Archive for the Infrastructure Category

It is not just the Euro. Southern Europe faces a major structural crisis

Major shocks to social and economic systems ruthlessly expose weaknesses which can be contained in more normal times.  When the price of oil quadrupled in 1973/74, the different levels of resilience in the labour markets of Western Europe were quickly revealed.  Inflation initially rose sharply everywhere.  By

Read more

Could Ernie replace Andy? The Bank’s take on automation

The Chief Economist of the Bank of England, Andy Haldane, has been in the news with his predictions that up to 15 million jobs in the UK are at risk of being lost to automation. This is a huge number, around half the total number of people

Read more

Do markets solve the problem of discrimination?

The Prime Minister recently announced that the civil service will now introduce name-blind recruitment.  When people apply for public sector jobs, their name will not appear on the documents sent to the appointment panel.  Major companies such as HSBC, KPMG, the BBC and the NHS are following

Read more

CEO compensation and Jamaican demands for reparations: two sides of the same coin

David Cameron’s visit to Jamaica last week led to vociferous demands for the UK to pay the Caribbean island billions of pounds in reparations for slavery.  Most people here reacted with predictable eye-rolls and sighs.  Slavery was abolished throughout the British Empire in 1833, nearly two centuries

Read more

Why economics can prevent Europe’s refugee crisis from becoming even worse

Emotions are running high over the refugee crisis, with heart-breaking images arousing waves of compassion across Europe. As ever, however, economics lurks in the background. The tragic stories of refugees coming to Europe rightly elicit a call to help those in need, but we must understand the

Read more

Whatever it is, Corbynomics is not mainstream

A group of economists hit the headlines last week with their claim that Jeremy Corbyn’s policies are supported by mainstream economics.  Perhaps the best known of them is David Blanchflower, a Monetary Policy Committee member when Gordon Brown was Chancellor.  He predicted before the 2010 General Election

Read more

History shows why robots won’t destroy our jobs

Economics is often described as the dismal science, but it often contains cheerful material. A paper by the leading American economic historian Joel Mokyr made for exuberant holiday reading. Written for the top Journal of Economic Perspectives, it is entirely in English and contains not a single

Read more

Scandinavia provides the evidence for Osborne’s war on welfare

George Osborne’s budget has been met with predictable outrage from the poverty lobby.  The cuts to the welfare budget will allegedly create shocking levels of deprivation.  Young people in particular, it is stated, have been singled out for punitive measures.  On the face of it, the arguments

Read more

Do short-term governments affect the UK’s productivity?

Since the economic crisis labour productivity growth in the UK has been very poor. The Bank of England estimate that output per hour (productivity) is 16% lower than it should be given pre recession trends. With output recovering and high levels of employment, many argue that the

Read more

Obama allies lead the way on a positive approach to climate change

The fracking debate continues apace, with the announcement by the British Geological Survey that there are over 4 billion barrels of oil in the shale rocks of the South of England. The government has proposed new rules of access to land in order to speed up the

Read more

Contact Us

56-58 Putney High Street, London, SW15 1SF
Phone: 0208 878 6333
Email

Subscribe to our newsletter

Visit Us On TwitterVisit Us On Linkedin