History, economics, politics, climate. Columbia University. Director of European Institute. Born UK, raised FRG, live US. Mensch mit Migrationshintergrund.
Chartbook #186 Solicitous dictatorship. The political economy of authoritarianism - Aly v. Tooze revisited.
“In some periods they explain practically all major events, and in most periods they explain a great deal … But even greater than the causal is the symptomatic significance of fiscal history. The spirit of the people, its cultural level, its social structure, the deeds its policy may prepare … all t
"An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From a prizewinning economic hi
This Valentines day, Americans gifted each other in the order of 58 million pounds of chocolate, much of it wrapped in 36 million heart-shaped boxes. It was a particularly busy period for the global chocolate industry, which in 2020 processed c. 5 million tons of cocoa beans into chocolate confectio
Chartbook #194 Can Beijing halt China's housing avalanche? The most important economic-policy question for 2023?
Source: FT Few things matter more for the world economy in 2023 than China’s fortunes. Not since the reform period began, have there been more serious question marks over the trajectory of China’s growth. The 2015-6 near-miss crisis, when the RMB depreciated and capital flooded out of China was a mo
Following a panel at Davos on deglobalisation and a flurry of comment about polycrisis, I picked up those themes in my monthly column for the FT. Thanks to my lovely editors, the piece was squeezed into the paper on Tuesday. In this newsletter I want to tease out some of the points buried in the com
After a year of political turmoil and financial embarrassment, Britain ends 2022 shaken. There is a new spate of talk about national decline. Once again the UK is falling behind. The outlook is uncertain. It is symptomatic that Perry Anderson chose already in 2020, to author yet another gigantic ess
The ski business worldwide. Source: Vail Do you ski? As a matter of lifestyle and recreational distinction, it is a question up there with “do you play golf?” or “do you play chess?”. Of course, if you are born in cold regions of the world, or in the mountains, the answer, regardless of social class
Newsflash: bank runs can actually happen in market economies and when they do, they do real economic damage. Yup! Economists proved this to their satisfaction in the ‘80s. Not the 1880s, but the 1980s. That was the moment when three intellectual pioneers found a way of fitting banks and bank failure
Chartbook #148: Life, liberty and the pursuit of happiness? How China, Cuba and Albania came to have higher life expectancy than the USA.
In August America’s Center for Disease Control (CDC) published a set of data that ought to have brought political, economic and social debate to a standstill. If there is one question that should surely dominate public policy debate, it is the question of life and death. What did the Declaration of
The assassination of Shinzō Abe looks to have been the act of a crazed loner. But the circumstances were not merely fortuitous. When he was shot, Abe was on the stump campaigning on two issues that defined his legacy for contemporary Japan. Abe was an unabashed nationalist and historical apologist.
What is the future of the dollar-based financial order in light of Russia’s invasion of Ukraine? Are we entering a new financial and economic regime? Will it be a regime of inflation? How safe are US Treasuries as a vehicle for investment? A lot of folks are struggling with these questions right now
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