Most people in this country have probably never heard of The Forgotten Depression, the title of a new book by … Continue reading “The Forgotten Depression”

An interview with Professor John B Taylor, Mary and Robert Raymond Professor of Economics at Stanford University and the George P. … Continue reading “Interview with Professor John Taylor”

Professor David Laidler explains how macroeconomic policies can go wrong  

During a briefing on 5 November 2008 – conducted with big wall-chart graphs – about the ongoing financial ‘crunch’, the … Continue reading “More macro-quackery”

Google Cameron global race and you get a depressing 33,000,000 responses. Google Osborne global race and you get a depressing … Continue reading “Cameron and Osborne race to the bottom in economic literacy”

What we call “Keynesian” economics is not some minor sub-division of economic theory but is the very essence of macroeconomics … Continue reading “The tragic failure of Keynesian economics”

I approached SuperFreakonomics with great hope but also mild trepidation. The great hope was that Levitt and Dubner had pulled … Continue reading “John Blundell reviews SuperFreakonomics”

The word is getting out that Keynesian economics is worthless as a guide to policy. Criticisms of public spending are … Continue reading “Keynes versus the classics – the true story”