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    Economics / capitalism, democracy, plutocracy /

    Spot The Crisis

    July 21, 2016

    We hear it all the time. It is a relentless drum beat on the left. Capitalism, we are told, is in crisis. This crisis is manifested in all sorts of ways. We – meaning those of us on the left – need to prepare. We need to counter attack. We need to seize this moment […]

    Economics / capitalism, democracy, economic theory, Keynes, plutocracy /

    Notes to Myself

    July 20, 2016

    First. With respect to my summer reading. I have always been fascinated by information. Its role in the economy; its nature; and its effect on our institutions. Equally I am usually horrified by the abuse information gets in economic theory. To me asymmetries of information are the reason economies exist. They are the cause of […]

    Economics / capitalism, democracy, economic theory, Keynes, University of Chicago /

    Partying Like It’s 1848

    July 18, 2016

    This is not a time to dwell on the inconsistencies and even contradictions of the recent uprising of populism in the western world. Treat it as a fact. It just is. For there can be no mistaking the trend: people, large numbers of people, in a large swathe of Europe and America really are unhappy […]

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