This short note introduces the debate on the future of economic policy and reform of capitalism, to be hosted in a new temporary section of the journal. It is essential to debate how to achieve a balance between 'bread' (economic security) and 'liberty' (political freedom), in a dynamic sense,...

This paper explains how growing inequality of wealth and asset inflation inhibits social mobility and the functioning of the labour market, whose efficiency is a key feature of macroeconomic theory and labour economics. However, because the composition of wealth differs between social classes,...