economy

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    Why the Conservatives may not be the party of sound finances after all

Why the Conservatives may not be the party of sound finances after all

The 2017 Conservative Manifesto promises “a strong economy built on sound public finances”. In this third and final article on the political economy of that manifesto, Abby Innes explains why the Conservative Party has, over its years in government, demonstrated a poor understanding of what free markets actually require.

The Conservative Manifesto promises it will be the party of sound […]

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    The economy and the Conservative manifesto: economic imagination in a time warp

The economy and the Conservative manifesto: economic imagination in a time warp

Abby Innes offers the second in a short series of articles on the political economy of the manifesto. Here she considers how the party’s economic strategy is made up of incompatible ideas and paradoxes.

“A strong economy built on sound public finances, low taxes, better regulation and free trade deals with markets around the world…a new deal for ordinary, […]

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    Post-Brexit Industrial Strategy: a curious complacency hovers over the General Election

Post-Brexit Industrial Strategy: a curious complacency hovers over the General Election

Unlike during the 2015 campaigns, the state of the economy is not at the forefront of this general election. Neither is one of the UK’s biggest economic problems: productivity. Peter Kenway and Dan Corry write that solving this problem should be the primary goal of the institutions responsible for industrial strategy.

Debate about the state of the economy was centre-stage […]

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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 […]

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.