We hear it all the time. It is a relentless drum beat on the left. Capitalism, we are told, is in crisis. This crisis is [more…]
With respect to my summer reading.
I have always been fascinated by information. Its role in the economy; its nature; and its effect on [more…]
This is not a time to dwell on the inconsistencies and even contradictions of the recent uprising of populism in the western world. Treat it [more…]
Like many people I am still trying to digest the lunacy of Brexit. I say lunacy because retreat from European integration is, in my opinion, [more…]
My summary of the discussion prior to the Brexit vote:
Consequences be damned.
How very British.
Let's all remind ourselves of how [more…]
I have a book by James Meade published in 1975. It's called "The Intelligent Radical's Guide to Economic Policy". Thumbing through it reveals how some things [more…]
Let's have some fun:
Economics deserves to be a laughingstock. Really, it does. No one can take it seriously. I have tried. The effort isn't [more…]
I try to take my own advice: when you have nothing to say, don't say anything. Thus, for the best part of a month I [more…]
Here we are. Today might well be the day when Trump seals his coronation as the Republican presidential nominee for this year's election.
There are a few thoughts or words in a normal economics discourse that trigger what I call my 'market reflex'. Asad Zaman just triggered it. [more…]