I have added this entry to this blog’s glossary, it being a myth within neoclassical economics.  Perfect competition Neoclassical economics textbooks suggest that under “perfect
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The significance of the charlatan previously known as Prince Andrew being stripped of all his royal titles and being thrown off the Windsor estate yesterday
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Martin Wolf of the FT said this week that only economic growth can save democracy. Yet his economics serves only the wealthy. When workers are
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I thought I would summarise what work is in progress here right now. Significant themes in development are: An alternative budget, which will come out
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It’s important to be reminded what right-wing thinking about Britain really is every now and again. The reason is that in recent decades, where right-wing
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The FT is annoying me, again, this morning with an article by someone called Neil Hudson that opens with this: There is a line about
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A reader here has written in response to recent posts on how government spending works: “Thanks, Richard, for the patient and insightful explanation. In my
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Apple has crossed a $4 trillion valuation. That’s $495 for every single person on Earth — if we all shared it. But we don’t. This
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Rachel Reeves has published her pre-budget pitch in The Guardian this morning. In it, she claims that the economy has “strong foundations”, that interest rate
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