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YOU WONT BELIEVE: 2 - You Need To See This

The Federal Union: how a group of 1940s economists dreamt of a European Union for the working classes

On the eve of the Second World War, three Oxbridge graduates joined forces in London and wrote a pamphlet calling for the union of Britain with other democracies to avert the coming conflict. They sent the short pamphlet, titled “Federal Union”, to more than 500 opinion-makers in Britain. The warm…

The Conversation

What’s the difference between fiscal and monetary policy?

This article is part two of The Conversation’s “Business Basics” series where we ask leading experts to discuss key concepts in business, economics and finance.

The Conversation

The Guardian view on globalisation’s discontent: it’s not right for poor countries to fund the rich

Editorial: Wealthy nations exploit their position as the world’s bankers to siphon off hundreds of billions from the needy

The Guardian - UK

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Talk of a soft landing for the global economy is premature – many dark scenarios are lurking

Big obstacles to rising living standards remain, from populism to protectionism, military conflict to the climate crisis, and China to Wall Street

The Guardian - UK

Tackling inequality vital for next century of growth, IMF head says

Kristalina Georgieva invokes John Maynard Keynes as she says fostering fairer economy would raise living standards ninefold

The Guardian - UK

William Blake was the emblem of Englishness – but his art was intrinsically European

The revered artist barely left London in his lifetime but, as a new exhibition shows, his work was part of a broader European art revolution

The Guardian - UK

Why is Labour still using the self-defeating, discredited ‘maxed out credit card’ analogy?

It is one thing to U-turn on a modest green transition programme. It is another to do so using mendacious Tory economic paradigms, says the economist Yanis Varoufakis

The Guardian - UK

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The world economy is in crisis again. If we look back 80 years, we might be able to fix it

The historic Bretton Woods summit shaped a golden era of growth. This year’s G20 could be our equivalent, says academic and economist Michael Jacobs

The Guardian - UK

Economists warn electing far-right Milei would spell ‘devastation’ for Argentina

More than 100 economists including Thomas Piketty and Jayati Ghosh publish open letter ahead of country’s 19 November election

The Guardian - US

OPINION - Rishi Sunak in conversation with Elon Musk went exactly as you'd expect

Artificial intelligence taking all of our jobs was perhaps not the headline Rishi Sunak was hoping for at the end of the two-day, AI Safety Summit at Bletchley Park. But once you invite Elon Musk onto the stage, you somewhat surrender your news cycle to his whims.

Evening Standard

A hotbed of English radicalism? Auden, Britten and the unsung glory of the Group Theatre

When they weren’t having screaming rows, the members of this overlooked 1930s collective changed the course of cultural history. Why isn’t it better known?

The Guardian - UK

Jamie Dimon says the next generation of employees will work 3.5 days a week and live to 100 years old

Jamie Dimon, CEO of JPMorgan Chase, says AI will allow people to work 3.5 day weeks in the future.

Fortune

‘You’re not getting any’ – the secret sexual signals in the Bloomsbury Group’s clothes

The Bloomsbury Group weren’t just artistic and sexual pioneers. They also sparked a sartorial revolution. We meet the author of Bring No Clothes, a revealing book about fashion’s queer trailblazers

The Guardian - UK

Morgan Stanley just compared the ‘bubble-like euphoria’ over A.I. to the investing manias of the past century. The lesson for investors: Don’t ‘rush in’

“History has shown that for multiyear themes…there is usually little need for investors to rush in,” analyst Edward Stanley said.

Fortune

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The Conversation

From Oppenheimer to Milton Friedman: how the Cold War battle of economic ideas shaped our world

Is Oppenheimer a movie for our time, reminding us of the tensions, dangers and conflicts of the old Cold War while a new one threatens to break out?

The Conversation

Interest rates: the case for cutting them permanently to zero

In 1937 the English economist Joan Robinson proposed that “when capitalism is rightly understood, the rate of interest will be set at zero and the major evils of capitalism will disappear”. John Maynard Keynes, who had taught Robinson, suggested something similar a year earlier in slightly more qualified and technical…

The Guardian - UK

Raghuram Rajan: the banker who warned of meltdown in 2005

The former governor of India’s central bank now steers a tricky course between supporting free markets and campaigning against unfettered risk-taking

The Guardian - UK

The Guardian view on pricing power: it’s about firms’ strength and profiteering

Editorial: For the first time since Covid, businesses are most to blame for the UK’s high inflation rates. But ministers are doing little about it

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Businessweek

The True Cost of an Extended US Debt-Ceiling Standoff

Recurring struggles over the borrowing limit undermine the status of the US as an economic superpower.

The Guardian - UK

AI will end the west’s weak productivity and low growth. But who exactly will benefit?

The clock is ticking on the development of policy to meet this huge societal challenge, says Larry Elliott, the Guardian’s economics editor

The Walrus

Will AI Actually Mean We’ll Be Able to Work Less?

The idea that tech will free us from drudgery is an attractive narrative, but history tells a different story

Reason

The Big Myth Is Full of Recycled Anti-Capitalist Cheap Shots

A new entrant in the anti-neoliberalism genre fails to land any blows.

The Guardian - UK

It is hard to admit being wrong. But Brexit voters are doing so in droves

Having been grossly misled in the referendum, Britons’ anger is mounting as the reality of our plight becomes clear

The Guardian - UK

Work less, live more: is it time to end the five-day week?

Research shows that working fewer hours can be far more productive. Richard Godwin clocks on to find out if it’s true

Tribune News Service

Editorial: The fiscal cliff looms; nothing to see here

The national debt is much like the weather. Everybody worries about the topic, but nobody wants to do anything about it.

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People

Luiz Inácio Lula da Silva

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Organisations

International Monetary Fund

University of Cambridge

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