Here I am back… in the Treasury like a recurring decimal – but with one great difference. In 1918 most people’s only idea was to get back to pre-1914. No
Ten years ago Northern Rock disappeared in a cloud of smoke and mirror practices, opacity and mistrust. Richard Murphy asks, what have we learnt for the next time? It is
Last week I had a lunch date. This is not something I get to have much these days. One of my postgraduate students, Crispin McDonal, contacted me through my university.
From Publisher: The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default?
From Publisher: America’s runaway inequality has an engine: our unjust tax system. Even as they became fabulously wealthy, the ultra-rich have had their taxes collapse to levels last seen in
From Publisher: Debates about financial reform have led to the recognition that a healthy financial system doesn’t depend solely on how it is structured—organizational culture matters as well. Based on
In the wake of the 2008 financial crisis, central banks created trillions of dollars of new money, and poured it into financial markets. ‘Quantitative Easing’ (QE) was supposed to prevent
From ruined towns on the edge of Siberia, to Bond-villain lairs in Knightsbridge and Manhattan, something has gone wrong with the workings of the world. Once upon a time, if
Over the past few decades, India has experienced a sudden and spectacular urban transformation. Gleaming business complexes encroach on fields and villages. Giant condominium communities offer gated security, indoor gyms,
Microfinance is the business of giving small, collateral-free loans to poor borrowers that are paid back in frequent intervals with interest. While these for-profit microfinance institutions (MFIs) promise social and
We take it for granted that we get to vote in elections, but that is of course a relatively recent innovation. Universal suffrage only occurred in 1928. However most of
Two distinct ideas are being promoted to help fix Britain’s broken social security system and badly depleted public services. The first idea – of basic income (BI) – seeks a
Blockchain has been trumped as an amazing innovation with applications everywhere to deal with the ‘trust issue’. Bitcoins, which use blockchain, have become worth 10’s of thousands of dollars each,