Comment on macroeconomic issues
Thursday, 18 January 2018
What Carillion tells us about public sector outsourcing
Jeremy Warner, an editor at the Telegraph, once said there are either big state people or small state people. I felt the same way followin...
Tuesday, 16 January 2018
The problem with a second referendum
My last post upset a few people who are campaigning to reverse Brexit, because I was so pessimistic about the chances of a second referend...
Thursday, 11 January 2018
Does Brexit end not with a bang but a whimper?
Most media commentary on Brexit makes a huge mistake. It focuses on what the UK government may wish to do or should do. The first stage agr...
Tuesday, 9 January 2018
Why does economics get so much stick?
Because the advice of economists is so hopeless, you may say. Well think about the following thought experiment. After the financial crisis...
Saturday, 6 January 2018
Why the microfoundations hegemony holds back macroeconomic progress
When David Vines asked me to contribute to a OXREP (Oxford Review of Economic Policy) issue on “Rebuilding Macroeconomic Theory”, I think ...
Thursday, 4 January 2018
Minimum Wages, Monopsony and Towns
Alan Manning has a very good article in Foreign Affairs about minimum wages. The impact of minimum wages on employment is a politically ch...
Tuesday, 2 January 2018
Leave and the Left Behind
I argued at the end of last year that immigration was an attractive issue for the right, because it offered the possibility of capturing v...
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