Often cited, seldom read. Branko Milanovic finally reads the whole of Adam Smith’s The Wealth of Nations and reflects upon its meaning.
Read here
Branko Milanovic: The bitterness of Adam Smith
Finance
Jan Fichtner: The Cayman conundrum: why is one tiny archipelago the largest financial centre in Latin America and the Caribbean?
A good summary of the role of the Cayman Islands as a tax haven. Hopefully that will start to change in 2020 after the UK Parliament passed a law imposing public registers of beneficial ownership […]
EU politics
Ashoka Mody: Italy Needs to Wake Up and Fix Its Banks
The euro area’s most vulnerable economy is heading into a storm. Read here
Austerity
Yanis Varoufakis: Merkel’s Comeuppance is Europe’s – and the World’s – Misfortune
Yanis Varoufakis is right, he predicted the results of Germany’s austerity policy years ago. But the Germans, with their typical hubris, did not listen. They know better. If you are wondering why the EU’s political […]
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