John Kay argues that ‘the idea that manufacturing is the central economic activity and everything else is somehow subordinate’ ignores the importance of other forms of employment.
Jonathan Portes, director of the NIESR, discusses the faith-based foundation of the argument that the government’s ‘credibility’ is responsible for lower gilt yields on his Not the Treasury View blog.
Simon Wren-Lewis looks at the performance of Greece relative to prior forecasts on his Mainly Macro blog and points out that the ‘squeeze and hope’ strategy has been disastrous.
Larissa Hansford condemns the government’s poor record in dealing with inequality on The Staggers blog.
Daron Acemoglu and James Robinson chastise Lord Lawson’s citing of their analysis in the book Why Nation’s Fail to argue against aid spending despite the core of their argument not being reflected in his policy prescriptions.