This is my Perspective column from this week’s Fund Strategy magazine. An important side effect of the debate about “tapering” by America’s Federal Reserve is heighted concern about emerging economies. It is widely argued that as the developed economies start to recover their emerging counterparts could falter. As it happens a western recovery is still [...]
The proposed HS2 high speed rail link between London and the north of England provides an object lesson in Britain’s failure to promote economic growth. It shows how politicians of all parties can profess support for economic expansion in good faith only to fail to achieve their stated objectives. In that respect the discussion is [...]
This is my Perspective column from this week’s Fund Strategy magazine. In the last issue of Fund Strategy (7 August) this column argued that many criticisms of GDP are disingenuous. Such detractors merely point out that it does not incorporate other measures such as inequality or happiness. Yet there are already ways of measuring these other phenomena. Such [...]
Economist and author Dan O’Neill and journalist and author Daniel Ben-Ami go head-to-head. This debate is from the May issue of New Internationalist. Feel free to comment on the magazine’s site. Dan Kenneth Boulding once warned that anyone who believes exponential growth can go on forever in a finite world is either a madman or an [...]
Some seriously bad news broke last week yet it received a tiny fraction of the attention the British media devoted to horsemeat. It looks like Indian economic growth is slowing down. This trend has serious implications not only for India’s population of 1.2 billion but for the entire world economy. According to figures from the [...]
This is my Perspective column from this week’s Fund Strategy magazine. An event on economics has seldom shocked me so much. The public launch of the “Manifesto for Growth” at the London School of Economics (LSE) came across as blatantly disdainful of the public and the democratic process. My reading of the report’s central argument [...]
Anyone looking for an excellent example of the narrowness of the debate between “growth” and “austerity” need only look across the Channel. Anyone remember the days not long ago when François Hollande, France’s socialist president since May, was seen as a powerful force against austerity? He was widely portrayed as a counterweight to the pro-austerity [...]
This Perspective column was first published in today’s edition of Fund Strategy. Politicians strive to create buzzwords for what they regard as unique concepts. The Labour leader has commandeered the term ‘predistribution’, which is just another cover-up for vacuity. Ed Miliband has managed one singular achievement since becoming the leader of the Labour party in [...]
This Perspective column was first published in today’s edition of Fund Strategy. Although the claim that America has entered a “new normal” of low economic growth has become commonplace the argument is usually crude. A new paper* by Robert Gordon, a professor at Northwestern university in Chicago, is an important exception. He puts forward a [...]
This week’s appalling GDP figures are far from the worst statistics that have come out on the British economy recently. One quarter of bad data can always be dismissed as a blip but there are reasons to believe Britain’s economic problems are deep-rooted. It takes hard work to divine any potential for improvement although it [...]
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