Category Archives: Uncategorized

Get real — Greece edition

It was natural that a platform like that of the Syriza party would emerge in Greece. Essentially: “We’ll do all the right things (confront our creditors, etc etc), and you don’t have to part company with the euro.” After all, who would … Continue reading

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Digesting the business angle of #indyref

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Disappointing reasons to vote No

A response to Ewan Morrison’s “Yes: Why I joined and why I changed to No“.Ewan Morrison discusses why he was turned off the Yes campaign. To summarize, as faithfully as I can:(1) Morrison joined the Yes camp in the hope of … Continue reading

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Infantilisation of the electorate

The subtext of some of the key arguments against a ‘Yes’ vote is infantalising. For example:‘You shouldn’t be supporting a vainglorious leader/party’ i.e. Alex Salmond/SNP. ‘You won’t have a currency union, and there’s no Plan B’. Even if these are true … Continue reading

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Sham investment bank research

European monetary union represents a major step on the road to European integration. The euro will promote not only economic prosperity but also political stability by leading to intensified cooperation among the countries of Europe, a stronger focus on common … Continue reading

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Small states > Big states

In 1957 in his classic book The Breakdown of Nations economist and political scientist Leopold Kohr persuasively and rigorously argued that small nations are the natural order having been throughout history the engines for enlightenment, innovation, mutual aid and the … Continue reading

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Scotland

I can’t say how I’d vote “if I were a Scot”. If I were a Scot, I wouldn’t be me. But I can tell you my opinion: Yes; for independence. Better still, I can address the currency question.On the politics, George Mombiot makes the case in I’d … Continue reading

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The eurozone crisis and the Great Depression — lecture slides and audio track

Click here for the PDF of slides of my talk on the Euro-area crisis and its parallels in the Great Depression. Click here for the MP3 audio file accompanying these slides. Note: After the first couple of minutes, I do state which … Continue reading

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Finally a difference of opinion with Krugman

There’s a reason he’s been called Krugtron. Oppose him at your peril. Nevertheless, I’d personally play down the ‘financial catastrophe’ angle of failure to raise the debt ceiling. Krugman in today’s NYT: “it looks quite possible that default would create a huge … Continue reading

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The jobs problem: structural mismatch, or inadequate demand?

Is the high unemployment rate something we have to get used to? “Yes” say the ‘structuralists’ who view the problem as one of mismatch between the jobs needed by the modern economy and the skills offered by the workforce. Since … Continue reading

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