I analyse emergency policy-making in three circumstances: the sovereign debt crisis of 2011, the Covid crisis of 2020, and the Russian invasion of Ukraine of 2022. Decisions taken under the influence of fear are the least inclined to progressive principles and participatory democracy.
A Wilsonian approach would argue in favour of the isolation and full defeat of the countries that do not abide with international law. In contrast, a perception of international relations based on the balance of power suggests that it is unwise to look for a total victory over Russia if this was to produce a further strengthening of China.
The fall of communism is deeply related to the most impractical assumption of the second welfare theorem. For this to work, the planner must have perfect knowledge of everybody’s preferences about every good.
The benefits of the lockdown are non-monetary because they concern public health. However, some long-run costs of health policies are appearing. I analyse why inflation descends from these.
Assistenzialismo inefficiente od ottimizzazione dei risparmi in un mercato non concorrenziale? Seguono dei pensieri sulla più dibattuta misura di politica economica di questa legislatura.