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The Old World Order

New York Sun, by Adam Kirsch - If you could choose to be a fly on the wall at any event in history, you could do worse than to pick the ball that inaugurated the Congress of Vienna, on October 2, 1814. Adam Zamoyski, whose fascinating new book “Rites of Peace” ( HarperCollins, 634 pages, $29.95) is a history of the spectacle as well as the substance of the Congress, uses the words of some of the less famous attendees to set the scene. What struck them first was the light. Sixteen thousand candles and thirty-two chandeliers lit up two ballrooms in the imperial palace, where the glass windowpanes had been replaced with mirrors, redoubling the splendor.

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Life after bankruptcy

signandsight.com - The age of privatisation is over. Politics not the market is responsible for promoting the common good. Philosopher Jürgen Habemas talks to Thomas Assheuer about the necessity of an international world order.

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Nobel Economists Offer First Aid for Global Economy

Spiegel - Five winners of the Nobel Prize for economics share their views on what the future global finance order should look like in exclusive essays for SPIEGEL.

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Depression Economics Returns

NY Times, by Paul Krugman - All indications are that the new administration will offer a major stimulus package. My own back-of-the-envelope calculations say that the package should be huge, on the order of $600 billion. So the question becomes, will the Obama people dare to propose something on that scale?

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