As the pressures and contradictions of no-deal Brexit threaten the unity of the United Kingdom, further fissures are to be seen through the prisms of judical reasoning, in which English and Scottish judges view and interpet the world in utterly divergent ways.The English High Court (which included the Lord Chief Justice and...
Read More »South Africa’s moribund economy: searching for recovery in the wrong places
Redge Nkosi is the Executive Director and Research Head of Firstsource Money, a research organisation specializing in Money, Banking & Macroeconomics http://firstsourcemoney.org/In this first of a new series of “PRIME Papers”, the author looks at how post-apartheid governments have followed a neoliberal agenda which has failed to secure the...
Read More »What Labour would mean for Business
On 5 September, 2019 in a Financial Times video, Jim Pickard, political editor of the Financial Times, looks at how, behind divisions over Brexit and anti-semitism, there is a radical agenda led by shadow Chancellor, John McDonnell. Jim interviews a range of advisers, including Ann Pettifor, Director of PRIME. The video can be viewed here.
Read More »Jeremy Corbyn’s inner circles – from the FT
On 3rd September, 2019 the Financial Times published a visual survey of figures around Jeremy Corbyn, Opposition leader and head of the British Labour Party. The story can be found here: Ann Pettifor, Director of PRIME features in it. There is one minor error: Pettifor did not ‘step away’ from advising the Corbyn team after the European Referendum of 2016. The other economists on the advisory board stepped away…. Pettifor was the only one to remain. The following are...
Read More »Rethinking Britain – How to build a better future
By Sue Konzelmann, John Weeks and Marc Fovargue-Davies ‘Rethinking Britain: Policy Ideas for the Many’ is a publication of Policy Press (19 September 2019), in partnership with PRIME and the Progressive Economic Forum (PEF). Price £14.99, pre-orders £11.99 via Bristol University Press website. It is edited by Sue Konzelmann, Susan Himmelweit,...
Read More »From Hammond on to Johnson – where next for fiscal policy?
As Mr Johnson takes over as Leader of the Conservative Hard Brexit Cult, and by virtue thereof as Prime Minister, it is timely to take a quick look at what his economic and fiscal policy options are - at least in the lead up to DD-Day (Do or Die) on 31st October. It’s equally important to take stock of Mr Hammond’s record as...
Read More »The Minor Mystery of the Euro’s Trade Effect
The predilection for More Trade I do not consider an increase in inter-country trade a good thing in and of itself, though that view is common among economists and in the media. For most economists increased trade reflects a putative more efficient international allocation of resources derivative from competition on a global...
Read More »Of vaulting ambition, Macbeth, and what GATT Article 24 actually says
Macbeth:I have no spurTo prick the sides of my intent, but onlyVaulting ambition, which o'erleaps itself,And falls on th'other. . . .Boris Johnson is a moral (or is it amoral?) coward, dispenser of racist remarks, teller of untruths, and general political fantasist. Driven by ambition and lust for power, he appears to have no...
Read More »Thus Spoke the Bond Market
T Sabri Öncü ([email protected], @tsoncu) is an economist based in İstanbul, Turkey. This article was sent on 7 June 2019 and published first on 15 June 2019 in the Indian journal Economic and Political Weekly. Summary: Would market volatility amidst global trade tensions and uncertainty cause a global recession? Although...
Read More »International coordination saved the finance sector, but not the world
2018 was the 150th anniversary of the TUC, and the 70th anniversary of the Trade Union Advisory Committee to the OECD. As part of the celebration of these achievements, the TUC’s Economics and Social Affairs department organised an event “Lessons from the Great Financial Crisis” - on 12th November, 2018 – the day after Armistice day, and 100 years after the ending of the First World War. Several speakers, including ex-Prime Minister Gordon Brown, were invited to address the...
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