Monopoly’s New Era
Joseph E. Stiglitz For 200 years, there have been two schools of thought about what determines the distribution of income – and how the economy functions. One, emanating from Adam Smith and nineteenth-century liberal economists, focuses on competitive markets. The other, cognizant of how Smith’s bra…
Don’t Blame Sykes-Picot for the Middle East’s Mess
Steven A. Cook, Amr T. Leheta Sometime in the 100 years since the Sykes-Picot agreement was signed, invoking its “end” became a thing among commentators, journalists, and analysts of the Middle East. Responsibility for the cliché might belong to the Independent’s Patrick Cockburn, who in June 2013 w…