Blog entries from: Project Syndicate RSS-Feed

Project Syndicate: Economics, finance, politics, and global affairs from the world's opinion page

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November 25 2014

From Project Syndicate RSS-Feed Tue Nov 25 2014, 11:50:04

Until the 1980s, about 70% of income went to labor income and 30% to capital income. But, since then, the share of income going to labor has declined in all rich countries, and research indicates that half of this decline is the result of cheaper information technology - allowing firms to replace workers with computers.

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From Project Syndicate RSS-Feed Tue Nov 25 2014, 10:30:09

Free-market and Keynesian approaches dominate today's economic debates. Yet neither approach is delivering good results, underscoring the need for a new Sustainable Development Economics, with governments promoting new types of investments.

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From Project Syndicate RSS-Feed Tue Nov 25 2014, 09:30:12

P.J. O'Rourke had a point when he argued that the best thing about living in the twenty-first century, rather than in some "golden age" of the past, is modern dentistry. At a time when the world is plagued by conflict and tragedy, healthy teeth are a reminder, however mundane, of economic progress and human happiness.

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From Project Syndicate RSS-Feed Tue Nov 25 2014, 08:30:10

Today, nearly every resident of a developed country can easily afford a smartphone, thereby gaining inexpensive access to a universe of human knowledge that, until a generation ago, only the richest could afford. Is it possible that conventional measures of inequality and income vastly underestimate just how good we have it?

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November 24 2014

From Project Syndicate RSS-Feed Mon Nov 24 2014, 12:30:10

The unexpected victory of Klaus Werner Iohannis in Romania's recent presidential election may well be as important a milestone for Romanian democracy as the 1989 revolution that led to the overthrow of Nicolae Ceaușescu. Then and now, Romanians had their limit - and their governments pushed them too far.

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From Project Syndicate RSS-Feed Mon Nov 24 2014, 12:00:13

It is easy to be skeptical about the kind of meetings that a small army of global and regional leaders swept through this month. But November's three summits - the APEC summit in Beijing, the East Asian Summit in Naypyidaw, and the G-20 meeting in Brisbane - should have the skeptics eating their words.

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From Project Syndicate RSS-Feed Mon Nov 24 2014, 11:30:11

The US Federal Reserve System is the world's most important central bank, issuing decisions that reverberate through global markets and affect millions of lives. Yet its governance structure is of another age - antiquated, increasingly problematic, and urgently in need of sensible reform.

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From Project Syndicate RSS-Feed Mon Nov 24 2014, 09:20:04

New nicotine-delivery systems like e-cigarettes are not just temporary aids for people attempting to quit smoking cigarettes; they could act as long-term alternatives to tobacco, making the virtual elimination of high-risk tobacco consumption a real possibility. So why are health authorities discouraging their use?

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From Project Syndicate RSS-Feed Mon Nov 24 2014, 08:30:09

In 2012, when a financial storm engulfed the eurozone, it was Germany that kept the European ship off the shoals of financial disaster. But Europe's anchor has become a brake, hindering forward movement.

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November 22 2014

From Project Syndicate RSS-Feed Sat Nov 22 2014, 11:49:59

In economic policy, as in most other areas, actions speak louder than words. By cutting its policy benchmark interest rates, the People's Bank of China has underscored the tactical focus of Chinese government's stabilization policy: it aims to set a floor of around 7% on GDP growth.

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