The rise of “Trumpism” would be a potential cause of geopolitical upheaval and conflict. Photograph: Reuters/Brian Snyder

There is a great deal of ruin in a nation. Thus did the wise Adam Smith rebuke a correspondent’s worry that ruin was bound to follow reversals in the (...)

The word ‘entrepreneur’ grew during the 1990s especially in the tech sector

Have we reached peak entrepreneur? Not entrepreneur in the sense of hugely successful people with business acumen and creativity and – oh, alright, I’(...)

Jean Tirole:  won the 2014 Nobel prize in economic science. Photograph: Toulouse School of Economics via The New York Times

The announcement last week that the Nobel prize for economics was going to Toulouse professor Jean Tirole led to a flurry of essays and articles discu(...)

General Motors Corp headquarters  in the background of a  Detroit street. Photograph: Paul Sancya/AP

When Detroit declared bankruptcy, or at least tried to – the legal situation has gotten complicated – I know that I wasn’t the only economist to have (...)