People celebrate at Plaza Italia square after a national referendum vote in Santiago, Chile, on Sunday. Photograph: Cristobal Olivares/Bloomberg

Voters in Chile have approved by an overwhelming majority a proposal to ditch the country’s Pinochet-era constitution in favour of a new charter to be(...)

Popular resistance to a repetition of the public spending cuts that came after the financial crisis will be intense. Photograph: Nick Bradshaw

The pandemic has been likened to a war, though one against a disease, not other humans. Like a war, it is reshaping economies and demanding huge incre(...)

So what should we do?  The Central Bank of Ireland should print money and deposit free cash into every citizen’s account and every business account. Photograph: Tom Honan

We are in a crisis. The health panic will be followed by an economic panic. People will stop going out, stop shopping and dramatically reduce spending(...)

Milton Friedman used the analogy of dropping bank notes from a helicopter  to illustrate how creating money and distributing it to people would be a more straightforward means of boosting consumption. Photograph: Getty Images

Picture a world in which the European Central Bank (ECB) gives Ireland enough money to house every homeless family in the State, or to fund a new chil(...)

Ivanka Trump, senior adviser to US president Donald Trump and Wilbur Ross, US commerce secretary, at Davos.

Trade tensions, climate change, rising populism and questions about the future of capitalism are all weighing on the outlook for global business, acco(...)

BlackRock founder Larry Fink said companies must ‘demonstrate their commitment to the countries, regions, and communities where they operate’ and that ‘purpose is not the sole pursuit of profits’.  Photograph: Michael Cohen/Getty Images

For decades, American companies took it as read that their purpose was simple: to make as much money as possible for their shareholders. That has now(...)

Rutger Bregman argues for a 15-hour working week, a world without borders and a basic salary for every citizen. Photograph: Roberto Ricciuti/Getty Images

First, Rutger Bregman came for the globalists. In late January at Davos, the Swiss resort where the world’s political and financial elites gather eac(...)

 Les Reilly, the owner of Reilly’s Daybreak Store in the Naul, north county Dublin celebrates pictured with staff and customers after selling the winning €175 million EuroMillions ticket as David Woods (left) area rep with the National Lottery sprays the champagne. Photograph: Mac Innes Photography

Why people buy lottery tickets has long been argued over by economists. More recent economic theories give fascinating insights into why people play, (...)

Paul M Romer who, along with William D Nordhaus, has won the Nobel Prize for including long-term thinking on climate issues and technological innovation in economic research

William D Nordhaus of Yale University and Paul M Romer of New York University’s Stern School of Business have been awarded the 2018 Nobel Prize in Ec(...)

A Nike Ad featuring American football quarterback Colin Kaepernick on display in New York last month. Photograph: Angela Weiss/AFP

Billions of dollars were briefly wiped off Nike’s share price after the sportswear giant announced controversial American footballer Colin Kaepernick (...)

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