For years after becoming director at nef back in 2003, the question nagged away at me. How could we make the Great Transition to a new economics happen if we just did it in the UK? Was it possible at all if we weren't working simultaneously in the USA?
I'm glad to say that the nagging paid off, because in the last few years we have been forging an exciting relationship with a major new force in the USA - the New Economics Institute, our sister organisation.More
It is peculiar how politics works.
We have been collectively wringing our hands about the implications of Open Public Services, worrying about whether small local or voluntary sector suppliers would be pushed aside. Then – all the time – below the radar a something has been emerging that is set to make a major difference to the way public services are commissioned.More
Back to Greece. Two weeks, this time, before the latest ‘rescue’ package started to unwind, which under the circumstances might be considered a success. The problem here is private sector involvement in the deal: not all of Greece’s many and varied private creditors want to write off a great chunk of their loans.More
In a letter to the Financial Times last week, Dr Stelios Zyglidopoulos suggested that the treatment prescribed by the EU troika for Greece bears an “eerie resemblance to the now obsolete practice of blood-letting, which was practised by medical doctors for almost 2000 years.” Economists, and the politicians who take their advice, lay claim to special knowledge as to why we periodically plunge into economic recessions. More
The great humorist and new economist G. K. Chesterton complained once that no true patriot would ever say 'my country, right or wrong' - “It is like saying: ‘My mother, drunk or sober!’”
I was reminded of this by David Cameron’s bizarre misunderstanding of the public mood about business.More
The last 10 days have seen things turn from bad to worse for Iain Duncan Smith and his cherished Work Programme. First Tesco was caught advertising for night shift workers who were going to get paid their jobseekers allowance (!) plus expenses. More
In their Economist article last week, Mario Blejer and Guillermo Ortiz (former central bank governors of Argentina and Mexico respectively) argue that the Argentinean devaluation experience should constitute an example not to follow in the case of Greece. Despite Greece’s shrinking economy and devastating social condition More