Economy

ONLINE ONLY: Thoughts from a Hospital Bed

Fri, 24 May 2013 16:34:40 +0100

Author:Lincoln Allison

If Only

Frances Weaver — Tue, 23 Apr 2013 09:25:46 +0100

Author:Christopher Fildes

The latest in if-only economics comes from Japan. The central bank’s new governor, Haruhiki Kuroda, plans to print more yen until the rate of inflation reaches 2 per cent — on its way up, that is. There, with any luck, it will meet our own rate of inflation, coming down. Then we can all relax.

It is to Sir Kit McMahon, who was deputy governor of the Bank of England, that we owe the concept of if-only economics. This consisted (he said) of picking one economic indicator and hanging policy on it like a hat-peg, or using it as a target, in the belief that if only we could hit it, everything would be all right. If only.

Tweet Value

Frances Weaver — Mon, 22 Apr 2013 14:55:01 +0100

Author:Tim Congdon

A well-known passage in Edmund Burke's Reflections on the Revolution on France cast aspersions on economists, and bracketed them with "sophisters" and "calculators". To be precise, "The age of chivalry is gone; — That of sophisters, economists, and calculators, has succeeded, and the glory of Europe is extinguished forever."

The Legacy of John Maynard Keynes

Frances Weaver — Mon, 22 Apr 2013 11:42:21 +0100

Author:Karen Horn

Bloomsbury bohemian: Keynes painted by Gwen Raverat in 1908, the year he left the India Office and returned to Cambridge