Confounded by off-shoring and technology—as high-tech increases productivity, but replaces labour—macro-management does not produce job growth.

BY Ashok Bardhan 13 March 2014

If the proximate cause is the "laissez faire" to "laissez financer" progression in free-market idolatry, leading to bubbles in asset prices and the subsequent crash, then the facilitating condition was yet another quasi-bubble – a bubble in globaliza

BY Ashok Bardhan 5 May 2009

Ironical as it may seem, while the lax US policies are largely considered the prime reason for the global financial meltdown, and despite terrible mismanagement of US financial system, the US Treasury remains the safest place to keep the world's savi

BY Ashok Bardhan 16 December 2008

Growing American debt has consequences for both lenders and borrowers. Chinese institutions hold 10 percent of US Treasuries, but that may not give them the power to move US markets as often assumed

BY Ashok Bardhan 7 April 2008