Economic commentator Felix Salmon
Wolf eats the Salmon

Our bubbly economists may be on the march, but at least they’re not as uppity as some of their British cousins. The pages of the New York Times were t(...)

 People rally for  greater action against climate change during the People’s Climate March on Sunday, September 21st, in New York City. Photograph: Andrew Burton/Getty Images

The debate on action over climate change is stuck. Despite copious words and many international conferences, including a UN summit in New York this we(...)

Morning commuters walk past the Lehman Brothers headquarters in 2008.

Next Monday sees the sixth anniversary of the collapse of Lehman Brothers. That bankruptcy has been blamed for the Global Financial Crisis and the mel(...)

I admire the Bank for International Settlements. It takes courage to accuse its owners – the world’s main central banks – of incompetence. Yet this is(...)

Economist Pat McArdle, left, with Martin Wolf, Financial Times chief economics commentator,  at the Institute of International and European Affairs. Photograph: Brenda Fitzsimons

The performance of the European Central Bank since the onset of the economic crisis has been “completely appalling”, the chief economics commentator f(...)

The talk given yesterday at the Institute of International and European Affairs in Dublin by Financial Times commentator Martin Wolf was a sobering en(...)

A clerk at a branch of China Merchants Bank, in Hefei, Anhui: China will not have a financial meltdown, but reform and rebalancing are essential. Photograph: Reuters

Must China’s borrowing binge, like most others, end in tears? This is a hotly debated topic. On one side are those who predict a “Minsky moment(...)

Perhaps the biggest question of all concerns what is going to happen to China. Since 2008 its growth has become increasingly dependent on soaring credit. This cannot be sustainable. Photograph: Alex Lee/Reuters

The consensus view of the world economy has become more optimistic, for good reason. The high-income economies seem at last to be taking off; this is (...)

Ben Bernanke, soon to be ex-chairman of the US Federal Reserve, will surely be regarded as one of the Fed’s most significant chairmen. Photographer: Andrew Harrer/Bloomberg

In their patter song in The Pirates of Penzance, Gilbert and Sullivan satirised the notion of an educated “modern major-general”. Today they might sat(...)

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,(...)