More than a century has passed since Norman Angell, a British journalist and politician, published “The Great Illusion,” a treatise arguing that…

The Inflation and Rising Interest Rates That Never Showed Up

We need public investment; at a time of very low interest rates, we could easily afford it. But build we won’t

What matters is whether it has too much power, and is abusing that power. Well, it does, and it is

Most Americans say, if asked, that inequality is too high and something should be done about it

Europe desperately needs the leader of a major economy — one that is not in terrible shape — to stand up and say that austerity is killing the Continent’s economic prospects

The fact that apologists for America’s oligarchs are evidently at a loss for coherent arguments doesn’t mean that they are on the run politically

“We’re seeing inequalities that will be transferred across generations. We are becoming very much the kind of society we imagined we’re nothing like.”

Review of Capital in the Twenty-First Century, by Thomas Piketty

Yes, callous, wrongheaded conservatives have been driving policy, but they have been abetted and enabled by spineless, muddleheaded politicians on the moderate left