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16 Jan 2012This is my latest Perspective column for Fund Strategy. There is an obvious riposte to last week’s Perspective column in which I attacked what I called “debt fetishism”. Although some political figures, most notably David Cameron, can be criticised for their debt obsession there are other influential voices who oppose this view. Barack Obama is [...]
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13 Jan 2012Was inequality one of the main causes of the economic crisis? The contention is supported by influential voices such as Bill Gross of Pimco and Raghuram Rajan, a former chief economist at the International Monetary Fund. The question has to be unpicked carefully. There are two blind alleys to avoid. The first is to focus [...]
My article on “consumer capitalism” for Fund Strategy magazine is on the Real Clear Markets portal today.
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12 Dec 2011This is my latest Perspective column for Fund Strategy. Perhaps the most pervasive, peculiar and damaging preconception about the economy is that this is an age of consumer capitalism. From this perspective it is consumption, mainly by individual consumers, that drives economic activity. Although it is acknowledged that production played an important role in the [...]
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5 Dec 2011This is my latest Perspective column for Fund Strategy. Do you feel squeezed? If so how painful are you finding it? And is it likely to get better or worse in the foreseeable future? It is not surprising that the compilers of the Oxford English Dictionary recently named “squeezed middle” the word of the year [...]
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1 Dec 2011Rather than make a general comment on yesterday’s public sector strike in Britain I just want to draw attention to one aspect of the debate. It is hard to think of a better example of how the demand for equality, historically associated with the left, can take on a conservative character. When the premise of [...]
I have an article in the Guardian’s “big ideas” series on EF Schumacher’s notion of “small is beautiful”.
My article on “creative destruction” for Fund Strategy magazine is on the Real Clear Markets portal today.
This is my latest book review for spiked One of the most pervasive of contemporary myths is that the lot of humanity is worsening over the long term. Despite the mass of evidence to the contrary, it is still widely held that the world is becoming poorer, more miserable and facing environmental catastrophe. Simply for [...]
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27 Oct 2011This is Monday’s Perspective column from Fund Strategy. The political debate about income tax must be one of the most peculiar intellectual clashes of these peculiar times. It boils down to the rich debating the rich about how much tax should be paid by the rich. It is hard to put a starting point on [...]
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