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Blogs - Aug 2012

What Money Can Buy by Raghuram Rajan
Mon, 2012-08-13 11:01
In an interesting recent book, the Harvard philosopher Michael Sandel points to the range of things that money can buy in modern societies and gently tries to stoke our outrage at the market’s growing dominance. Is he right that we should be alarmed?

Living as a Financial Enclave: Banks and Sovereigns in the EU’s Eastern Periphery by Cornel Ban
Mon, 2012-08-27 11:58
Trapped in pro-cyclical macroeconomic programs and dependent on investment decisions made in Western Europe, the region’s immediate economic future looks indebted and closely tied to the fate of the euro, a realm of policy over which East European societies have no control.

Reflections on the curious contrast of public policies between Germany and the US: Real estate versus human capital by Joshua Aizenman, Ilan Noy
Mon, 2012-08-27 12:54
In the years leading up to the global crisis, the US focused on subsidising home ownership, whereas Germany placed much more emphasis on education and vocational training. While it is easy to think that this explains the subsequent performance of the two economies, this column provides some much needed economic analysis.

Are Americans better off than the Dutch? by Dani Rodrik
Wed, 2012-08-29 14:10
It turns out that the answer to the question depends very much on where in the income distribution we look at.

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