A couple of weeks ago Martin Wolf blogged on the way in which modern macroeconomics has neglected the explicit and integrated treatment of the financial sector. The consequences of this omission have turned out to be of enormous practical significance. It left analysis mostly blind to a range […]
[This post originally appeared at The Conversation under a different (longer) title, 27/11/13] London’s population is increasing rapidly and forecasts say this growth is set to continue over the next decade and more. However, the last time the capital had enough new houses to match this rate of population […]
The Commentariat might, for once, be pretty much unanimous. The run up to General Election 2015 is going to be vicious. The focus isn’t going to be measured debate on the pressing issues of the day – when was the last time that happened? – but mud slinging […]
One of the topics I’ve revisited regularly on this blog over the last three years is the nature of economic knowledge and economic analysis. I have brought together nineteen of these blogposts as a collection of essays on the philosophy, ethics and methodology of economics. The essays touch on questions […]
Discussion of the need for the reform of economics in the post-crash world continues to gather momentum and prominence in parts of the econosphere. Wendy Carlin set out a case for change at the FT (£) on Sunday, while a group of post-Keynesian economists stuck their head above the parapet […]
Last night George Ferguson gave his first Mayoral State of the City address in the Great Hall of the Wills Memorial Building. This launched both the Mayor’s Vision for Bristol and the consultation on the local authority budget. Following the Mayor’s presentation there were brief responses from Alexandra […]
Sometimes pronouncements emanating from Liberal Democrat Ministers are a puzzle. They are either naïve or disingenuous. And if they are disingenuous then they must think we’re all naïve. The proximate cause of this observation is Norman Baker’s post “We’re not turning into authoritarians!” at Liberal Democrat Voice yesterday. […]
One of the few policy proposals that has been able to gain support across the political spectrum is the idea that we need a new generation of new towns. If we are going to make a serious attempt to address England’s housing problems we are not going to […]
And so it came to pass. Almost as you would have anticipated. Labour’s bid to win today’s vote against the so-called “bedroom tax” was defeated. There was speculation during the day about how many Liberal Democrats would vote with Labour. The answer, when it came, was two. The […]
One of the most intriguing questions facing the merry band of wanderers interested in the philosophy and history of economics is how mainstream economic approaches appear to have emerged relatively unscathed from the Global Financial Crisis. Casual observers might well find this a bit of a puzzle. A […]
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