Still believing in GDP?

Published in Expansión

When the Greek philosopher Plato wrote the “Allegory of the Cave” 2,400 years ago, he was surely thinking about Keynesian economists (that is to say, nearly all economists): a group of men, chained to their convictions, confusing reality with the shadows that the light of real life projects on the wall of their own cave. …

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The European mess

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The European set-up of today, that is, the one represented by the Brussels-based bureaucratic mammoth, the unelected representatives of 500 million citizens, the nineteen sterile and increasingly pathetic anti-crisis summits and the sloppy political invention of the euro, that European organization is in deep trouble, shaken on top of its three unstable pillars: France, the …

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Austerity and reality

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Austerity is the latest buzzword. In the good old days it used to be regarded as a virtue; today it only seems to mean bitter difficulty, severity and harshness. It shouldn’t come as a surprise, then, that austerity has brought so much criticism with it: easy tasks attract far more volunteers than difficult ones. However, …

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