Keynesians

From 2004 to 2020

It is nice - and unfortunately rare - to see so much praise for Greece in the international media as we are seeing right now over the country's response to the coronavirus crisis.

The most recent such plaudits came from Nobel Laureate Paul Krugman, who mentioned Greece as an example of a country that has successfully dealt with this new threat.

Jeffrey Sachs: ‘The key right now is to fight the epidemic’

Jeffrey Sachs is an eminent American economist and professor of sustainable development at Columbia University's School of International and Public Affairs. He had for many years been director of Columbia's Earth Institute, while he's served as special adviser for sustainable development to the last three secretary-generals of the United Nations.

Editorial: From the ‘Chicago boys’ to the ‘Texas boys’

Ta Nea on 9 November published an interview with American economist and Nobel Prize winner Joseph Stiglitz in which he essentially admitted that he and a team of his colleagues from the University of Texas in 2015 were working on a plan for Greece to return to the drachma and leave the eurozone.

He viewed this prospect as an attractive solution for Greece's economic problems.

Jeffrey Sachs to give lecture at Cyprus Institute

World-renowned professor of economics Jeffrey Sachs is in Cyprus to deliver the 2019 Hubert Curien Memorial Lecture at the Cyprus Institute. The lecture starts at 6.30 p.m. and live streaming will be available on the Cyprus Institute's YouTube channel. The title of the lecture is "Eudaimonia in the 21st Century: Looking to Aristotle for New Solutions."

German expert says 'many mistakes' were made with Greek crisis

Peter Bofinger, one of the five members of the German Council of Economic Experts, commented last week on state German radio station DLF about the handling of the Greek crisis that "many mistakes" have been made since 2008.

The European Central Bank, he said, "realized too late how serious the crisis was."

An example from Turkey for future capitalism

According to the World Economic Forum, the global economy is more than five times larger than it was half a century ago.

Global per capita GDP has more than doubled over the same period. The World Bank estimates that the share of the global population living in extreme poverty has fallen below 10 percent for the first time ever.