The financial crisis of the past four years has seen a fall in incomes and rising poverty in the Eurozone, as well as an increase in the number of young people not in employment, education or training. Bart Cammaerts argues that the solutions to these problems no longer lie in the current neo-classical economic consensus. What is needed now is for economists […]
Singing to a different tune is easier once you have the skill to complement the willingness. Phillip Vannini isn’t the only academic who is trying to make research popular. Here, he explains how he has made a rule to produce a video, blog post or popular version of every article he publishes. This article first appeared on the LSE’s Impact of Social […]
Economics in denial, worrying about grade deflation and some extraordinary excuses: Top 5 blogs you might have missed this week
Howard Davies at Social Europe discusses how the disciplines of economics and finance may become more useful in explaining the world.
The Economist charts the fall of net migration under the coalition and wonders if this marks a sudden and big change for Britain.
Chris Cook at the FT data blog looks at GCSE grade deflation and why this matters so much to schools.
Mark Williams looks at how occupations relate to the massive rise in British wage inequality between the mid-1970s and mid-1990s, finding that growing inequality is largely between groups and is driven by a small handful of occupations. That Britain has become hugely unequal over the last few decades is a well-known fact. How inequality has grown is less well known. […]
The work of John Maynard Keynes shows us that counter-cyclical fiscal policy and an easing of austerity may offer a way out of Eurozone crisis
Debates between ‘Hayekian’ and ‘Keynesian’ perspectives constitute one of the main conceptual fault-lines of the Eurozone crisis. In the second of two EUROPP articles covering this debate, Simon Wren-Lewis looks at how the current programme of austerity and the view that the private sector can do little wrong may be driving the continent further into recession. Policymakers must instead embrace the Keynesian response […]
Lib Dems killing a Tory majority, liberalising immigration for growth and the wider implications of the Breivik verdict: Top 5 blogs you might have missed this week
Alex Hern at the New Statesman discusses the contention that liberalising immigration would double the world’s income overnight.
Simon Wren Lewis picks apart the facts and spin about fiscal policy and spending profligacy under Gordon Brown.
Jennifer Welsh at Politics in Spires argues that the UK government is in a Catch 22 situation with respect to Julian Assange.
Kiran Stacey at the FT’s Westminster Blog notes that a […]
Fiscal Consolidation during a Depression: the current economic pain could not have been avoided but could have been substantially reduced
John Van Reenen and Nitika Bagaria respond to the recent bad news on government borrowing by modelling three different fiscal consolidation scenarios. They argue that all scenarios point to the economy returning to long-run equilibrium, but note that the policy prescription to delay deficit reduction until after recovery is clearly under way is the most valid. Based on figures released by […]