Economic fallacies: is it time to work more, or less?

Originally posted at the Guardian Sustainable Business blog.


Decision Day for HS2: Good for politics – likely a waste of money for the public

The minute you question the High Speed 2 proposal you are assumed to be against it. But like it or not there are legitimate unresolved questions about the real value of the investment. Despite Transport Secretary Justine Greening’s confident declaration this morning, without a more open analysis the mammoth HS2 investment is still a blindfolded gamble.  


Why competition is the main issue

Originally posted at Liberal Democrat Voice.

One of the many frustrations with our dysfunctional banking system is that we have nowhere else to go unless we want to keep our money under our mattresses.


A revolution you can eat

For more than a decade now, nefhas been developing the idea that local food production can underpin thrivinglocal economies.

It is an idea that builds onour concept of using money flows more effectively. You don’t always needextra money to revive your local economy – it can be a matter of using theexisting money better so that it doesn’t flow out again at the firstexchange. 

Building a diverse network offood businesses can help here.


A statistical light goes out

I returned to work after the holidays to hear that a great statistician of our times had sadly passed away, Roger Jowell. I knew Roger as the Director of the European Social Survey (ESS). The ESS is probably the most well respected international social survey in the world and won the Descartes prize for science in 2005 – the first social science project ever to win it. I had got to know him personally over the past eight years as nef’s National Accounts of Well-being work was all based on ESS data. More

Two billion reasons to rethink the economy

Startling research published by the TUC today calculates that the unpaid overtime worked by British employees is equivalent to more than a million extra full-time jobs. That’s two billion hours given to employers for free. It’s also two billion hours that people don’t spend with their families, volunteering in their communities, exercising, or just relaxing.


Retail has its own squeezed middle

Originally posted at Comment is free.


Where next for the fight against economic inequality?

In 2011 we saw protests of epic proportions, and I’m not just referring to the Arab Spring. The global scenes of thousands of regular citizens chanting and waving banners with the slogan of “we are the 99 per cent” brought joy to those of us who have been harping on about the injustice associated with economic inequality for some time. I still can’t quite believe it. But it did happen and, despite the Occupy movement’s mother camp in New York City being forced out of its original site, protestors from London to Los Angeles refuse to be silenced. More

Financial Times’ Economists Survey: Monetary Policy

Once again, inflation, however measured, is not Britain’s big problem. We can bear some, and almost certainly more than we have at the moment. The challenge is to reboot the economy, but to do so in such a way that we don’t return to debt-fuelled overconsumption. The way for the Bank of England to do this is to ensure that low cost capital is available to invest in re-engineering Britain to be a future-proof low carbon economy. More

Ed Miliband is not the leader of the opposition

Originally posted at Comment is free.


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