The Labour Party is thus being left behind because they have been taking advice from economists that are stuck in the old paradigm, notwithstanding their efforts to claim otherwise.
At the heart of this old paradigm is British Labour Party’s so-called Fiscal Credibility Rule, a product of its liaison with New Keynesian academics.
Producer prices in Germany are now also in free fall. After high minus rates were recorded in Spain and Italy in the previous months, the statistics for July also show minus six percent for Germany. […]
Ten years after the global economic crisis, profits have recovered, but investment remains weak. Ultimately, the reason is that economic policy continues to be informed by neoliberal ideology and its academic cousin, “public choice” theory, […]
While the EU is continuing its coal policy for almost another 20 years, many Asian nations – not China – are changing course. Odd, they did a much better job of dealing with COVID as […]
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