Tag Archives: economics

MARK FERGUSON IS BEING WRONG ABOUT KEYNES AND BUDGET SURPLUSES

Mark Ferguson seemed like a decent, thoughtful bloke who did good work as editor of LabourList, so I was disappointed when he announced he was going to work for Liz Kendall’s campaign. I was even more disappointed today when he … Continue reading

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FRIDAY’S WORDS OF WISDOM: THE NEW FEW BY FERDINAND MOUNT

The blurb in the back of The New Few (or a Very British Oligarchy) by Ferdinand Mount (Simon & Schuster, 2012) rather modestly describes the author as a former columnist for The Spectator, Daily Telegraph and Sunday Times, editor of … Continue reading

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FRIDAY’S WORDS OF WISDOM: THE UPSIDE OF IRRATIONALITY BY DAN ARIELY

Dan Ariely is probably the best known voice in the popularization of behavioural economics. Behavioural economics represents the most significant challenge to the ideas of classical economic theorists built around notions of more-or-less perfectly rational individuals who calculate and diligently … Continue reading

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FRIDAY’S WORDS OF WISDOM: WHAT MONEY CAN’T BUY BY MICHAEL J SANDEL

Michael J Sandel opens What Money Can’t Buy: The Moral Limits of Markets (Farrar, Straus & Giroux, 2012) with a list (3-5) of some novel items that can be bought: In California prisoners can pay $82 a night for better, … Continue reading

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FRIDAY’S WORDS OF WISDOM: BEYOND OUTRAGE BY ROBERT REICH

Robert Reich has been banging on about the risks to advanced economies of increasing levels of inequality for longer than most.  The Work of Nations (published in 1991 and the book that got him headhunted by Bill Clinton’s campaign and, … Continue reading

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FRIDAY’S WORDS OF WISDOM: END THIS DEPRESSION NOW! BY PAUL KRUGMAN

I am slightly worried, given the brightly coloured cover of this book and the snappy title (screaming exclamation mark and all), that Paul Krugman’s End This Depression Now! (Melrose Road Partners, 2012) is going to end up in the hands … Continue reading

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FRIDAY’S WORDS OF WISDOM: A COUNTRY IS NOT A COMPANY BY PAUL KRUGMAN

A Country is Not a Company by Paul Krugman, (Harvard Business School Classics, 2009) is a brief essay that highlights the fallacy behind the notion that success in business automatically provides individuals with the insight necessary contribute advice towards the … Continue reading

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FRIDAY’S WORDS OF WISDOM: WHY SOME THINGS SHOULD NOT BE FOR SALE BY DEBRA SATZ

Why Some Things Should Not Be For Sale by Debra Satz is a work of political philosophy that critiques the assumptions that underlie much modern economic theory and the implications of those assumptions in the application of markets to real … Continue reading

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FRIDAY’S WORDS OF WISDOM: ZOMBIE ECONOMICS BY JOHN QUIGGIN

Despite the garish cover and silly title, John Quiggin’s Zombie Economics: How Dead Ideas Still Walk Among Us (Princeton University Press, 2010) is a book with a serious and timely intent – to rescue our societies from the disastrous effects … Continue reading

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FRIDAY’S WORDS OF WISDOM: THE COST OF INEQUALITY BY STEWART LANSLEY

The Cost of Inequality: Three Decades of the Super-Rich and the Economy (Gibson Square, 2011) by Stewart Lansley is an interesting book that seeks to build on recent works, such as Wilkinson and Pickett’s The Spirit Level, by arguing that … Continue reading

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