Thomas Piketty's Capital in the Twenty-First Century raises a host of interesting questions about inequality and capitalist development. But how are his findings related to other trends, such as the rising equality of incomes at the global level? What use are grand-historical research projects to economists? And what is the importance of his plea for a smarter and more ambitious tax state?
The history of sanctions during the last century shows that those sanctions that are forceful enough to change the course of political history for the better are also destructive enough to change the course of economic history for the worse. Given this mixed record, and the strong integration of Russia into the world economy, American and European leaders should be extremely cautious in the use of sanctions.
A series of previously unpublished intelligence reports casts a new light on the role of the Frankfurt School and its involvement in global power politics during World War II. What role did the critical theorists and political thinkers Herbert Marcuse, Franz Neumann and Otto Kirchheimer play in the birth of the American national security state?
A recent book by Chris Hayes, Twilight of the Elites, argues that the dysfunction of the meritocratic system is causing an increasing number of elite failures in the United States. What can European elites learn from his argument about the adaptability of institutions? Moreover, what shape should reform on both sides of the Atlantic take?
The political repercussions of the proposed Justice and Security Bill rocked the Liberal Democrats’ spring conference in Brighton this weekend. Civil rights campaigner Jo Shaw resigned after renouncing her support for Nick Clegg.