Activity

Why do the vast majority of economists believe in free trade? Because they learned in school that it’s more efficient, in the first instance, to try to produce as much wealth as possible by relying on free and competitive markets to maximize everyone’s comparative advantage. Even if that means, in …

which are then immediately belied by events a few weeks later

The Lisbon Treaty, which entered into force in late 2009, was intended to make EU governance more transparent and democratic, notably by replacing unanimous decision making in the European Council with a system of “qualified” majority voting for most policy areas, and also opening many ministerial council meetings to the public