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George P. Shultz

George P. Shultz

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George P. Shultz was US Secretary of State (1982-89), Secretary of the Treasury (1972-74), Secretary of Labor (1969-70), and a fellow at the Hoover Institution. 

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  1. America’s Excessive Government Spending Must Stop
    shultz2_Liu JieXinhua via Getty Images_federal reserve Liu Jie/Xinhua via Getty Images

    America’s Excessive Government Spending Must Stop

    Feb 23, 2021 George P. Shultz, et al. argue that US policymakers' fiscal recklessness is creating grave economic and national-security risks.

  2. Lessons from Crises Past
    shultz1_Tayfun CoskunAnadolu Agency via Getty Images_nystockexchangeusflagmarket Tayfun Coskun/Anadolu Agency via Getty Images

    Lessons from Crises Past

    Apr 8, 2020 George P. Shultz, et al. urge policymakers confronting the COVID-19 pandemic to keep markets functioning and private incentives strong.

  1. spence164_Thierry MonasseGetty Images_eu integration Thierry Monasse/Getty Images
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    Europe in the Age of Industrial Policy

    Michael Spence

    While China and the US take advantage of scale to pursue large-scale investment in critical sectors, the EU struggles to follow suit, owing to its decentralized fiscal structures and rules limiting government subsidies to industry. A new EU-level investment program is urgently needed.

     advocates a federal investment program, funded by EU sovereign-debt issuance and administered centrally.
  2. brown99_Elke ScholiersGetty Images_g20 Elke Scholiers/Getty Images
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    Fixing Global Governance

    Gordon Brown explains how to make the G20 and the Bretton Woods institutions fit for purpose once again.
  3. stark9_DANIEL ROLANDAFP via Getty Images_ecb DANIEL ROLAND/AFP via Getty Images
    1

    The EU Needs Fiscal Union

    Lucrezia Reichlin laments the pro-cyclical bent of the European Commission’s proposed reforms to fiscal rules.
  4. castellino1SAM PANTHAKYAFP via Getty Images_water SAM PANTHAKY/AFP via Getty Images
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    The Roots of the Global Water Crisis

    Joshua Castellino explains why overhauling the current economic paradigm is crucial for preserving Earth’s natural systems.
  5. marin26_Sean GallupGetty Images_german ev Sean Gallup/Getty Images
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    The Electric Vehicle Revolution Comes for German Industry

    Dalia Marin explains how Europe can reverse engineer China’s approach to industrial policy.
  6. qian31_Kevin FrayerGetty Images_china unemployment Kevin Frayer/Getty Images
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    Is Chinese Youth Unemployment As Bad As It Looks?

    Nancy Qian

    China’s exceptional growth in recent decades has influenced the education and career choices of young people and their families. But now that high-skilled jobs are drying up and recent graduates are struggling to find work, there is a growing mismatch between expectations and new realities.

     argues that the rise in joblessness among young people does not spell economic apocalypse for China.
  7. mazzucato57_Bill PuglianoGetty Images_uaw Bill Pugliano/Getty Images
    2

    Auto Strikes and Climate Change

    Mariana Mazzucato & Damon Silvers explain why the transition to a net-zero economy cannot happen without worker empowerment.
  8. haass159_ED JONESAFP via Getty Images_un general assembly ED JONES/AFP via Getty Images
    6

    The New World Disorder

    Richard Haass highlights the growing threat to international stability and calls for effective cooperation.
  9. fraga4_ JUAN MABROMATAAFP via Getty Images_money JUAN MABROMATA/AFP via Getty Images
    1

    Latin America’s Growth Conundrum

    Arminio Fraga, et al. explain what it will take finally to achieve economic convergence with advanced economies.

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