Posner, R., (2013), “Has Capitalism Revived/Survived?”, The Becker-Posner Blog, 16 September. Capitalism is the economic system in which the assets used to produce goods and services are privately owned, and the owners determine the price at which to sell those goods and services. Private markets, because they organize and direct production and consumption, are the basic institutions of a capitalist system. Government regulation of markets is (in capitalist theory) limited …Read More

Schäuble, W., (2013), “Ignore the doomsayers: Europe is being fixed”, Financial Times, 16 September. Τhe world should rejoice at the positive economic signals the eurozone is sending almost continuously these days. While the crisis continues to reverberate, the eurozone is clearly on the mend both structurally and cyclically. What is happening turns out to be pretty much what the proponents of Europe’s cool-headed crisis management predicted. The fiscal and structural …Read More

Buti, M. and Padoan, P.C., (2013), “How to make Europe’s incipient recovery durable: End policy uncertainty”, www.voxeu.org, 12 September. The Eurozone is recovering but the revival is fragile – ringed by downside risks. This column argues that three steps – reducing policy uncertainty, repairing the financial system, and creating new investment opportunities – are essential. They could switch the negative confidence-growth feedback loop into a positive one, thus paving the …Read More

Norman, L., (2013), “End to Crisis ‘Within Sight’ Says Barroso”, The Wall Street Journal, The Euro Crisis Blog, 11 September. Europe must move ahead on its banking union project to help the region exit an economic and debt crisis whose end is now “within sight,” the European Union’s top official said Wednesday. In his annual address to the European Parliament, European Commission President José Manuel Barroso said the region has “started …Read More