An excerpt from a book on Karl Marx: Marx's 'Das Kapital' Lives On in Capitalist Age, NPR [Listen Now]: ...Excerpt: 'Marx's Das Kapital: A Biography' by Francis Wheen: Chapter 1: Gestation ... Marx's earliest ambitions were literary. As a law student at the University of Berlin he wrote a book...

The language of "growth diagnostics" and of "removing binding constraints" is becoming so commonplace in multilateral agencies and donor organizations these days that I sometimes wonder whether we have not unleashed something out to the real world before its time. The trouble is that what I see ...

More "Mud-Wrestling on African Aid": Moyo's confused attack on aid for Africa, by Jeffrey Sachs, voxeu.org: Ms. Dambisa Moyo's recent Huffington Post article exposes the confusions that underlie her slashing attacks on aid. Most importantly, she seems to believe that sub-Saharan Africa was e...

This is an article in Dutch about the Globalization Paradox and my views on the eurozone crisis. The picture is horrible, but I am told the writeup is pretty good.

I spent a few short days in Latvia last week. My meetings centered on industrial policy, which Latvia is serious about – quite interestingly for a country that is often viewed as a hotbed of conservative economics. But my time there also gave me an opportunity to reflect on the country’s much di...

My new Project Syndicate column deals with the age-old battle between the liberal and mercantilist models of capitalism. While liberalism has won the intellectual fight, the real-world battle is still on, and is likely to shape the future of the world economy. [I]t is more accurate to think of...

For a lot of questions, comparisons of per-capita GDP yield the correct answer to a first-order of approximation. For example, are Americans richer than the Chinese? A comparison of GDPs per capita, adjusted for PPP differences, yields an unambiguous answer in favor of the U.S. Yes, income may...