Why the Germans are right about economics

Policy must be about justice as well as growth, as mainstream politics has learnt.

Some of the 500, one meter tall statues of German political thinker Karl Marx on display on May 5, 2013 in Trier, Germany — Hannelore Foerster/Getty Images

By Gideon Rachman

At the height of the euro crisis, Mario Monti, the former Italian prime minister, liked to remark that part of the problem was that “for Germans, economics is still part of moral philosophy”. The suggestion was…

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