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Please steal our fossil fuels

With just days left to go, 2014 seems certain to be the warmest year on record, or at least the runner-up. International agreement on robust action to limit global warming remains inadequate: the just ...More

EJ Insight2014-12-29

Why ocean temperatures are rising

For the last quarter of the 20th century, the average temperature at the surface of the earth edged inexorably upward. Then, to the surprise even of scientists, it stopped. The concentration of carbon ...More

EJ Insight2014-12-22

Oil slide offers opportunity for carbon tax reform

The sharp drop in the price of crude oil since late June has been grabbing headlines worldwide – and producing a lot of contradictory explanations. Some attribute the fall largely to declining global ...More

EJ Insight2014-12-17

Why we should divest from fossil fuel

Sometimes, the best measure of a movement’s momentum is the reaction of its critics. When, in early October, the Australian National University (ANU) announced it would sell its shares in seven fossil ...More

EJ Insight2014-12-16

Stronger regulation good for citizens and economy

When India’s prime minister, Narendra Modi, was on the campaign trail, he promised to improve the way the country is governed. Since taking office in May, he has strived to deliver. Recently, he decla ...More

EJ Insight2014-12-15

The multispeed global economy

In the coming year, “divergence” will be a major global economic theme, applying to economic trends, policies and performance. As the year progresses, these divergences will become increasingly diffic ...More

EJ Insight2014-12-09

Can Japan reboot?

Japanese Prime Minister Shinzo Abe’s recent policy decisions -- increase monetary stimulus dramatically, postpone a consumption-tax increase and call a snap election in mid-December -- have returned h ...More

EJ Insight2014-12-08

Misconceptions about Putin

Russian President Vladimir Putin’s policy toward his country’s “near abroad” and the West has been badly misunderstood. Instead of focusing on broader geopolitical patterns – in particular, the effect ...More

EJ Insight2014-12-03

How conflict resources are funding rights abuses

"That diamond upon your finger, say how came it yours?” asks Shakespeare’s Cymbeline. “Thou’lt torture me,” responds the villainous Iachimo, “to leave unspoken that which, to be spoke, would torture t ...More

EJ Insight2014-12-02

Why the Fed is in need of sweeping reform

The United States Federal Reserve System is the world’s most important central bank. Its decisions about interest rates and financial regulation reverberate through global markets and affect millions ...More

EJ Insight2014-12-01

Sustainable development economics

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 ...More

EJ Insight2014-11-27

The drag on e-cigarettes

Michael Russell and Murray Jarvik, two pioneers of smoking-cessation research in the 1970s, would probably have welcomed the development of the electronic cigarette or "personal nicotine vaporizer" (P ...More

EJ Insight2014-11-27

More Ukraine dilemma: Mounting debt

Insecurity is haunting Ukraine – and not just geopolitical insecurity but economic insecurity as well. Output is in freefall. The country’s external deficit is exploding and borrowing costs have spik ...More

EJ Insight2014-11-26

How the internet is making inequality more visible than ever

The conclusion that America has become vastly more unequal over the past 35 years is beyond doubt. Since 1979, the pattern has been clear: The richer you were, the far richer you have become. And if y ...More

EJ Insight2014-11-26

Lessons to learn from Ebola crisis

The United States and Europe have grossly overreacted to a few isolated cases of the Ebola virus within their borders. These panicked responses are not just futile. By violating basic scientific princ ...More

EJ Insight2014-11-25

US yielding global leadership role to China

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 ...More

EJ Insight2014-11-24

Four things to make housing more affordable

Providing decent, affordable housing is a growing challenge in developing and developed economies alike. With demand far exceeding supply, the adverse effects – on mobility, productivity, and growth – ...More

EJ Insight2014-11-17

Why we need 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 cuttin ...More

EJ Insight2014-11-14

Are central bankers getting too much attention?

Why do the comments of major economies' central bankers command outsize attention nowadays? It is not as if they change interest rates all of the time. Nor have they developed new, more robust models ...More

EJ Insight2014-11-14

How Ebola is exposing an ailing US healthcare system

The Ebola crisis reminds us, once again, of the downside of globalization. Not only good things, such as principles of social justice and gender equality, cross borders more easily than ever before; s ...More

EJ Insight2014-11-13

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