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Solving the productivity puzzle
In recent days, there has been much “I told you so” in the air. The IMF has revised its forecast for growth in the UK, predicting that the British economy will grow more than it had expected in earlier...
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It’s all about wages
The FT is running this week a series of articles (here but behind a firewall) on European manufacturing and how it is surviving the crisis. In an article on French industry, it suggests that focusing...
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The Florange affair
As long-time observer of French politics Art Goldhammer has pointed out, there is little in the French government’s battle with the Indian steel magnate, Lakshmi Mittal, that makes sense. Uncertainty...
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The problem with Peugeot-Citroën
There are some classical components to the problems faced by one of France’s best-known car-makers, Peugeot-Citroën. An economic downturn has hit Peugeot-Citroën’s sales. Its dependence on car-buying...
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Looking for growth
We have often argued at The Current Moment that what is missing in both the US and Europe is a real plan about how to make these economies grow. The political right points to the need for tax cuts; the...
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Productivity, Inequality and Poverty Revisited
We would like to respond to some criticisms of last week’s post on productivity, inequality and poverty. One reader felt that the post confused two issues because “the dynamics that keep wages down...
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Productivity, Inequality, Poverty
Obama made waves two days ago when he asked public employees for “shared sacrifice and burden sharing,” on the grounds that they were somehow doing better off than private employees. Daily Kos showed...
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