To the extent modern monetary theory is true, it is unoriginal; to the extent it is original, it is false

Smaller countries should band together to sustain multilateral free trade

Trade often occurs within supply chains, where reliability and control is vital

Some fear the fire of inflation; others the ice of deflation

The picture is one of weak growth and pervasive populist politics

It is the economy, not education, that really determines life chances

Ten ways to build an alternative to the siren song of the strongman

People want to believe a powerful and charismatic leader is on their side in an unjust world

If treachery becomes part of the debate, there can only be total victory or total defeat

What counts is implementation not innovation, and here the Chinese have big advantages

President’s ambitions rely on avoiding ‘middle-income trap’ and placating a more demanding populace

The withdrawal agreement does not command the needed support in parliament or country

But significant doubts linger about President Xi Jinping’s commitment to private enterprise

The UK is a large minnow, but still a minnow, in a very big lake

A bolder and more flexible leader would have stuck to the idea of a long extension

As time passes, regulation degrades and risks rise

It has made secular stagnation worse. Fiscal alternatives look a safer bet

A ‘destination-based’ corporate taxation system has a great deal going for it

Central bank should act to prevent the eurozone from slipping into another recession

If democracy means anything, it means a country’s right to change its mind

British farm policy should not prioritise protecting agriculture over cheap food