Rachel Reeves has promised that there will be “no return to austerity” at the Labour conference in Brighton, responding to critics who have compared her to previous Conservative governments. “We must ...

In 2021, the United States was confronted with a challenge that it hadn’t seen in decades: inflation. Working-class Americans ...

To understand the populist revolt against free trade and other pillars of mainstream economics—a revolt that U.S. President Donald Trump harnessed to his political ambitions with remarkable skill—one ...

The economic vultures of yesteryear are already scheming about how to head off the prospect of a better world when the pandemic ends. The EU negotiations could have gone another way. Nine of the group ...

Amid the brinksmanship about hitting the debt ceiling — the treasury’s ability to pay could run out in June — there are two very different views on the costs or benefits of reining in government ...

The failures of the neoliberal brand of capitalism — and capitalism as a system itself — were once again on display in the February 23 German elections. In a political vacuum, with mainstream parties ...

BUCHAREST, Romania (AP) — Thousands of protesters marched in Romania ’s capital on Wednesday, demanding higher wages, measures to curb inflation and tax reductions for workers as the government pushes ...

(AP) – Austerity has been the main prescription across Europe for dealing with the continent’s nearly 3-year-old debt crisis, brought on by too much government spending. But what does it mean for the ...

What’s in a word? Sometimes, I think, quite a lot. The use of a single word can amount to a subtle lie. Reading French newspapers, I’m struck by how often the word “austerity” appears to discuss ...

The global collapse of tax revenues was one of the major challenges that policymakers confronted during the Great Recession. The Bush and Obama administrations both responded to recessions early in ...

A decade ago, Alberto Alesina was one of the most influential economists in the world. His theory of “expansionary austerity”—the paradoxical notion that reducing public expenditure would lead to an ...