• Bob Hancké and Laurenz Mathei

PEACS reads

Monday, 28/06/21


The world of work post Covid-19

John Naughton in the Observer on changes in work patterns, echoing some of the ideas in our October 2020 Dossier. Work will change but many employers have yet to see how and why. Memo to corporate leaders post-Covid: the disruption to businesses has only just begun: https://www.theguardian.com/commentisfree/2021/jun/26/memo-to-corporate-leaders-post-covid-the-disruption-to-businesses-has-only-just-begun



The new flow of gold: Data

However, whatever tech commentators tell you, data isn’t oil: it’s people’s lives https://www.theguardian.com/commentisfree/2021/may/29/data-oil-metaphor-tech-companies-surveillance-capitalism



Covid-19: Methodologies to unpack the pandemic's origin and analyse its spread

Caltech's David Baltimore discusses the debate over origins of SARS-CoV-2 - Bulletin of the Atomic Scientists

https://thebulletin.org/2021/06/caltechs-david-baltimore-discusses-the-debate-over-origins-of-sars-cov-2/?utm_source=Newsletter&utm_medium=Email&utm_campaign=ThursdayNewsletter06242021&utm_content=DisruptiveTechnologies_Baltimore_06232021


An interesting article on why natural selection and politics have combined to produce the perverse outcome of a fast-growing delta Covid-19 variant.

https://theconversation.com/covid-did-a-delayed-second-dose-give-the-delta-variant-an-evolutionary-helping-hand-162359?utm_medium=email&utm_campaign=Latest%20from%20The%20Conversation%20for%20June%2014%202021%20-%201973419358&utm_content=Latest%20from%20The%20Conversation%20for%20June%2014%202021%20-%201973419358+CID_fa5c54d4c1fbc7ec677362bdc7d72121&utm_source=campaign_monitor_uk&utm_term=COVID%20did%20a%20delayed%20second%20dose%20give%20the%20delta%20variant%20an%20evolutionary%20helping%20hand


The political economy of electric vehicles

The international political economy of rare earth. Fascinating… and a bit scary. https://www.euractiv.com/section/circular-economy/news/rare-earth-metals-at-the-heart-of-chinas-rivalry-with-us-europe/?utm_source=piano&utm_medium=email&utm_campaign=9707&pnespid=k_d3pfJAFxSN5lOdyZ18c1lKCxE7FBkF8eSBGEpryg


There still is no free lunch. Even if we find technical solutions, we still need serious work on the governance of cleaning up our environment. The rush to ‘go electric’ comes with a hidden cost: destructive lithium mining: https://www.theguardian.com/commentisfree/2021/jun/14/electric-cost-lithium-mining-decarbonasation-salt-flats-chile?CMP=Share_iOSApp_Other



Friday, 28/05/21


No trade deal for the Swiss

After seven years of negotiations, the Swiss have stopped official FTA negotiations with the EU. The reason? Access to the EU Single Market only comes with acceptance of the free movement Directive and ECJ jurisdiction, both of which the Swiss don't seem to like. Sounds familiar, right?

https://www.theguardian.com/world/2021/may/27/switzerland-walks-out-of-seven-year-treaty-talks-with-eu


Quo vadis productivity?

A very interesting paper on productivity slowdown in the OECD. Sophisticated yet not extremely technical. Perhaps not quite a beach read but for the garden..?

https://www.oxfordmartin.ox.ac.uk/downloads/academic/ProductivitySlowdown.pdf


Academics turned technocrats turned politicians

Educated at prestigious East-coast schools and anointed to be the monetary leaders of the US and the Eurozone, Janet Yellen and Mario Draghi have been among the most powerful (academic) policymakers over the last 30 years. Looking at the evolution of their personas over the these three decades, this recent FP essay gives a good overview of what we can expect from Yellen and Draghi in their new political positions.

https://foreignpolicy.com/2021/04/01/janet-yellen-mario-draghi-italy-united-states-technocrats-capitalist-democracy/



Friday, 16/05/21


Clearly AI is going to win. How people are going to adjust is a fascinating problem

A fascinating interview with Daniel Kahneman on his new book in last weekend’s Guardian

https://www.theguardian.com/books/2021/may/16/daniel-kahneman-clearly-ai-is-going-to-win-how-people-are-going-to-adjust-is-a-fascinating-problem-thinking-fast-and-slow


A Contingent Economic Strategy for the Next Phase

While not denying the importance of public expenditure in the recovery from the Covid economic consequences, Jean Pisani-Ferry and Olivier Blanchard argue for more targeted government spending. A less hawkish critique than some might have anticipated.

https://geopolitique.eu/en/wp-content/uploads/sites/4/2021/05/Policy_paper_OB_JPF_2.pdf


Learning to live with debt

... or how to live under the emerging new political-economic paradigm. Very interesting piece by the Centre for European Reform.

https://www.cer.eu/publications/archive/policy-brief/2021/learning-live-debt


The Great Reset

The two articles above almost sound like as if we had left the current neoliberal paradigm already. But is that really the case? And when/under which conditions do paradigms change anyway? Our latest PEACS dossier picks up these questions and analyses if these announcements are too early, mere lip services perhaps, or if they indeed herald a shift in our guiding economic orthodoxy.

https://d2adbb83-2934-4629-88cf-a7da416fc4f4.filesusr.com/ugd/a75798_441acf409f9740d78fc10ea67ab2cddc.pdf



Sunday, 16/05/21


Krugman Wonks Out: Return of the Monetary Cockroaches

A very interesting take on the inflation discussion: crypto currencies base their raison d'être on the perils of fiat money.

https://www.nytimes.com/2021/05/13/opinion/cryptocurrency-inflation.html?referringSource=articleShare


The UK economy: Brexit vs Covid

The UK economy was always going to take a hit from Brexit, but the double-shock of Brexit and Covid might make the adjustment even more painful.

https://ukandeu.ac.uk/the-uk-economy-brexit-vs-covid-19/



Saturday, 08/05/21


Why inflation is not lurking in the shadows: Revisited

As we argued in our blog already a couple of months ago, inflation rates are not going to remain persistently high. A new study by the IW (German employers' think tank) tells you why in detail.

https://www.iwkoeln.de/fileadmin/user_upload/Studien/Report/PDF/2021/IW-Report_2021-Global-Inflation.pdf


The Economist: What history tells you about post-pandemic booms

Quite a thought-provoking piece in The Economist on the political-economic history of pandemics.

https://www.economist.com/finance-and-economics/2021/04/29/what-history-tells-you-about-post-pandemic-booms?frsc=dg%7Ce


Euractiv Green Brief: Beware the carbon price backlash

Another 'conservative' coalition is on the horizon. If the social aspects of the energy transition, like energy poverty, are not properly addressed, (poorer) consumers could team up with 'traditional' energy producers to delay the shift to green energy.

https://www.euractiv.com/section/energy-environment/news/the-green-brief-beware-the-carbon-price-backlash/



Sunday, 02/05/21


AK Wien on the A&W blog

Digitisation, Covid-19 and the Green Transition - it's time for a future-proof industrial strategy. The Austrian Chamber of Commerce's A&W blog presents some good pointers on how such a grand policy programme could look like (blog post in German).

https://awblog.at/eu-industriepolitik/?jetztlesen


Paul Krugman in the New York Times

A very good, short and slightly counterintuitive post by Paul Krugman on why cutting taxes for the rich is self-defeating here.

https://www.nytimes.com/2021/04/30/opinion/tax-cuts-rich.html?referringSource=articleShare


The Woman Who Shattered the Myth of the Free Market

A fascinating essay — in more than one way — on Joan Robinson. https://www.nytimes.com/2021/04/24/opinion/joan-robinson-economy-monopoly-labor.html?referringSource=articleShare

69 views0 comments