Category Archives: Uncategorized

The World is Still the Same; Economics Changed

There have been a number of headlines of late proclaiming that the world has changed, and economists have not noticed1,2,3,4,5. The truth is rather the opposite – the world is still the same; economics changed and the world either didn’t … Continue reading

Posted in Uncategorized | Comments Off on The World is Still the Same; Economics Changed

Keynes: 2030 from 1930

The economist John Maynard Keynes, writing in 1930[1], mused on what was wrong with the economy of his day and what the following century would bring. He concluded the world was going through a tumultuous phase of the passing away … Continue reading

Posted in Uncategorized | Comments Off on Keynes: 2030 from 1930

Fighting for the Consumer in Financial Markets

In the 1980s and 1990s New Zealand embarked on a process of privatisation which saw many of the public’s assets being sold to private buyers. Amongst the “family silver” sold were two of New Zealand’s banks – the Bank of … Continue reading

Posted in Uncategorized | Comments Off on Fighting for the Consumer in Financial Markets

Capitalism, Social Protest and Changing Common Law in Lancashire, 1750-1770: An example of the “golden rule”.

The predominant economic system in the Europe of the 15th, 16th, 17th and early 18th century was that of the Mercantilist. It was generally held that the purpose of trade was to further the military strength of the nation state. … Continue reading

Posted in Uncategorized | Comments Off on Capitalism, Social Protest and Changing Common Law in Lancashire, 1750-1770: An example of the “golden rule”.

What we Lose when we Privatise

David Cameron has recently called for “more fair” energy tariffs from privatised energy companies, promising an end to their “tricks” and “loopholes”. Mr Cameron also apparently holds that SW Water rates have been unfair. Such concerns are not limited to … Continue reading

Posted in Uncategorized | Comments Off on What we Lose when we Privatise

Austerity Kills, Reports the British Medical Journal (BMJ)

In Economics debates frequently revolve around the tensions between equity and efficiency (for example see Okun’s ‘leaky bucket’ hypothesis). Yet in recent articles published in the BMJ (cited below) the evidence is starting to accumulate that the austerity plans implemented … Continue reading

Posted in Uncategorized | Comments Off on Austerity Kills, Reports the British Medical Journal (BMJ)

Invented in Britain: Why not made here?

This month saw the death of Professor George Gray. Whilst by no means a household name, Professor Gray invented the technology that allowed the development of liquid crystal displays (LCD’s), which have revolutionised those other inventions of Britons: computers, TV’s … Continue reading

Posted in Uncategorized | Comments Off on Invented in Britain: Why not made here?

Bank Lending and the UK Housing Market

In the current media there is analysis of two potentially offsetting features of the UK property market. Firstly there is speculation of a further house price bubble sparked by the government’s ‘Help to Buy’ lending scheme and secondly the constant … Continue reading

Posted in Uncategorized | Comments Off on Bank Lending and the UK Housing Market

Devastating Debt

In 1803, USA president Thomas Jefferson wrote to the governor of Indiana territory (Indiana was not at that time a state). Jefferson was keen to expand the territory of the USA by the acquisition of Indian lands. He advised: … … Continue reading

Posted in Uncategorized | Comments Off on Devastating Debt

Where has all the happiness gone? … and how do we get it back?

The UK is a less happy place than it used to be. The proportion of the population that considered themselves ‘very happy’ has fallen from over half in the late 1950’s to a little over a third by 2006. It … Continue reading

Posted in Uncategorized | Comments Off on Where has all the happiness gone? … and how do we get it back?