Paul De Grauwe
From The Art and Popular Culture Encyclopedia
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“Kernenergie stoot geen CO2 uit. Je moet eens kijken naar de omschakeling in Duitsland. Om kernenergie te vervangen, stoken ze daar meer bruine kolen. Dat is toch waanzinnig?” --Paul De Grauwe on energy in Germany, HLN, 27/1/19 |
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Paul De Grauwe (born 18 July 1946) is a Belgian economist who works for the European Institute. He is also professor emeritus in international economics at KU Leuven and former member of the Belgian Federal Parliament.
Market ideology
As a liberal and advocate of the free market De Grauwe has long time been a strong proponent of the market economy and globalisation. In De onvoltooide globalisering (The Uncompleted Globalisation), written for a broader audience, he explains why he favors globalisation and discusses the statements of anti-globalists, which he finds somewhat pessimistic. He sees himself as an optimist and believes that market forces and economic growth will offer a solution to the issues related to natural resources, energy, environment and climate. However, De Grauwe has recently pointed out the necessity of government in this market economy. He said he used to uphold financial markets as bearers of the truth but now acknowledges that it is a world where rationality is intertwined with emotions. In an interview, he stated that certain entities are needed to correct market forces. Because of the global financial crisis, the need to correct the market is greater today than before. For this reason his acknowledgement of a strong government has increased.
