Why is GDP widely used as indicator, knowing its limitations, while better indicators for social progress are available? The limits of GDP as indicator for well-being in a society are well known for decades. Simon Kuznets, one of the founders… Read More
Due to globalization and digitalization, countries have lost power relative to international markets and companies. The European Union provides a necessary countervailing power to this. This leads to the apparent paradox that more European cooperation simultaneously leads to more national autonomy. This is because member states have to compete less among themselves for the favors of international companies. I substantiate this in my article in the Economics journal ESB and it is at odds with what anti-EU politicians claim.