I was one of about 1,000 academics to sign this letter to the Times Higher Ed on university pensions: We write as senior academics to
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Beware GDP: it can be seriously misleading
I am reposting this from the Commonspace website, which is mainly targeted at a Scottish audience, who published it yesterday afternoon: ECONOMIC EXPERTS Professor Richard
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Is realism the new ‘ism’?
I have suggested that we need a new ‘ism’ when it comes to economics. I am far from alone in doing so. The demand for
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After fifteen years of my saying PFI does not work the NAO finally agrees. Why has it taken so long?
As the Guardian reports this morning: Taxpayers will be forced to hand over nearly £200bn to contractors under private finance deals for at least 25
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Apologies
My thanks to those who sent notes of concern that the web site was down for a while this morning. I have now put more
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Zombie economics will ignore the destruction of human capital by Carillion
Regular commentator Andy Crow made an excellent point in a comment on the blog this morning, saying in response to a suggestion that the component
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There are too few thinkers
2018 is proving to be fickle. The mood is, as a weather forecaster might say, changeable. The FT has run articles about a new era
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The fundamental flaw in PFI can be overcome by People’s QE
The supposed advantage of PFI is that the risk of contracts going wrong is passed from the government to a contractor. There are two flaws
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Update re the MMT questions
The response to my call for questions on modern monetary theory (MMT) has been pretty big. There are 149 right now, and I suspect there
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