Political Economy

Courtesy Reuters

India's Prime Minister Narendra Modi at the World Economic Forum in Davos, Switzerland, January 2018.

Denis Balibouse / REUTERS

The Strange Triumph of Narendra Modi

Prime Minister Narendra Modi may still be popular with the Indian public as his government basks in the glow of a hugely successful re-election campaign. But the Indian economy is in the doldrums and if Modi can't turn it around, his political standing will also plummet.

Milan Vaishnav

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The Collapse of Venezuela

Explore the Anthology

Business Nov 4, 2019 Snapshot

The Strange Triumph of Narendra Modi

Prime Minister Narendra Modi may still be popular with the Indian public as his government basks in the glow of a hugely successful re-election campaign. But the...

Milan Vaishnav

Latin America Oct 22, 2019 Snapshot

The Resurrection of Cristina Fernández de Kirchner

Will Cristina Fernández de Kirchner resume control over Argentina?

Ricardo Kirschbaum

Cristina Fernández de Kirchner in Buenos Aires, Argentina, August 2019

Finance Oct 22, 2019 Snapshot

La resurrección de Cristina Fernández de Kirchner

¿Qué significa el regreso de Cristina Fernández de Kirchner a la política argentina?

Ricardo Kirschbaum

Cristina Fernández de Kirchner en Buenos Aires, agosto del 2019

Finance November/December 2019 Review Essay

The Virtue of Monopoly

The real problem in today’s stock markets is not the omnipresence of high-frequency traders but the growing fragmentation of the markets, which hurts the 99 percent.

Reviewed by Felix Salmon

Political Economy July/August 2019 Review Essay

How Should a Liberal Be?

William Bagehot, the nineteenth-century editor of The Economist and a leading representative of British liberalism, has much to teach his political heirs.

Reviewed by Sebastian Mallaby

Globalization May/June 2019 Review Essay

A World Safe for Capital

Stephen Wertheim reviews "Globalists: The End of Empire and the Birth of Neoliberalism" by Quinn Slobodian, the story of how a small set of neoliberal intellectuals in...

Reviewed by Stephen Wertheim

Globalization March/April 2019 Comment

The Broken Bargain

The postwar liberal order was a compromise designed to balance the needs of internationalism and national autonomy. In recent decades, however, that compromise has...

Jack Snyder

Meeting in the middle: Viktor Orban greets Angela Merkel in Budapest, February 2015.

Labor Jan 14, 2019 Review Essay

The Trouble With the “Working Hypothesis”

Oren Cass, domestic issues director for Mitt Romney's 2012 presidential campaign and a writer for National Review and other journals, has produced a conservative's...

Reviewed by James K. Galbraith

Political Economy Nov 2, 2018 Snapshot

Italy’s Dangerous Budget Showdown With Europe

Erik Jones explains the showdown between Italy and the EU over the Italian budget and its impact on the debt load. Brussels should stand its ground, even though the...

Erik Jones

Luigi di Maio, Matteo Salvini, and Giuseppe Conte after a press conference in Rome, October 2018.

Political Economy Oct 5, 2018 Snapshot

U.S. Wars Abroad Increase Inequality at Home

The United States' once raised taxes on the wealthy in times of war, now it heaps the costs of conflict onto the middle and lower classes through deficit spending.

Rosella Cappella Zielinski

Political Economy November/December 2018 Essay

The Next Arab Uprising

The fundamental bargain underpinning stability in Middle Eastern states is coming undone. Unless regional leaders move quickly to strike new bargains with their...

Marwan Muasher

Police detain a protester in Amman, Jordan, June 2018

Monetary Issues Jul 3, 2018 Snapshot

U.S. Deficits Are Hurting Emerging Markets

Why Argentina and Turkey Are Feeling the Pain

Brad Setser

A protest against the government's negotiations with the International Monetary Fund, Buenos Aires, Argentina, May 2018.

Finance May 24, 2018 Snapshot

Italy's Revolt Against the EU

Italy's new government is going to push back against any attempt by outside actors to force it to rein in its ambitions.

Erik Jones

Italian Prime Minister Giuseppe Conte in Rome, May 2018.

Monetary Issues Jan 11, 2018 Snapshot

How the Eurozone Might Split

For reasons of both long-term sustainability and short-term politics, the euro is not out of the woods yet.

Mark Blyth and Simon Tilford

Euro coins on display in Zenica, Bosnia and Herzegovina, June 2015.

Economics Dec 22, 2017 Snapshot

Trump and the Bond Market

Donald Trump’s election made investors justifiably nervous. But a mass exodus from the U.S. Treasuries market is unlikely.

Sandy Brian Hager

U.S. President Donald Trump and Treasury Secretary Steven Mnuchin at the Treasury Department in Washington, April 2017.

Finance Dec 6, 2017 Snapshot

Bring Politics Back to Monetary Policy

Decades of appeals to technocratic exceptionalism—the idea that monetary policy should be shielded from democratic oversight—have led to the very politicization of...

Jacqueline Best

Federal Reserve Chair Janet Yellen testifies at the Senate Banking, Housing, and Urban Affairs Committee, February 2014.

Political Economy Nov 20, 2017 Snapshot

How Conservatives Can Make Housing a Winning Issue

In the United Kingdom in the 1980s, government interventions in housing helped persuade a majority of voters to back the Conservatives.

Sahil Mahtani

British Prime Minister Margaret Thatcher points skyward as she receives standing ovation at a Conservative Party Conference on October 13, 1989.

Political Economy Nov 1, 2017 Snapshot

China Courts Iran

As the Trump administration works out the specifics of its strategy to contain Iran, China is looking for ways to bring Iran into the global system.

Alex Vatanka

Iranian Foreign Minister Javad Zarif (left) greets his Chinese counterpart, Wang Yi, in Beijing, December 2016.

Economics November/December 2017 Review Essay

How Should Governments Address Inequality?

How should politicians and policymakers respond to economic inequality? A new collection of essays offers some answers, but much work still needs to be done to turn...

Reviewed by Melissa S. Kearney

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The Collapse of Venezuela

The Strange Triumph of Narendra Modi

The Resurrection of Cristina Fernández de Kirchner

La resurrección de Cristina Fernández de Kirchner

The Virtue of Monopoly

How Should a Liberal Be?

A World Safe for Capital

The Broken Bargain

The Trouble With the “Working Hypothesis”

Italy’s Dangerous Budget Showdown With Europe

U.S. Wars Abroad Increase Inequality at Home

The Next Arab Uprising

U.S. Deficits Are Hurting Emerging Markets

Italy's Revolt Against the EU

How the Eurozone Might Split

Trump and the Bond Market

Bring Politics Back to Monetary Policy

How Conservatives Can Make Housing a Winning Issue

China Courts Iran

How Should Governments Address Inequality?

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