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 […]
A little late in the day I’ve just finished Adair Turner’s Economics after the crisis: objectives and means, published in 2012. It is based on Turner’s 2010 Lionel Robbins lectures. Economics after the crisis is a thoughtful book which makes a number of relatively simple but profound points. The […]
In the period since the 2007 Financial Crisis “economics” has played an increasingly high profile role in shaping policy. The austerity policies implemented in many western countries, with significant negative impacts upon citizens’ well-being and the social fabric, come with the endorsement of many economists as the correct […]
[Originally posted at the Guardian Housing Network, 18/12/11] If the government finally accepts that fiscal consolidation, even when coupled with quantitative easing, is not a policy that can deliver adequate economic growth, what might a credible plan B look like? A recent report for Shelter made the case […]
Last week’s riots were shocking. The effect upon the many communities, families and individuals affected was undoubtedly profound. They have prompted plenty of soul searching and a wide range of diagnoses. If we are optimistic we should hope that they act as a catalyst for addressing problems of […]
Steve Hilton has attracted flak across the old and new media following the FT’s revelations about his suggestions for stimulating economic growth. The proposals that hit the headlines included the abolition of maternity leave, labour market policies that contravened European law and the suspension of all consumer rights. […]
We all know about the cuts. And the claims that getting the public finances in order will act as a spur to a revival of private sector economic activity. We’re all – quite possibly including the Government – less clear on exactly how that revival is supposed to […]
There is little disagreement that the economic growth figures for 2010 Q4 were very poor. When set alongside the performance of other developed economies they look even more anaemic. The Government is promising that the 2011 budget will be a budget for growth. But the Government is already […]
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