Tag: Global Financial Crisis

Revisiting Capitalism Unleashed

Over Christmas I went back to Capitalism Unleashed: Finance, Globalization and Welfare by Andrew Glyn. It is simultaneously a sparse and a sprawling book. The text has fewer than 190 pages, and yet it covers an immense amount of territory. I returned to the book to look for […]

The reopening of the economic mind?

Where is the revolutionary thinking in economics? That was one of the first questions posed by a speaker at the Festival of Economics held last weekend in a very damp Bristol. It is also one of the most pressing and the most intriguing. I was among the hardy […]

Two cheers for Barclays?

The audacity of Barclays’ actions in seeking to manipulate LIBOR is not in doubt. The scandal, quite apart from exposing how odious and unethical some of Barclays’ business practices were under Bob Diamond, has exposed profound weaknesses in the microstructures of financial markets. These weaknesses should not come […]

Economists? That’ll be your problem right there

Last Wednesday Suzanne Moore posted a Guardian comment piece entitled Why do we take economists so seriously? which takes a rather scatter-gun approach to some familiar themes. The argument, in outline, is that the economy is in a mess and this is primarily because we have been hoodwinked […]

Housing and the global financial crisis

One of most interesting dimensions of current developments in the housing market is the way in which global economic events are being refracted through housing policy: how a problem created in the private sector is being used to reconfigure the social rented sector and advance some long-standing objectives […]

The developing case for capital controls

The desirability of free capital movement is an article of faith for the international organisations that seek to govern the global economy. The perspective is shared by the governments of most developed countries. Liberalisation of capital markets is typically part of the medicine prescribed to ailing countries. A […]