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    Economics is itself one of the biggest problems we face today

Economics is itself one of the biggest problems we face today

The logic of the market has become embedded in our daily, personal interactions, argues Philip Roscoe. The complexities of arriving at a decision in the modern world force us to share the burden of calculation with devices in which certain economic assumptions are lodged. Unless we evaluate the problem with economics, we run the risk of losing our humanity.

In my recent book, I […]

Economic orthodoxy, fiscal consolidation and gentrification: Top 5 blogs you might have missed this week

On the SPERI blog, Andrew Gamble argues that conventional wisdom has been little affected by the impact of the financial crash five years ago. The reaction to Ed Miliband’s pledge to freeze energy prices “shows just how resistant to change or challenge the dominant political consensus on ‘economics’ has become”.

Writing on the NIESR blog, Jonathan Portes explores the recent OBR […]

Book Review: The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years

The Clash of Economic Ideas interweaves the economic history of the last hundred years with the history of economic doctrines to understand how contrasting economic ideas have originated and developed over time to take their present forms. It aims to trace the connections running from historical events to debates among economists, and from the ideas of academic writers to major experiments […]

Solving Europe’s fiscal problems will require a new approach to economic governance

Robert D. Atkinson argues that Europe faces a quandary: the difficult fiscal straits most European nations face precludes “Keynesian” stimulus policies to spur demand. Yet austerity is a recipe for stagnation, even decline. But without austerity, budget deficits threaten the trust in financial institutions Europe has gotten itself into this conundrum because of three problems: firstly, Europeans work too few hours, in […]

EasyCouncils, Green Shoots and Radical Budgets: Top 5 blogs you might have missed this week

Warren Morgan is concerned about Barnet’s ‘EasyCouncil’ model and recent claims that it should be emulated elsewhere.

Alex Massie suggests that economic circumstances in the UK are healthier than is generally claimed.

Rushanara Ali argues that the UK needs a method of tackling tax avoidance that does not rely on corporate goodwill.

Tim Montgomerie observes that George Osborne is under intense pressure to […]

Book Review: The Prosperity of Vice: A Worried View of Economics

In his latest book, French economist Daniel Cohen shows that violence, rather than peace, has been the historical accompaniment to prosperity. Peace in Europe came only after the barbaric wars of the twentieth century, not as the outcome of economic growth. Cohen goes on to examine what will happen this time for today’s eagerly Westernizing emerging nations. Alex Moore finds the author manages to cover a tremendous […]

Using Google to gauge impact: the Nobel Prize in Economics

Winning a Nobel Prize really is the ultimate demonstration of academic impact, but why would the public seem more interested in one of two joint winners? Rebecca Mann traces the public’s desire for information on Roth and Shapley, this year’s winners of the Nobel Prize in Economics, and looks at why the desire for information on Roth is much higher than his […]

October 27th, 2012|Uncategorized|0 Comments|

Book Review: The Money Trap: Escaping the Grip of Global Finance

The Money Trap discusses how governments have failed to understand the roots of the rolling crisis and recession of 2007-12 and argue that these roots lie in the interaction of an elastic credit supply, dysfunctional banking systems and an unreformed international monetary system. Robert Pringle argues that a root-and-branch reform of both banking and of international money is required, although reviewer Alex Moore finds that […]

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Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by British Politics and Policy at LSE is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.