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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 […]

Group Of Business People With Their Mouths Taped Shut

Visible liberalism goes AWOL again

Back in 2011 Nick Clegg famously said: you shouldn’t trust any government, actually including this one. You should not trust government – full stop. The natural inclination of government is to hoard power and information It’s a position embodying impeccable liberal principles. It demonstrates a clear understanding of […]

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The Universal Credit fiasco

When the history of this Coalition government is written a substantial chapter will no doubt be devoted to contrasting the vaulting ambitions of IDS’s welfare reform agenda with the incompetence and inhumanity of its implementation. Like some sort of inverted alchemist IDS has the ability to turn golden […]

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 […]

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Speaking money

Yesterday evening the Festival of Economics 2014 kicked off with the author John Lanchester in conversation with Izabella Kaminska of the FT. Lanchester, who is promoting his book How to speak money, had some very interesting and important things to say about the language of finance. His key […]

Affordable housing concept.

Pathways to housing-related poverty

The JRF report What will the housing market look like in 2040?, released yesterday, provided an eye-catching and headline-grabbing answer to the question that acts as its title. Presumably grabbing the headlines was the point. The answer is that under plausible assumptions about future trajectories on tenure, costs and […]

Wise words

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“a person is not likely to be a good political economist who is nothing else”
(JS Mill, 1806-1873)

“Poverty is a great enemy to human happiness; it certainly destroys liberty, and it makes some virtues impracticable, and others extremely difficult”
(Samuel Johnson, 1709-94)

“No section of the people has ever been excluded from political power without suffering legislative injustice”
(Millicent Garrett Fawcett, 1847-1929)