After the vast over-accumulation of debt, the world faces a period of prolonged deleveraging. Who will pay? How to handle private-sector deleveraging? Should governments step in? Come here for the latest new economic thinking on what will be one of the most salient economic issues for a long time to come, and comment below to let us know what you think.

Blogs and Commentary

VIDEO: Beyond the Numbers - Michael Najjar's Artwork at INET Berlin

These photograps gathered in the course of the three week trek form the basis of the "High Altitude" work series. The series visualizes the development of the leading global stock market indices over the past 20-30 years. The virtual data of the stock market charts are resublimated in the craggy materiality of the Argentinean mountainscape.

Watch below for an interview with Najjar at INET Berlin where he talks about why he created this photo series and what it means to him.

Deleveraging Redfined - Part 2: Martin Wolf on the Least-Bad Alternative

"You can’t get out of debt by adding more debt.”

This is the myth that Martin Wolf takes aim at in his third blog post on deleveraging, one of the most significant economic issues of our time.

Deleveraging Redefined: Martin Wolf Explains “That Sinking Feeling”

How to explain the current recession facing the US and the world? Does so-called “austerian” logic provide the solution? Or is it doing more harm than good?

Martin Wolf has answered these questions in a series of blog posts on the Financial Times website over the last few weeks that explore one of the defining economic issues of our time: deleveraging.