Finance & economics


The morning after

Can Europe cope with a free-spending Germany?

Pity the continent’s exporters

Macho money

More testosterone means higher pay—for some men

A changing appetite for status games could play a role

Free exchange

Why “labour shortages” don’t really exist

Use the term, and you are almost always a bad economist or a special pleader

Insular politics

Your guide to the new anti-immigration argument

Nativists say that migrants raise house prices, cost money and undermine economic growth. Do they have a point?

Buttonwood

What sparks an investing revolution?

Ideas that emerged from the University of Chicago in the 1960s changed the world. But as a new film shows, they almost didn’t

A place of greater safety

Will America’s stockmarket convulsions spread?

Investors are hurrying to find alternatives—but all face difficulties of their own

The ides of March

How Trump provoked a stockmarket sell-off

Will the president win back investors? Does he even want to?

Looking green

Does Trump really want a weaker dollar?

Overturning three decades of American policy will not be painless

Sinews of war

Investors think the Russia-Ukraine war will end soon

The prospect of peace is reshaping markets, in ways both ominous and promising

From the archive

Donald Trump’s tariffs are a throwback to the 1930s

“Economic nationalism”, our predecessors wrote, “is almost an American invention”

International finance

Aid cannot make poor countries rich

For decades, officials have promised to raise economic growth. For decades, they have failed

Free exchange

It is not the economic impact of tariffs that is most worrying

What are the lessons of the 1930s?