Tag Archives: Edmund Burke

More UK politics than MMT, but worth reading for Bill's take on British democracy. He also has some interesting words on Edmund Burke and his contemporary applicability.Bill Mitchell – billy blogBritish Labour surrenders to the middle class and big business interestsBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

The takeaway: The appropriate modes of economic organization vary from country to country. In saying this, I’m following Edmund Burke, who wrote: Circumstances (which with some gentlemen pass for nothing) give in reality to every political principle its distinguishing colour and discriminating effect. The circumstances are what render every civil and political scheme beneficial or noxious to mankind. The answer might lie in a distinction made by Burke as described (pdf) by Jesse [Norman]....