James Ferguson Illustration

Capitalism and democracy under strain

To maintain legitimacy, economic policy must seek to promote the interests of the many not the few

James Ferguson illustration depicting populism
©James Ferguson

Elites must respond to populist rage

Real income stagnation over a longer period than any since the war is a fundamental political fact

James Ferguson Illustration

An end to facile optimism on the future

Measured growth is lagging because invention and innovation has slowed

Why leaving will make most people unhappy

If access to the single market is retained, the UK would be subject to all relevant EU regulations

James Ferguson illustration

How Europe should respond to Brexit

Is the best way to preserve the bloc to make it a prison, rather than a desirable place of refuge?

Summer reading 2016: Economics

Martin Wolf picks his books of the year so far

What a Prime Minister Johnson should do next

He might forget the whole Brexit thing or, alternatively, call another referendum

Leaving will reconfigure the UK economy

Britain has prospered inside the EU but it will not do as well outside

The case for decriminalising drugs

Heroin and crack cocaine do most damage through their contribution to crime

Ferguson Illustration

I believe Britain belongs in Europe

The democratic EU of today owes immeasurably to British politics, values and courage

Brexit imperils confidence of strangers

The uncertainty caused by a vote to leave the EU might trigger a sharp turnround in capital flows

Unilateral free trade is a risky fantasy

The EU’s regulatory harmonisation is not a perfidious plot against consumers

Painful choices still hang over Greece

The IMF now acknowledges that the programme agreed in 2010 was wildly unrealistic

Central banks as last-gasp pawnbrokers

Lord King offers a novel alternative to the alchemy of banking

Self-inflicted dangers of EU referendum

Cameron might soon be known as the man who left the UK in far-from-splendid isolation

Central banks’ risky radical treatments

Extreme monetary policy can have unintended consequences

How to defeat rightwing populism

There is a widespread belief that the system is being exploited by disreputable insiders

Retail therapy will not cure China’s ills

Slowing emerging market economies pose serious problems for luxury brands

Elites are to blame for the rise of Trump

A healthy republic requires a degree of mutual sympathy rather than equality

Brexit risks access to markets

We could still have free movement of people and the EU’s rules but the City would suffer


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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