Friday, May 25, 2018

Britain’s Labour Market Is Actually Working After These Decades Of Neoliberal...

Britain has, quite famously, the most flexible labour market in Europe. That means, to put it the other way, fewer protections for those in...

Dear Lord, Don’t Use The Money Properly, Spend It!

A most amusing little insight into a certain cast of mind. There was a certain odd'un who, back in the 1920s, left a pot...

As The Resolution Foundation Points Out, The Welfare State Isn’t Affordable

Every time someone says that we need to raise taxes to pay for elder health care, or pensions, or the effects of an ageing...

Parks Have Value D’Oh. So, We’re Richer, More Productive And Less...

Over the weekend we had a charity which supports the idea of public parks telling us that public parks have a value to people....

Pricy Pasties

Austrian economists say that if you magic a bunch of money into existence, the price of stuff tends to go up – you've added...

Beware Economic Journalism – The Decline Of American Manufacturing

There's a piece in Quartz telling us that we're all wrong about what has caused the decline in American manufacturing. It really is imports....

Impressive – Ethiopia’s Managed To Make The Bureaucracy Run Out Of...

This is a truly and deeply impressive piece of governance. Ethiopia has managed to so screw the system that the bureaucracy itself has run...

Ghana’s Discovery Of The Miracle Minister

No, no, not that sort of Minister, some form of Baptist or Pentecostalist - Ghana has more than its fair share of them -...

A Useful Answer To Krugman’s Wage Puzzle – Real Wages Are,...

The usual, and sensible, disclaimer here is that I as a mere scribbler tread on dangerous ground when I try to take issue with...

Thomas Piketty Said – Then Rich Americans lost $600 Million On...

One of Thomas Piketty's central contentions was that r>g, that wealth accumulates to those who already have it faster than the economy grows. Thus...