From 1999 to 2004, the European Union had in place a moratorium on new genetically modified (GM) products. This moratorium created a tense trade dispute between the United States and the EU. While the moratorium has now been lifted, differences remain between the EU's and US's approach to GM...

The subprime crisis raised some fundamental questions about the usefulness of mainstream economics. This paper considers the shortcomings of the new neoclassical synthesis and the new macroeconomic consensus in analysing the causes and consequences of the crisis. It demonstrates that the major...