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Joseph Schumpeter

Secular Stagnation: A Working Pair of Scissors Needs Two Blades

Otaviano Canuto's picture
The role of asset bubbles as an unsustainable pillar of pre-2007 world economic growth has been widely recognized. Simultaneously, analysts worry that a secular stagnation, though momentarily offset by asset bubbles, may have been already at play in major advanced economies, leading to the ongoing sluggish and feeble recovery.

Voted, Vanished, Vanquished

Sina Odugbemi's picture

Photo Credit: Arne HoelWhat is the basis of the claim that 'People, Spaces and Deliberation' are central to how you achieve good and accountable governance durably? One way of buttressing is to step back and reflect on two competing interpretations of governance, really, politics. The first interpretation of governance or politics is that it is purely and simply the business of the elite.