Institutionelle und evolutorische Ökonomik

Nancy Fraser starts out by introducing the multidmiensional cirises of the 21st century. Three dimensions are especially alarming to her: the ecological, the financial and social aspects of the crisis. Fraser then revives the ideas of Karl Polanyi, which he first presented in his 1944 book "The great transformation". She …

The world is coping with a global disaster, as the new Coronavirus takes a toll on many lost lives and a severe impact on economic activity. To provide a long-run perspective, this column documents the international response to a variety of disasters since 1790. Based on a new comprehensive database on loans extended by governments and central banks, official (sovereign-to-sovereign) international lending is much larger than generally known. Official lending spikes in times of global turmoil, such as wars, financial crises or natural disasters. Indeed, in these periods, official capital flows have repeatedly surpassed total private capital flows in the past two centuries. Wars, in particular, were accompanied by large surges in the volume of official cross-border lending.

Planet Money and The Indicator aim to explain current economic events in an easy, fun and accessible manner.

Yao Graham, coordinator of Third World Network- Africa, reflects on lessons learned from past Economic Partnership Agreements (EPAs), specifically as they relate to the Post-Cotonou Agreement.