Good example: Khadija Niazi at Davos – the 12-year-old from Pakistan became the youngest person ever to complete Udacity’s online physics course, passing with highest distinction

By the year 2020, one-third of all graduates worldwide will be from China and India, according to Emma Birchall, head researcher at the UK-based Futur(...)

German finance minister Wolfgang Schauble: dismissed suggestions Berlin had come under pressure to shift its economic course as “spin doctoring”.

German finance minister Wolfgang Schauble put on a brave face at the end of IMF meetings in Washington this weekend, dismissing suggestions Berlin ha(...)

While rising house prices might make us feel more financially secure, for the most part this seeming rise in wealth has zero impact on the economy as a whole.

Economics is full of paradox and stuff that many of us find counter-intuitive. House prices are a prime example. An individual will always and (...)

ECB president Mario Draghi speaking during a panel session on the third day of the World Economic Forum in Davos yesterday. Photograph; Laurent Gillieron/EPA

European Central Bank president Mario Draghi told global leaders in Davos yesterday he favoured an “accelerated time line” in breaking the link betwee(...)

The financial district of Pudong in Shanghai. “Foreign reserves being accumulated by China, Japan and many emerging economies have also slowed to a trickle. This is all very good news.” Photograph:  Carlos Barria/Reuters

Understandably, it is fashionable to be pessimistic. We have just lived through a financial and economic crisis that was, for some countries at least,(...)

Sometimes it takes only a few minutes to change the way we think about things. A month ago, Larry Summers spent about ten minutes at an IMF researc(...)

Lawrence  Summers, former US treasury secretary, gestures as he arrives to a panel discussion  at the International Monetary Fund (IMF) in Washington, DC. Photograph: Andrew Harrer/Bloomberg
Here’s to a bubbly future
  • World
  • November 21, 2013, 01:00

The view expressed by former US treasury secretary Larry Summers (right) that the West could be facing into an extended period of dismal growth levels(...)

Lawrence “Larry” Summers, former U.S. treasury secretary, listens at a panel discussion during the Jacques Polak Annual Research Conference at the International Monetary Fund (IMF) in Washington. Photograph: Andrew Harrer/Bloomberg

The economics blogosphere has been abuzz over the past week, following a recent speech made by Larry Summers to the IMF. The ex-US treasury secretary,(...)

Senator Elizabeth Warren: the former Harvard professor of bankruptcy law   ticks many boxes for presidential material among Democrats who fear  Hillary Clinton’s centrist economic stance and cosiness with Wall Street.   Photograph:  Joshua Roberts/Reuters

There is a popular video on YouTube, viewed more than one million times, showing a group of hapless financial regulators squirming under questioning b(...)

Rising global inequality may not just be a cyclical phenomenon; something structural could be going on. The rise of the 1 per cent might be a function(...)