German chancellor Angela Merkel and German minister of finance Wolfgang Schaeuble. EPA/RAINER JENSEN

The US economy seems to be climbing out of the hole it entered during the financial crisis. Unfortunately Europe can’t say the same. Unemployment in t(...)

You can get a sense of the ideology at work in some of the documents produced by House Republicans under the leadership of Paul Ryan. Photograph: Aaron Bernstein/Reuters

America used to be a country that built for the future. Sometimes the government built directly: public projects, from the Erie canal to the interstat(...)

The Swedish Bankers’ Association last week said it would force homeowners to amortise all new mortgages worth more than 50 per cent of their properties, meaning that they won’t be able to take out mortgages above this level on an interest only basis.

Royal Bank of Scotland Group says lenders in Sweden have chosen the “worst” moment to tighten lending standards in Scandinavia’s biggest economy. A de(...)

New apartments in Liljeholmskajen, Stockholm, Sweden. Apartment prices jumped 8 per cent last year and have soared 38 per cent since late 2007 to a record, according to Svensk Maeklarstatistik, which compiles monthly data on Swedish home prices. photograph: photographer: casper hedberg/bloomberg

Johan and Alejandra are the kind of Swedes the International Monetary Fund has been warning about – piling up debt to keep up with an ever-rising prop(...)

The intense resistance by some to scientific findings on climate change is difficult to understand. Some climate change deniers present their case wit(...)

French connection: Thomas Piketty. Photograph: Ed Alcock/New York Times

Since its publication in English, in March, Thomas Piketty’s Capital in the Twenty-First Century has been hailed as the most important economics bo(...)

The real war on coal, or at least on coal workers, took place a generation ago, waged not by liberal environmentalists but by the coal industry itself. And coal workers lost. Photograph: Michaela Rehle/Reuters

There are three things we know about man-made global warming. First, the consequences will be terrible if we don’t take quick action to limit carbon e(...)

French economist and academic Thomas Piketty, poses in his book-lined office at the French School for Advanced Studies in the Social Sciences (EHESS), in Paris. Photograph: Charles Platiau/Reuters

French economist Thomas Piketty published a detailed 4,400-word defense of his best-selling book on income inequality against allegations that he reli(...)

French economist and academic Thomas Piketty, poses in his book-lined office at the French School for Advanced Studies in the Social Sciences  in Paris. Photograph: Charles Platiau/Reuters

Thomas Piketty, the French economist who wrote a best-selling book on inequality, has defended his work against criticism by the Financial Times of sh(...)

The advent of “big data” is a well-documented aspect of our digital age. But the abuse of statistics is also a well-known phenomenon; telling lies wit(...)