Author Archives: bill

Distributional conflict and inflation – Britain in the early 1970s

In the previous instalment of this series of blogs I am writing, which will form the input to my next book on globalisation and the capacities of the nation-state, which I am working on with Italian journalist Thomas Fazi, I … Read the rest of this entry »

Posted in Britain, Demise of the Left, UK Economy | 12 Comments

IMF groupthink and sociopaths

It is easy to get distracted by other important events in the last week by the enormity of the information that has been released in the so-called – The Panama Papers – which document around 40 years of secretive banking … Read the rest of this entry »

Posted in Eurozone, IMF | 8 Comments

Finland’s problem is exactly the euro!

I have noticed a creeping trend in the European press over the last 18 months or so claiming that Finland’s economic malaise, which continues to deteriorate, is nothing to do with the euro. The latest effort in this campaign of … Read the rest of this entry »

Posted in Eurozone | 11 Comments

Fiscal policy is a potent instrument for productivity growth

Sometimes we have to take a longer look at things to see the present in perspective. Greece has been a living experiment for the neo-liberal Groupthink machine that is the Troika. We rarely experiment on humans on any sort of … Read the rest of this entry »

Posted in Eurozone, IMF | 24 Comments

The Weekend Quiz – April 2-3, 2016 – answers and discussion

Here are the answers with discussion for this Weekend’s quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it … Read the rest of this entry »

Posted in Saturday quiz | 3 Comments

The Weekend Quiz – April 2-3, 2016

Welcome to The Weekend Quiz, which used to be known as the Saturday Quiz! The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only … Read the rest of this entry »

Posted in Saturday quiz | 5 Comments

British trade unions in the early 1970s

The mainstream economics (by which I mean neo-classical economics and its siblings in a History of Economic Thought context) constructs trade unions as being market imperfections that interfere with the freedom of supply and demand to determine optimal price (wage) … Read the rest of this entry »

Posted in Britain, Demise of the Left, Labour costs, UK Economy | 14 Comments

The CEDA Report – one of the worst ever

The public policy debate in Australia today has been hijacked by two ridiculous interventions. The first, being a proposal that the states be given back their income tax powers (which they voluntarily forfeited in 1942). It is an attempt to … Read the rest of this entry »

Posted in Economics, Fiscal Statements | 24 Comments

US economy – slowing down – fiscal stimulus needed

Last week (March 25, 2016), the US Bureau of Economic Analysis released their ‘Third Estimate’ of – Gross Domestic Product, 4th quarter 2015 – which showed that the US economy slowed rather appreciably in the last three months of 2015. … Read the rest of this entry »

Posted in US economy | 16 Comments

India’s national employment guarantee hampered by supply constraints

It is a holiday today and so my blog will be relatively short. The Mahatma Gandhi National Rural Employment Guarantee Act 2005 (MGNREGA) was proclaimed on September 7, 2005. It aims “to provide for the enhancement of livelihood security of … Read the rest of this entry »

Posted in Job Guarantee | 15 Comments