The majority of French voters rejected Marine Le Pen, the right-wing presidential candidate from the populist party Front National. Emmanuel Macron, the former economy minister under President François…
60 years ago in Rome, Germany, France, Italy, Belgium, the Netherlands and Luxembourg signed a treaty establishing both the European Economic Community and the European Atomic Energy Community. Following on…
The "Magic Square" (Magisches Viereck) is a concept many Germans learn about in school. It describes the four cornerstones of Germany's economy, enshrined in the 1967 Act to Promote Economic Stability and…
Economic truths can be cruel. In 1993, the University of Minnesota’s Joel Waldfogel published a famous article about the deadweight loss that occurs at Christmas. According to his analysis, billions are lost…
On 8 November 2016, 59 million US voters – just 30% of the electorate – selected Donald Trump as 45th President of the United States. Trump is a quintessential outsider, a real-estate magnate and reality…
A recent article in The Economist raised concerns about the disproportionate economic power wielded by giant global corporations. Earlier this year, in April, the US Council of Economic Advisers (CEA) published…
In 2012 Edvard Munch's "The Scream" was auctioned by Sotheby's for a record price of nearly 120 million dollars. The painting was sold using the English auction format, meaning the auction started with a low…
The day of decision is just around the corner. Currently, the odds are against a UK departure from the EU, at least for British bookies. Yet whatever the result of the vote, the Brexit referendum has cast a…
