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Economy

Here comes another crash

12 October 2015

The US Federal Reserve is preparing to raise interest rates, even though this would destabilise already fragile economies across the world – which are being told to prepare for a rise in corporate failures.

Not a real change

25 August 2015

This book by Christian Felber, an economist and university lecturer in Austria, outlines an “alternative” to the economic chaos and social suffering caused by financial capital. Some of his ideas are utopian; but there’s also stimulating thought about how to mitigate capitalism’s callousness.

No good comes from the rich

26 July 2015

All parliamentary parties hold the view that very rich people are good for the economy. By implication workers can only hope to have crumbs from the table. That’s never been a convincing argument – and this book from Andrew Sayer shows how the opposite is true.

New figures show scale of production crisis

29 May 2015

The economy grew by just 0.3 per cent in the first quarter of 2015, said the Office for National Statistics on 28 May, confounding – as ever – predictions from City analysts, who had been expecting higher growth.

EU membership: Britain’s choice

29 May 2015

The paper that won the Institute of Economic Affairs’ 2014 Brexit Prize argues that Britain could thrive outside the EU by improving our links with the rest of the world

Blundering to disasters

2 May 2015

This excellent book, recently updated, is a manual of policy-making and implementation. It analyses many of the most conspicuous policy disasters committed by governments in recent decades.

Welcome to the zombie economy

16 March 2015

A new book exposes the devastating impact of austerity across society, though it places too much faith in restoring the lost world of social democracy.

A dangerous idea

This book from a professor of international political economy recounts the intellectual and practical history of austerity and judges it a dangerous disaster. The author shows that austerity does not work as advertised. It does not reduce debt and does not promote growth; instead budgets are cut, economies shrink.

Twenty-five abnormal years

Normally we associate the workings of capitalism with attributes such as mass unemployment and economic downturns. But the twenty-five years following the end of the Second World War were markedly different from all other capitalist periods.

Boom produces bust

The surge in capitalist markets from 1997 to 2007 was only achieved by deliberate, reckless stimulation of credit growth, enacted through a combination of abnormally low interest rates (relative to inflation) and exceedingly lax regulation of both credit and housing markets.

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