This colloquial phrase is used when something is considered impossible. That seems to be the case with the Swiss franc, which saw a major appreciation when the Swiss National Bank (SNB) announced it was floating its currency. It is an excellent example for one type of exchange rate. For obvious reasons, Switzerland is a major…

Amongst other topics, the World Economic Forum in Davos will spend a considerable amount of time on the Middle East ...

Work is one of the central tenets in human life. We ask our kids what do they want to do when they grow up; we start conversations by inquiring about each other’s jobs; we study extensively in order to secure future employment; we belong, as adults, to a well-defined working age population; we differentiate between…

I came across a short article by Ronald Coase (1991 Nobel laureate in economics) published at the Harvard Business Review a few months before he died, aged 103, in 2013. The article is a delicious call for economists to re-engage with the (real life) economy. I want to focus on just one sentence in the…