My Blog
Supply side success is a cure for the drug of deficit finance
George Osborne’s plan to run financial surpluses and use them to pay off government debt has been met with the
Banks, cancer and Stephen Hawking
Massive fines for banks, gross misbehaviour, huge bonuses for failure, bailouts at vast expense to the taxpayer: it’s little wonder
FIFA, corruption and economic growth
The FIFA arrests have dominated both front and sports pages. We must await the outcomes of the trials before pronouncing
Markets are good, but we need clear signals
Perhaps the most enjoyable aspect of the general election result is the abuse which is now being heaped on the
Opinion Polls, Financial Crashes and Groupthink
The election is done and dusted, but many interesting questions remain. Was there a swing to the Conservatives at the
The Subtle Costs of a Mansion Tax
An exciting email pinged into my inbox at the end of last week. It was a link to the contents
Day care for dogs and the output gap
I am keen on dogs. Recently, I have seen an advert for a special canine toothbrush designed to get rid
Bribing the electorate: new rules of the game thanks to zero inflation
The temptation to believe in the concept of a free lunch is one which has proved irresistible to numerous governments
The 38 per cent tipping point on tax
Ed Miliband’s proposal to tax non-doms more harshly may be good, populist politics. But does it make economic sense? At most,
Capitalism is stable and resilient
The financial crisis did succeed in creating one dynamic new industry. Since the late 2000s, there has been a massive
Why is inflation so low?
Zero inflation is trending. The consumer price index in the UK was at the same level in February as it
Why are crime rates falling?
Economic statistics are the bane of forecasters’ lives. Cynics might say that this is because the data reveal how bad
Open borders or fair wages: the left needs to make up its mind
As published in the Guardian on Tuesday 24th March 2015 as part of their ‘Economics – Immigration Special’ Mass immigration
Do Budgets really matter?
All eyes will be on George Osborne’s Budget today. An immense amount of media attention and serious commentary will be
Does Miliband understand the importance of incentives?
Ed Miliband has long had a problem with voters not perceiving him as “normal”. His famous struggle with a bacon
Will the internet lower long-term growth – or do we need to embrace change?
Are we doomed to secular stagnation, to permanently lower rates of economic growth? The debate was sparked off nearly a
Popular culture is the driving force of inequality
The Oscars have come and gone for another year. Winning an Oscar is very often the basis for either making
Crocodile tears for the poor
INEQUALITY is now a buzzword in Britain. Scarcely a week goes by without a new publication by an academic or
Shouting at the supply-chain: is there a better way?
EVERY year, the supermarkets hire substantial batches of high-flying graduates to work in their buying departments. The urban mythology is
Can Game Theory Help the Greeks?
Game theory is a big topic in academic economics. It is scarcely possible to graduate from a good university without
