This has been a year of great geopolitical anniversaries. We are at the 100th anniversary of the start of World War One, an event that more than any other shaped world history during the past century. We are at the 25th anniversary of the fall of the Berlin Wall, the opening chapter of the demise [...]

Read More, Comment & Share

NEW YORK – The year 2015 will be our generation’s greatest opportunity to move the world toward sustainable development. Three high-level negotiations between July and December can reshape the global development agenda, and give an important push to vital changes in the workings of the global economy. With United Nations Secretary-General Ban Ki-moon’s call to [...]

Read More, Comment & Share

Sir, Your editorial on the Keystone pipeline (November 25) seriously misconstrues the issues regarding Canada’s oil sands and the Keystone pipeline, albeit in a typical way. You state: “Long-term growth in global demand for oil, however, is very likely to make oil sands development profitable even if the crude has to be moved out of [...]

Read More, Comment & Share

November 26th, 2014

Sustainable Development Economics

PARIS – Two schools of thought tend to dominate today’s economic debates. According to free-market economists, governments should cut taxes, reduce regulations, reform labor laws, and then get out of the way to let consumers consume and producers create jobs. According to Keynesian economics, governments should boost total demand through quantitative easing and fiscal stimulus. [...]

Read More, Comment & Share

November 24th, 2014

China’s New Global Leadership

NEW YORK – The biggest economic news of the year came almost without notice: China has overtaken the United States as the world’s largest economy, according to the scorekeepers at the International Monetary Fund. And, while China’s geopolitical status is rising rapidly, alongside its economic might, the US continues to squander its global leadership, owing [...]

Read More, Comment & Share

Comment & Share

Pity the American people for imagining that they have just elected the new Congress. In a formal way, they of course have. The public did vote. But in a substantive way, it’s not true that they have chosen their government. This was the billionaires’ election, billionaires of both parties. And while the Republican and Democratic [...]

Read More, Comment & Share

October 24th, 2014

A New Macroeconomic Strategy

I am a macroeconomist, but I dissent from the profession’s two leading camps in the United States: the neo-Keynesians, who focus on boosting aggregate demand, and the supply-siders, who focus on cutting taxes. Both schools have tried and failed to overcome the high-income economies’ persistently weak performance in recent years. It is time for a [...]

Read More, Comment & Share

October 21st, 2014

We don’t need an Ebola czar

There is no case for an American Ebola czar, least of all another political “fixer” who has no expertise in public health. This is just another case of the Obama administration putting politics before substance, and cowering at the idiocy and vileness of the Republicans in Congress. We already have an enormously competent national Ebola [...]

Read More, Comment & Share

October 20th, 2014

France 24: The Interview

Watch here. Jeffrey D. Sachs is the director of the Earth Institute at Columbia University. He is also an economist and a special advisor to the UN Secretary-General Ban K-moon. Five years ago, in Copenhagen, member states failed to sign an agreement on limiting climate change. Jeffrey Sachs tells Marc Perelman that the UN Climate [...]

Read More, Comment & Share