Category: Economics

Resuscitating Greek myths

Nick Clegg has a rather extraordinary post at the Telegraph today. The second half of the post is pretty standard: the Libdems are less spendthrift than Labour and less ideologically anti-state than the Conservatives. Split the difference and aim for the sensible centre. But in order to grab […]

Economists and their politics

Several econ bloggers have had things to say over recent days about the distinctions between mainstream and heterodox economics. It’s a discussion topic that carries a cast iron guarantee of raising the blood pressure of everyone involved. It’s one I’ve blogged about several times previously, but not for […]

King speaks

Mervyn King’s stint on the Today programme yesterday was curious. It was much anticipated in some quarters. The reality then proved to be less revelatory than some might have hoped. I’m not sure what people were expecting – after years of buttoned-up discretion it was unlikely he was […]

Debtornation

Recent economic news is unlikely to fill many with Christmas cheer. Estimates of recent growth have been revised downwards. The current account has deteriorated sharply. The deficit is now in “worst since records began” territory. And it is consumer spending, rather than investment, that is sustaining the growth that […]

Outsourcing

Playing catch up on contracting

The Public Accounts Committee report on government contracting, published earlier this week, secured substantial press coverage. The focus was on the report’s finding that G4S and Serco continued to be awarded additional work from government while they were under investigation for overcharging. And this fact rather contradicts previous […]

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Economics in the bubble

My plan was to write something following up last week’s Autumn Statement. But what with having to do other things – work and that – I’ve not had the chance. In the interim there has been bucketloads of analysis. So I’m not sure there is more to say […]

Budget Cuts sign with clouds and sky background

Fiscal foolishness

I’ve had an unusual and vaguely discomfiting experience. I found myself largely in agreement with a leader in the Economist. I may need a lie down. I can console myself with the thought that what the Economist is saying – that the Conservatives’ fiscal plans for the next […]