The consequence of bad economics
The crash is testimony to the failure of leaders in affected countries. Most fundamentally to blame is their unwillingness to see what markets need in order to produce good outcomes for society
The credit crunch has destroyed faith in the free market ideology that has dominated Western economic thinking for a generation. But what can – and should – replace it? Over the coming weeks we will conduct a wide-ranging debate on this dominant political issue of the day. – Mar 5 2009
The Future of Capitalism: With lavish executive pay, inadequate boardroom expertise and a short-term shareholder focus all blamed for bringing about the crisis, Anglo-Saxon business approaches are likely to face wrenching changes – Mar 12 2009
The Future of Capitalism: What might we imagine the four great political economists – Adam Smith, Karl Marx, Joseph Schumpeter and John Maynard Keynes – would say about our present economic crisis? Paul Kennedy urges US president Barack Obama and his fellow leaders to study their writings – Mar 12 2009
The Future of Capitalism: By intervening to rebalance incomes as well as prop up America’s economy, Barack Obama aims to make the crisis the beginning of a new era of progressive politics – Mar 11 2009
Economics is convulsing European politics, but the spasm of unrest was hardly expected when the crisis broke in 2007 – Mar 11 2009
Interactive feature: Tackling the credit crisis is a daunting challenge. It will require impressive political leadership as well as concerted international cooperation. In this graphic we explore what connects the 50 people likely to be most influential in shaping the debate about the future of capitalism
The crash is testimony to the failure of leaders in affected countries. Most fundamentally to blame is their unwillingness to see what markets need in order to produce good outcomes for society
If spats over minutiae were to stand in the way of a deal, the verdict of history would be damning. Electorates are unlikely to be more forgiving. The task now is simple: end this brutal recession
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