There is much discussion in the media today about Rachel Reeves and tax rises. Rumour has it that Reeves has decided that cuts to public
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The Union must change
I was intrigued by the answers to the polls posted with yesterday’s video on whether the UK can survive. As is our usual practice, we
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If you didn’t know who you’d be, would you design this society?
What if we designed society before we knew who we’d be in it? Philosopher John Rawls asked that question in A Theory of Justice, and
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Who owns companies, and why?
A reader on this blog recently asked a question that goes to the heart of how our economy now works. It was simple: who are
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How can the economy survive when most wages are too low?
The Financial Times has reported this morning that senior figures in the City are now complaining that the minimum wage is rising so close to
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Economics questions: The Greg Mankiw question
This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of political economy might have been,
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Can the UK survive?
Is the breakup of Britain inevitable? Scotland, Wales and Northern Ireland are turning away from Westminster while England clings to a failing system of centralised
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Pricing
I wrote about supply and demand curves here yesterday. I said that the ideas implicit within them are total nonsense, as the claims in the
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Economic myths: Supply and Demand Curves
I have added this entry to this blog’s glossary, it being a myth within neoclassical economics. Supply and Demand Curves The image of two intersecting
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