Prices
Covid-19 brought the EU together — the crisis in Ukraine may now tear it apart. As 2022 begins, Europe presents a Janus face. In the
Despite victories from Covid to climate change, the president is hamstrung and the nation as divided as ever At the 12-month mark, the obituaries for
Whether as Italy’s prime minister or its president, he may not have the solution to Italy’s problems. On Jan. 24, Italy’s parliamentarians and a caucus
How U.S. polluters might drag the country’s economy down with them. The United Nations climate change conference (known as COP26) in Glasgow, Scotland, was billed
The summit exposed a world looking beyond a broken neoliberal model Cop26 delivered no big climate deal. Nor, in truth, was there any reason to
Adam Tooze on Andreas Malm’s post-pandemic climate politics The carbon clock is ticking. Governments and official agencies assure us that all will be well, that they can
This is a moment to accelerate the transition towards net zero, not to retreat. When it comes to the politics of energy and the climate
Christian Lindner would be unsuitable as finance minister – but would make a good minister of digital affairs, according to economists Joseph E. Stiglitz and
A fiscal conservative in the job and a new era of debt limitation could spell disaster for EU countries The result of the German election
After years of consensus, a new era of division is set to roil German politics at home and abroad. In what may prove to be
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