economy

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    Brexiteers hope to rebalance the economy towards exports, but this risks proving a naïve myth

Brexiteers hope to rebalance the economy towards exports, but this risks proving a naïve myth

Nine months after the vote, the UK has triggered Article 50. Michael Ellington and Costas Milas explain why we should expect persistent exchange rate volatility and higher borrowing costs once the formal notification is sent to the EU. In this uncertain environment, the likelihood of rebalancing the economy towards export-oriented sectors may prove to be another pro-Brexit myth.

Theresa May […]

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    The Econocracy: The Perils of Leaving Economics to the Experts

The Econocracy: The Perils of Leaving Economics to the Experts

In The Econocracy: The Perils of Leaving Economics to the Experts, Joe Earle, Cahal Moran and Zach Ward-Perkins argue that the logic of economics has come to shape how political issues are framed and addressed, leading to a deep divide between economics ‘experts’ and the majority of citizens who have grown increasingly suspicious of the discipline. This concise and well-researched book […]

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    To really ‘take back control’, democracies must reclaim power over the production of money

To really ‘take back control’, democracies must reclaim power over the production of money

Democracy has failed to protect society from the predatory behaviour of global financial markets, writes Ann Pettifor. Drawing on her new book, she explains why the monetary system has made society vulnerable, and how it needs to be transformed.

Ten years after the catastrophic failure of both the global banking system and the global economy, economic disorder is once again […]

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    Book Review: The End of Ownership: Personal Property in the Digital Economy by Aaron Perzanowski and Jason Schultz

Book Review: The End of Ownership: Personal Property in the Digital Economy by Aaron Perzanowski and Jason Schultz

How has the digital era changed notions of ownership? In The End of Ownership: Personal Property in the Digital Economy, Aaron Perzanowski and Jason Schultz explore how digital products are typically licensed rather than owned and defend the continued importance of personal property in the digital economy. While Christopher May is somewhat frustrated by the exclusive focus on US law and […]

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    Do economists change the financial system, or does the financial system change economists?

Do economists change the financial system, or does the financial system change economists?

How does received knowledge vis-a-vis our financial system emerge and change? Here, Michael Lee explores how ideas about the economy have come into existence and gained acceptance in contemporary UK and US economic thinking.

Imagine a world where Milton Friedman received more encouragement in art, and less in math as a child. Young Milton might have become an artist instead […]

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    How Article 127 of the EEA Agreement could keep the UK in the single market

How Article 127 of the EEA Agreement could keep the UK in the single market

Much of the discussion around Brexit has focused on when the UK will formally trigger Article 50 of the Lisbon Treaty and begin the process for leaving the EU. As Gavin Barrett writes, however, the procedure for leaving the single market is potentially more complex due to the UK’s participation in the European Economic Area, which has its own […]

January 7th, 2017|Brexit, Featured|7 Comments|
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    Why historical perspectives on austerity can mislead if macroeconomic relations are ignored

Why historical perspectives on austerity can mislead if macroeconomic relations are ignored

In a recent article, Christopher Hood and Rozana Himaz put the recent era of austerity into historical perspective. Here, Geoff Tily offers a different analysis of the data, and argues that macroeconomic relations must also be taken into account.

Christopher Hood’s and Rozana Himaz’s retrospective on UK austerity argues that the current ‘period of public spending restraint’ fits into a […]

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    Britain’s ‘radically redundant’ industrial policy will not halt manufacturing decline

Britain’s ‘radically redundant’ industrial policy will not halt manufacturing decline

Reviving British manufacturing through industrial policy has been one of the most consistent themes of economic policy discourses in Britain since the financial crisis. Accordingly, Theresa May made the creation of an industrial strategy a central pillar of her programme for government – yet , as Craig Berry argues, there are few signs that her government will embark on […]

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.