Behind the curtain
The Macro Economics Anti-Textbook: A Critical Thinker’s Guide by Tony Myatt. Review by Henry Leveson-Gower Paul A. Samuelson – an economics colossus who bestrode the economics profession in the three …
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Inflation is a supply-side problem
When you damage the supply side of an economy, the result is inflation. This ought to be obvious. But forty years of monetarist orthodoxy seems to have rendered people unable …
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Blowing the house down
Alexander Tziamalis and Yuan Wang point to sources behind ballooning inflation. The bad news: inflation is back in the public spotlight these days and rightly so. Inflation has kept on …
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Investment in languages education could return double for UK economy
An increase in secondary school pupils learning Arabic, Mandarin, French or Spanish could boost the UK economy by billions of pounds over 30 years, according to new research. The study …
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China alert to global economic risks from Omicron, but ‘financial turmoil’ of early pandemic unlikely
he new Omicron variant adds more uncertainty to the global economic recovery and China will closely follow its potential impact on trade and international supply chains, the Ministry of Commerce …
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The Bond Taper & Why You Should Know About It
You might want to get familiar with this term because you will be hearing it a lot: the bond taper, or more widely known as just the taper. When markets …
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Brexit and Covid Add to U.K. Inflationary Pressure
(Bloomberg) — Britain’s exit from the European Union and the pandemic are adding to inflationary pressures that are starting to slow the U.K. economic recovery, two business surveys show. The …
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Pioneering spirit
Steve Keen, bête noir of neo-classical economists and author of Debunking Economics, has just published an article in which he sets out a new approach to macro-economic modelling he has …
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HET up
Kevin Deane recounts his moment of discovery in the history of economic thought. In the summer of 2013, I embarked on my academic career as a lecturer at the University …
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Why we should abandon GDP
Gross Domestic Product is the most popular and useless quantity in economics say Erald Kolasi and Blair Fix. For all that it purports to say, Gross Domestic Product (GDP) fails …
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