Why has so much of the world succumbed to populist demagoguery and xenophobic nationalism? To a non-trivial extent, economists may be responsible. This idea finds some support in a new book, The Econocracy, written by three U.K. economics students — Joe Earle, Cahal Moran and Zach Ward-Perkins. They argue that popular dissatisfaction with government has a lot to do …

Barry Ritholtz I keep promising to stop writing about lessons from the election that are applicable to markets, and then I keep finding more examples. So rather than make any promises I cannot keep, let’s just jump right into this. Since Donald Trump’s surprise victory — though it wasn’t a surprise to those of you with the power of hindsight …

  Berlin / AFP Germany’s flagship carrier Lufthansa offered pilots a new wage deal to end a crippling three-day strike that has led to mass flight cancellations affecting over 300,000 passengers. However the pilots’ union Cockpit swiftly rejected the new offer. The airline said it had been forced to cancel more than 2,700 flights since the start of the walkout, …