Comment

Quantitative easing benefits the few who need it the least. That is not exactly a recipe for a broad-based and socially optimal economic recovery. A column by Stephen S. Roach.

Ben Bernanke has established the rudiments of a more collegial and balanced decision-making process within the Fed. His successor should be chosen with the goal of building on this achievement. A column by Simon Johnson.

France and Germany, the two core states of Europe's monetary union, differ heavily in their views of public finance. This has a background in history. A column by Harold James.

Whether Japans shift in its economic policy will succeed might finally be decided elsehwere. A column by Mohamed A. El-Erian.

India's administrative institutions need an overhaul. Otherwise, they would remain a brake on economic development. A column by Raghuram Rajan.

The former British Prime Minister, the late Margaret Thatcher, followed a vision of liberalization. This in turn deeply influenced european politics. A column by Harold James.