The demise of Germany’s Social Democrats reflects the challenge for all liberal parties
The German elections on Sunday went pretty much according to the polls. Another victory for Chancellor Merkel. Much of the commentary has focussed on the success of the far-right Alternative fur Deutschland (AfD) party. One of its leading candidates eulogised the German armed forces during the Second World War – a topic even more sensitive […]
The UK could teach the Eurozone a thing or two about successful monetary unions
The Office for National Statistics (ONS) published last week some figures which show how a successful monetary union works in practice. It is not obvious at first sight, from the dry heading: “regional public sector finances”. The ONS collects information on the amounts of public spending and money raised in taxes across the regions of […]
Can Game Theory Help the Greeks?
Game theory is a big topic in academic economics. It is scarcely possible to graduate from a good university without exposure to its abstruse logic. So perhaps the Greek government, replete with economists, is using game theory to plan its tactics. Or is Chancellor Merkel herself being briefed with calculations carried out deep in a […]