My Blog
Why companies fail: Don’t look to economic textbooks to master dynamic capitalism
Is setting up a micro brewery a licence to print money? This month, a private equity company acquired 22 per
Britain’s debt dilemma: Not too high, not too low or the UK economy risks disaster
The Bank of England Financial Policy Committee (FPC) has signalled that it has become worried again about debt. Its specific
Anti-growth Welsh leaders are denying their voters prosperity by opposing shale
Leading Welsh politicians seem to be getting ideas above their station. Fifty years ago, Labour held all but four of
Don’t fear robots taking your job – worry about them cutting your wages
Robots and artificial intelligence (AI) seem to be in the news all the time, and breakthroughs are announced regularly. Last
There’s substance to the Trump team’s trade critique of Germany and the Eurozone
President Trump’s administration has made many criticisms of Germany. One of the more important was by his top trade advisor,
Need a reason to cut public sector pay and pensions? Look at Jeremy Corbyn
The shambles over the treatment of National Insurance has dominated the media’s reporting of the recent Budget. But only the
Kenneth Arrow proved economists needn’t be loud to make a difference
Does winning the Nobel Prize in economics cause longevity? We might be forgiven for thinking so. Thomas Schelling died last
Claims that a low tax, low regulation UK would be a disaster are rubbish
Dame Minouche Shafik, Deputy Governor of the Bank of England, is leaving to become Director of the London School of
Blame restrictions on the supply of land for new homes for rising wealth inequality
Official data released last week on London house price increases in 2016 generated a lot of interest. Given that housing
A tale of two Eurozones: Greater Germany and Club Med are drifting ever further apart
At the end of last week Federica Mogherini met leading members of the Trump administration. Mogherini, yet another Italian politician
It’s fanciful to think China’s economy will overtake the US’s anytime soon
Possibly the single most important of the tensions stoked up by President Trump is the rivalry between the United States and
Why the economics profession remains blind to the benefits of Brexit
The office for National Statistics last week estimated that the UK economy grew at an annual rate of 2.4 per
Economic Research Council talk: why are so many economists opposed to Brexit?
Economic Research Council talk on Monday 20th February 18.30 – 20.00: I will be discussing why so many economists are opposed
The NHS will never have enough cash: the English religion needs reformation
We British like traditions. A well-established one which comes round every year is the “winter crisis” in the NHS. Health
Why do bad companies stay in business for so long? Just ask an economist
A bookseller in the Yorkshire Dales has hit the headlines, branded a “shopkeeper from hell”. He called a customer a
What Dirty Harry tells us about economic forecasters’ Michael Fish moment
Economic forecasters are in the dock. Last week, none other than the chief economist of the Bank of England, Andy
Farewell to the game theory master who helped prevent a nuclear apocalypse
Last year was a year of celebrity deaths. But perhaps the most significant of all received very little coverage. Just
The death of cash, the rise of trade unions and other eclectic 2017 predictions
It’s certainly been an eventful year. But rather than dwell on the past, what sort of things can we expect
Forget “post-truth”: A compelling vision drove Brexit and Trump triumphs
The buzz-phrase of the moment in political discussion is “post-truth”. Shell-shocked metropolitan liberals are astonished by both Brexit and Donald
Rampant corruption – not just the euro – has doomed Italy to stagnation
So farewell then, Matteo Renzi! The resignation of the Italian Prime Minister after his heavy defeat in Sunday’s referendum on
