According to Alan Greenspan in Friday's Financial Times, the biggest threat to the world economy is a resurgence of inflation. That's right. While the rest of us worry about ever-increasing...

Also online this month is an exclusive interview by ASH Smyth with Dambisa Moyo, former employee of the World Bank and Goldman Sachs and author of Dead Aid: Why Aid Is Not Working and How There Is a...

We are witnessing an unprecedented outpouring of anger at our political and financial elite, writes MG Zimeta in her web exclusive, free to read online this week. Fueled by the drip-feed of news...

The credit crisis is producing some odd bedfellows. Take Tim Congdon, who is one of our more hair-shirted monetarists. Congdon has been one of the leading supporters (and intellectual authors, if...

“Most of what we have been doing in macro for the past 30 years has been spectacularly useless,” pronounced The Professor in his third and final lecture at the LSE last night, entitled: “The...

Inflation. There I’ve said it: the dirty word, that bad, bad thing all of us have been taught to fear. In his second lecture at LSE last night Paul Krugman was a bit circumspect—but, if you read...

My son says I’m a nerd. Maybe he’s right. When I heard that Paul Krugman, 2008 Nobel prize winner in economics, scourge of the Bush administration, op-ed writer for the New York Times, was...

This month's edition of Prospect contains a range of perspectives on the meaning of the Tiananmen anniversay (see here and here). For our archive selection this month however, we revisit another...

  In the end the Indian voter had the last laugh. In the last edition of Prospect I wrote an essay about the chances of Mayawati, a regional dalit politican in northern India, surprising...

Lou Jiwei, the head of China’s sovereign wealth fund, raised a chuckle last December when he called on the World Bank to guarantee investments in the US and Europe, just as it does in developing...