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The next assault upon economic logic to arrive in the bookshops is coming from Isabella Weber. The Guardian is already drooling over ‘Anti-Fascist Economics: In Defence of Affordability, Dignity and Democracy’ which means, obviously, that all proper-thinking residents of north London will be doing so as soon as they can. Weber is an economics professor […]
In 2010, Paul Krugman wrote a New York Times column titled ‘Learning From Europe’. For decades, Europe was the model that American left-leaning economists wanted America to follow: a big welfare state, generous welfare programmes and large-scale redistribution. But it seems something has changed. Krugman has now written about France being on a ‘fiscally unsustainable […]
There are many phrases of Adam Smith that are well worth echoing today, and one of the most significant is this: ‘The end of all production is consumption.’ It is not to create jobs. The people who talk of new industries creating many new jobs are putting the cart before the horse. The aim of […]
