1. Business investment as a key to recovery, from Greg Mankiw. Lots of important truth in this piece.
2. Dalit classical liberalism, and here (pdf).
3. Robert Barro’s recipe for change.
4. Good analysis of how the second Greek bailout relates to the first, cynical piece. Here is an intelligent piece on doing the unthinkable for Europe.
5. Raghuram Rajan argues against a dose of inflation. And surprise as a reason to drink cheap wine, via The Browser.