The post-crisis data indicate that Italy is faring worse than the rest of Europe, except Germany. Moreover, the Italian economy entered a period of hardships and disappointing growth well before the mortgage crisis developed. This column argues that Italy cannot afford to postpone reforms if it wants to resume faster long-run growth.
“This interview with William Black in Barron’s is an articulate and reasonably detailed summary of our own view of the current crisis from an exceptionally well-informed and experienced source. The big question in our own mind is the depth of complicity and the motivations of the government, the media and major institutions in continuing to support this financial corruption through silence or participation. More»
The credit crunch offers the church an unprecedented opportunity. For the first time in a generation there is, within the political, regulatory and financial community, real interest in discussing the best principles upon which to base national and international business…
Goudzwaard is Professor Emeritus of Economics and Social Philosophy, at the Free University in Amsterdam and former member of the Dutch parliament. co-author of Hope in Troubled Times: A New Vision for Confronting Global Crises