Robert Skidelsky talks would machines replace labor and what are people to do if machines can do all (or most of) their work?

“Why did no one see the crisis coming?” Queen Elizabeth II asked economists at the end of 2008. Four years later, the repeated failure of economic forecasters would have elicited a similar question from the queen: Why the overestimate of recovery?

What matters for life satisfaction is the growth not of mean income but of median income – the income of the typical person.

How much inequality is acceptable? Judging by pre-recession standards, a great deal of it, especially in the United States and Britain.

Nearly four years after the start of the global financial crisis, many are wondering why economic recovery is taking so long. Indeed, its sluggishness has confounded even the experts.

Europe is now haunted by the specter of debt. All European leaders quail before it. To exorcise the demon, they are putting their economies through the wringer.

The financial crisis that started in 2007 shrunk the world economy by 6% in two years, doubling unemployment. Its proximate cause was predatory bank lending

М.: Московская школа политических исследований, 1998, Серия "Библиотека МШПИ" (Вып. №14), мягк. обложка

М., Московская школа политических исследований, 2005