I posted part 1 of this yesterday.
Here's part 2:
Thanks to The Renegade Economist.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Posen at the TUC yesterday, available from his papers at the BoE. Nice graphs on SME lending.
Wonderful stuff again, Richard (& Ross).
When I did my A level economics I fell for it hook, line and sinker. Then I joined the real world of work and children. Fifteen years later when I did my degree I, like you (but much older) was at constant loggerheads with the academic staff. The model for comparative advantage was a particular bugbear. But I did pick up one one important issue (not from any teacher): the importance of land. As Martin Wolf has queried ‘Why were resources expunged from neoclassical economics?’
And, do you know, I too read Small Is Beautiful just before I did my degree, which I think was a good starting point. I have long considered that a little economics is an extremely dangerous thing.
i assume your claim that you had prepared a set of accounts as a work experience guy and were challenging your economics a level tutor were exaggerations to make a point. other than that quite interesting discussion.
Both were true