Reflections on Progress: Essays on the Global Political Economy

Title Page......Page 2
Copyright......Page 3
Contents......Page 4
Preface......Page 6
Part I. Global Economics......Page 10
Global Imbalances and Domestic Inequality......Page 13
A World of Convergence......Page 16
Austere Growth?......Page 19
Should Central Banks Target Employment?......Page 22
The Great Disconnect......Page 25
The End of Convergence?......Page 28
Northern Europe’s Drag on the World Economy......Page 31
Catching Up at Different Speeds......Page 34
Tailspin or Turbulence?......Page 37
The Future of Economic Progress......Page 40
The Oil Price Opportunity......Page 43
Can Trade Agreements Stop Currency Manipulation?......Page 46
Is Uber a Threat to Democracy?......Page 49
Part II. The Social Contract, Public Policy, and Inequality......Page 52
The Inequality Trap......Page 55
What Role for the State?......Page 58
The Centrists Cannot Hold......Page 61
Economic Policy’s Narrative Imperative......Page 64
Balancing the Technocrats......Page 67
The Next Social Contract......Page 70
The Great War and Global Governance......Page 73
Good Governance and Economic Performance......Page 76
The Great Income Divide......Page 79
A Great Breakdown?......Page 81
Publicly Funded Inequality......Page 84
The Paradox of Identity Politics......Page 87
A New Birth for Social Democracy?......Page 90
Restoring Yesterday’s Hope for Tomorrow’s World......Page 93
Part III. Europe: Beyond Crisis Management......Page 96
The Global Future of Europe’s Crisis......Page 100
Rebalancing the Eurozone......Page 103
Mario Draghi’s Guns of August......Page 106
Europe’s Vital French Connection......Page 109
Back to the Brink for the Eurozone?......Page 112
David Cameron’s European Spaghetti Bowl......Page 115
The European Consequences of Germany’s Election......Page 118
Europe’s Political Transcendence......Page 120
Democracy in Europe......Page 123
Revamping Europe’s Tattered Social Contract......Page 125
Europe’s Franco-German Dream Team......Page 128
Still No Exit for Greece......Page 131
Fiscal Austerity versus European Society......Page 134
E Pluribus Europe?......Page 137
Two Europes in One......Page 140
Notes......Page 143
Index......Page 149