Archive for July, 2011
Dead end egalitarianism
In: Uncategorized
28 Jul 2011A snippet from the front page of yesterday’s Evening Standard, a free London newspaper, illustrating a common form of contemporary egalitarianism. Under a banner headline reading “Take the tube to games, ministers” the introduction to the story reads: “Ministers and top government officials should consider using the Tube instead of driving to the Olympics to […]
- Tags: growth, inequality, transport
Report on growth and inequality
In: Uncategorized
27 Jul 2011Yesterday’s Resolution Foundation report on the failure of economic growth to benefit Britons on low and medium incomes, although flawed, is well worth reading. Missing Out by Matthew Whittaker and Lee Savage uses conventional economic analysis to identify the relative winners and losers from economic growth. The report’s headline finding is that: “In 1977, of […]
- Tags: growth, inequality, living standards
Guest post for the current moment
In: Uncategorized
26 Jul 2011I have written a guest post for the current moment blog on “the myth of an all-powerful financial class”.
- Tags: economics, finance, media appearances
Ben Hunt on falling living standards
In: Uncategorized
25 Jul 2011This week’s Fund Strategy cover story by Ben Hunt looks at the debate about falling living standards in the western world.
Economics needs human touch
In: Uncategorized
25 Jul 2011This is my latest comment for Fund Strategy. As Ben Hunt argues in this week’s cover story there is a desperate need for a new form of supply side economics. Only it will be fundamentally different to what is normally meant by that term. Mainstream economics nowadays is overwhelmingly focused on demand. Or, to put […]
- Tags: economics, finance, Fund Strategy, growth
New blog on politics and economics
In: Uncategorized
20 Jul 2011The Current Moment is an interesting new blog on the current state of politics and economics in the West. It is jointly authored by Chris Bickerton, an assistant professor of political science at the University of Amsterdam, and Alex Gourevitch, a postdoctoral research associate at the Political Theory Project at Brown University in Rhode Island.
Debt default talk is evasion
In: Uncategorized
18 Jul 2011This is my latest comment from Fund Strategy. The idea of a debt default is becoming less of a taboo than it used to be. Many experts and pundits are refusing to rule it out while some openly advocate it. Unfortunately behind the bravado is a lack of a coherent strategy for the eurozone states, […]
Brain dead economics
In: Uncategorized
11 Jul 2011Here is my comment from this week’s Fund Strategy. Back during the financial crisis of 2008-09 it became fashionable to argue that a pervasive free market orthodoxy – also known as “market fundamentalism” or “neoliberalism” – had died. Yet several prominent figures who wrote its obituary back then have more recently recanted. Joseph Stiglitz, a […]
- Tags: economics, finance, Fund Strategy
Rich core to blame for Greek tragedy
In: Uncategorized
4 Jul 2011This is my latest comment from Fund Strategy. A key prejudice about the Greek crisis is that the Greek people are to blame. Even when criticism is aimed at the government it is usually for indulging the population’s aspirations for greater affluence. From such a warped perspective the Greek population needs to rein in its […]
- Tags: economics, Europe, finance, Fund Strategy, Germany
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