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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 associate member of the governing body of Nuffield College, Oxford, honorary fellow of Corpus Christi College, Oxford University, an honorary fellow of the Oxford Institute for Economic Policy (Oxonia) and a special 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.

Mr Wolf was joint winner of the Wincott Foundation senior prize for excellence in financial journalism for 1989 and 1997. He won the RTZ David Watt memorial prize for 1994, the “Accenture Decade of Excellence” at the Business Journalist of the Year Awards of 2003 and the Newspaper Feature of the Year Award at the Workworld Media Awards 2003. On December 1 2005 he was given First Magazine’s “Special Advocacy Award” at its annual “Award for Responsible Capitalism”. In January 2008, he won the AMEC Lifetime achievement Award at the Workworld Media Awards for 2007. He came second equal in the Royal Statistical Society’s awards for statistical excellence in journalism for 2008, in the category for print and online journalism. He won the “Commentator of the Year” award at the Business Journalist of the Year Awards of 2008. He was also placed among the world’s 100 leading public policy intellectuals by the British magazine Prospect and the US magazine, Foreign Policy in May 2008. He won the Ludwig Erhard Prize in 2009. He won the “Commentariat of the Year” prize at the inaugural UK Comment Awards in October 2009.

His most recent publications are Why Globalization Works (Yale University Press, 2004) and Fixing Global Finance (Johns Hopkins University Press, 2008 and Yale University Press, 2009).

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Tax the windfall banking bonuses

The case for generous subventions to banks is to restore the financial system to health. It is not to enrich bankers, particularly not those engaged in the sorts of trading that destroyed the system in the first place, writes Martin Wolf

Grim truths Obama should have told Hu

Obama should have made clear the need for China to revalue its currency and rebalance the global economy when he met Hu Jintao, writes Martin Wolf. He could reasonably threaten punitive action, such is the need for change

Victory in the cold war was a start as well as an ending

Has capitalism failed, as communism did? No. Some transition countries are in crisis; but transition itself is not. Liberal democracies and market economies can reform and adapt. They have shown these qualities before. They must do so again, writes Martin Wolf

Time for a debate on immigration

Diversity brings social benefits, but also costs, arising from declining trust and erosion of a sense of shared values, writes Martin Wolf

Private behaviour will shape our path to fiscal stability

It is idiotic to discuss the reduction of the huge fiscal deficits, without considering the nature of the offsetting adjustments in the private and external sectors. Some adjustments would be desirable, but others would be extremely perilous, writes Martin Wolf

How mistaken ideas helped to bring the economy down

The era when central banks could target inflation and assume that what was happening in asset and credit markets was no concern of theirs is over. Not only can asset prices be valued; they have to be, writes Martin Wolf

Why curbing finance is hard to do

There is a way of making finance safe: deposits would be 100 per cent reserve backed; and the liabilities of other investment vehicles would be adjusted for the market value of their assets at all times. Banking would disappear, writes Martin Wolf

How to manage the gigantic financial cuckoo in our nest

This recovery has been no accident. When central bank money is almost free, prices of risky assets are recovering, competitors have disappeared or are weakened, making money is a relatively simple matter for the strong survivors, argues Martin Wolf

The rumours of the dollar’s death are much exaggerated

Recent figures have proved that the dollar’s fall is a symptom of success, not of failure. All the same, the dollar-based global monetary system is defective. It would be good to start building alternative arrangements, writes Martin Wolf

Britain’s phoney debate on slashing spending

The UK deficit will hit 11.6% this year while the US’s reaches 12.5%, writes Martin Wolf. The transatlantic cousins are now the terrible fiscal twins. Tightening is needed, but it must not come too soon.

Finding a route to recovery and reform gets tough now

Why narrow banking alone is not the finance solution

This time will never be different

Why Cable’s mansions tax is right

Why China must do more to rebalance its economy

Do not learn wrong lessons from Lehman’s fall

Wheel of fortune turns as China outdoes west

Turner is asking the right questions on finance

Why it is still too early to start withdrawing stimulus

Adapting to Britain’s mediocre prospects

After the storm comes a hard climb

What India must do if it is to be an affluent country

Much ado about central bankers

The cautious approach to fixing banks will not work

Reform of regulation has to start by altering incentives

Why honesty is the best fiscal policy

The recession tracks the Great Depression

It is in Beijing’s interests to lend Geithner a hand

End Britain’s phoney fiscal war

Rising government bond rates prove policy works

Feeble domestic demand is a chronic European ailment

Why Britain has to curb finance

This crisis is a moment, but is it a defining one?

Obama’s conservatism may not prove good enough

Tackling Britain’s fiscal debacle

Central banks must target more than just inflation

Fixing bankrupt systems is just the beginning

Is the UK once again the economic sick man?

A chancellor flying on a wing and a prayer

Why the ‘green shoots’ of recovery could yet wither

Is America the new Russia?

What the G2 must discuss now the G20 is over

Credibility is key to policy success

Why G20 leaders will fail to deal with the big challenge

Successful bank rescue still far away

Why the Turner report is a watershed for finance

Why saving the world economy should be affordable

Why the G20 must focus on sustaining demand

Big risks for the insurer of last resort

To nationalise or not – that is the question