Public finance is both a moral and a technical challenge

The UK faces a harsh choice, because the economy is roughly a sixth smaller than expected

James Ferguson illustration

Europe’s banks too feeble to spur growth

One doubts whether the capital in eurozone institutions is enough to drive the economy forward

James Ferguson illustration

Reform alone is no solution for eurozone

A policy that may work for Germany alone cannot work for an economy more than three times as big

Robert Chote, Chairman of the Office for Budget Responsibility, delivers his report during a press conference in central London this morning. Picture by Charlie Bibby/Financial Times (NPA Pool)
©Charlie Bibby

UK fiscal policy has no simple rules

Targeting a budget balance, while borrowing for infrastructure investment, is reasonable

James Ferguson illustration
©James Ferguson

World can do better than ‘new mediocre’

We must launch well-crafted reforms in both emerging and high-income economies

An extraordinary state of ‘managed depression’

In the eurozone, more action is needed if a widely shared and successful recovery is to be achieved

Ingram Pinn illustration

Trapped in a cycle of credit booms

The eurozone seems to be waiting for the Godot of global demand to float it off into debt sustainability

England and Scotland will never be equal

The search for formal symmetry is not just unnecessary, but unworkable

Ingram Pinn illustration
©Ingram Pinn

Inequality is such a drag on economies

Big divides in wealth and power have hollowed out republics before and could do so again

Even Beijing balks at price to pay for a reserve currency

Can China’s currency displace the dollar and should Beijing and the world want that?

Clean growth is a safe bet

With the right support from governments, a low-carbon future need not be one of perpetual misery

Deeper reform of housing finance is vital

The huge bet we have taken on leveraging up property has gone very badly wrong

Russia is our most dangerous neighbour

The west failed to offer the support needed, focusing rather on who would pay Soviet debt

The Yes shock awaiting the Scots

However amicably a divorce begins, that is rarely how it ends. Talks will be bitter and prolonged

Europe has to do whatever it takes

The new European Commission needs to take a stand for common sense and growth

The price of keeping the pound for Scots

Alternatives to the currency union exist and some might work well

Financial reform: Call to arms

Post-crisis efforts to bolster economies and create safer banks have only preserved a flawed system

Holdouts give vultures a bad name

Argentina’s creditors should try to protect themselves from the vagaries of American judges

Shareholders must embrace commitment

Nothing in economics is more important than how companies should be managed

Mental illness can no longer be ignored

Given the considerable economic costs to society, treatment would pay for itself


Martin Wolf Martin Wolf is chief economics commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 “for services to financial journalism”. Mr Wolf is an honorary fellow of Nuffield College, Oxford, honorary fellow of Corpus Christi College, Oxford University, an honorary fellow of the Oxford Institute for Economic Policy (Oxonia) and an honorary professor at the University of Nottingham.

He has been a forum fellow at the annual meeting of the World Economic Forum in Davos since 1999 and a member of its International Media Council since 2006. He was made a Doctor of Letters, honoris causa, by Nottingham University in July 2006. He was made a Doctor of Science (Economics) of London University, honoris causa, by the London School of Economics in December 2006. He was a member of the UK government's Independent Commission on Banking in 2010-2011. Martin's most recent publications are Why Globalization Works and Fixing Global Finance.

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