Tag: Economic thought

On economic amnesia

Economists, one might assume, have something useful to say about the current problems afflicting the world economy. Yet, since the crash of 2008 there has been a considerable amount of reflection in parts of the discipline about its failure to anticipate the crash and its failure to offer […]

Osbornomics – the path to enlightenment

Is a major change in policy thinking imminent? Will Hutton’s piece in Sunday’s Observer focused on the question of quite what the Labour party stands for. It is relatively clear what it is against, but its positive project is rather less obvious. And it needs such a project […]

Economists, implicated

John Maynard Keynes famously wrote that “[i]f economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid”. Many economists, somewhat uncharacteristically, might well be craving that type of anonymity at the moment. Because they’ve been getting a […]