Archive for December, 2007
A flawed premise of economics
In: Uncategorized
12 Dec 2007I am reminded that this year is the 75th anniversary of a famous essay (PDF) on economic methodology by Lionel Robbins of the London School of Economics. In it he defined economics as “the science which studies human behavior as a relationship between scarce means which have alternative uses”. The starting point of scarcity is […]
- Tags: economics
The agonies of “agflation”
In: Uncategorized
9 Dec 2007Cheap food is one of the great achievements of humanity. Despite the sneering of environmentalists the available of cheap and abundant food – at least in the developed world – is to be celebrated. Thanks to enormous increases in productivity we no longer live on the edge of starvation. It is therefore worrying that food […]
- Tags: consumption, economics, food, globalisation
Living in an age of fear
In: Uncategorized
9 Dec 2007An international opinion poll conducted in 20 countries by GfK Research on behalf of the Wall Street Journal Europe shows how gloomy contemporary opinion tends to be. According to the main article in Friday’s (7 December) Weekend Journal Europe: “the most surprising detail of the survey statistics was the overall negative outlook. “It is striking […]
- Tags: America, environment, india, progress
Article on global working class meeting
In: Uncategorized
7 Dec 2007Tessa Mayes has written on Culture Wars about the meeting I spoke at in November at the Institute of Contemporary Art on the global working class.
- Tags: Asia, globalisation, speeches, work
Resist green austerity of wealthy eco-prince
In: Uncategorized
4 Dec 2007This week Fund Strategy published the following comment by me on Prince Charles’ initiative in relation to the United Nations summit on climate change in Bali. The one interesting thing in Prince Charles’s article on climate change in the Financial Times last week was his admission that he favoured lower living standards: “Many of us […]
- Tags: consumption, environment, Fund Strategy
Critique of happiness economics
In: Uncategorized
3 Dec 2007I have just discovered that the monograph by Helen Johns and Paul Ormerod on Happiness, Economics and Public Policy (Published by the Institute of Economic Affairs) is available to download from the internet. The report is a useful critique of the mainstream happiness discussion from a technical economic perspective. It is also a good source […]
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