Pankaj Mishra has lamented the decline of liberal rationality In an article in The Guardian today, Indian author Pankaj Mishra lamented the apparent decline in liberal rationality. “Committed to seeing the individual self as a rational actor, we fail to…
The problem with productivity
The fall in the rate of growth of labour productivity is a sign of that advanced economies could face a long period of low economic expansion and financial instability, UCL professor Michael Jacobs told the Rethinking Capitalism meeting last night…
Trump and the intangible economy
Donald Trump’s presidential victory was a shock but unsurprising given the billionaire’s success in defying the sceptics every time he was tested since he announced his candidacy last year. It represents a further challenge to the consensus about the trajectory…
Single market myths
The debate about Britain’s future outside the EU is focussing on the single market and the implications of the UK leaving it. The single market is probably the least understood element of the EU convergence programme. The customs union –…
Why Stalin would have loved the Single Market
The Single Market is emerging as the key issuing facing UK decision-makers following Britain’s decisive vote in June to leave the EU. It’s something that both the government and Britain’s main opposition Labour Party insist they do not want to…
Economists say they got Brexit effect wrong
Economists are admitting that they were wrong about the short-term negative impact of the Brexit vote on the British economy, the Wall Street Journal reported today. “The negative impact of the UK’s vote to leave the EU on growth in…