Magazine October 10, 2016, Issue

How Not to Fix the Euro: More Leftism

The Euro: How a Common Currency Threatens the Future of Europe, by Joseph E. Stiglitz (Norton, 416 pp., $28.95)

Imagining that a large number of very different economies could be squeezed into a single poorly constructed currency was one fatal conceit. Imagining that the story of what happened next could be squeezed into one rigid “narrative” was another — but that’s what economist Joseph Stiglitz has done in The Euro, a badly flawed book about a disastrous idea.

Stiglitz, a Nobel laureate and a Columbia professor, has been crusading for years now against the wickedness of “neoliberalism,” a term that, like “late capitalism,” says more about the person using it than about what it purports to describe. Check out the

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In This Issue



Books, Arts & Manners


Politics & Policy


Trade or the Trade Establishment? Robert D. Atkinson’s “Four Myths about Trade” (September 12) are almost correctly stated; which is to say, incorrectly stated. “The first assumption is that America is the ...
Politics & Policy

The Week

‐ Honestly, the thought of her becoming president makes us feel a little faint, too. ‐ Hillary Clinton abruptly left a 9/11 commemoration at Ground Zero, stumbled off a curb, and ...

Crass Couture

Will we look back on Trump’s tenure as an era of refinement and elegance because he said “Excuse my French” after he dropped the effenheimer?
Politics & Policy


SOME ANGELS Lying on their backs, looking up at the sky, The boys have made angels in the snow. Eyes to heaven, with heaven looking down, They wave their arms like wings, while seraphs In ...


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