For all its claims of being a science, Wren-Lewis, borrowing from Dani Rodrik, sees economics also as a craft: ” If you do not apply the craft well, then what can replace it is ideology, […]
The current prime minister of Iceland sold over a million Euros in assets in the Glitnir bank just hours before the the state took control of the collapsing bank in 2008 Read here
The risks of a private debt crisis in the United Kingdom are real enough. But the existential threat is that this will happen together with the bursting of the greatest asset bubble in the UK’s […]
Decades of neoliberalism leave Britain with high inequality and the worst investment and productivity performance in the developed world. Reconstructing this broken economic system requires a comprehensive policy mix based on public investment and labour […]
58% of Londoners in poverty live in a working family. This is a 50% increase over the last decade. This equates to 1.3 million people. Read here
‘Open door for forces of finance at the ECB’ reveals that the advisory groups counselling the European Central Bank are dominated by representatives of some of the most influential global financial corporations. Read here
Bill Mitchell’s presentation of his book “Eurozone Dystopia” in Berlin on September 27, 2017 . Scroll forward to 6:30. View here
Book review by Andrew Purves This is an excellent and timely book, re-connecting us with where we stand, what we rely on for all our daily needs, and with something that has been misplaced as […]
Capitalism contains many dysfuntional incentives – ones that constrain innovation and encourage rent-seeking. Read here
In Britain the household income per person has fallen in each of the past four quarters. Matthew Whittaker is of the opinion that Brexit is not the only reason for this. Read here
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