Technically not the budget, but here are some links and notes … TBH, not as bad as I expected but like many others I ask if its enough.
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Germany’s future
In this article in the New Statesman, Walter Münchau looks at the macro-economics and industrial policy of Germany and predicts its failure and notes the effect of ‘leaving behind’ the old East in particular in its politics with the rise of the AfD. The article is subtitled, “The country is in economic and political crisis…
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Backtracking on macro- & climate change
What’s going on with Labour’s policy making? We are waiting for an NPF meeting, but that doesn’t seem to inhibit the front bench? This is a note on Reeves, her rules and macroeconomics.
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On Sunak’s Macroeconomics
While Rishi Sunak is busy defending borrowing based deficits in the Tory Leadership election, he gave a lecture earlier in the year, setting out his modern supply theory motivations. This is half bollocks, a quarter some interesting problem definitions, leading to some disappointing solutions. Here are my notes.
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Unemployment and Income in Europe
I was looking at some economics of the EU and decided to plot income and unemployment, I was hoping to see how much geography made a difference. Here are my notes …
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Duesenbury’s ratchet theorem
I came across this a long time ago, while studying for my a-levels, so thank you Mr Sidemouth, but I have not heard much about him since. While considering the Tories attempts to reduce the penurious universal credit payments, and my own experiences as I move into retirement I am reminded of the ratchet. Here…
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Crisis & Renewal
Here’s some reading on the crises of capitalism and capitalist renewal. Mostly Marxist. Enjoy!
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Growth and Income
I was having another look at the macro-economics of the country. I was looking at growth (δY) and income distribution ( 1 -L(Y) ). I have built some growth charts but have run out time for the moment on income distribution, partly because the stats aren’t saying what I’d hoped. Perhaps ONS don’t measure this…
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Macroeconomic facts and sources
This is the research companion piece for my article on MMT & International Trade. Here are my notes.
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About MMT
Some left economists have started to critique MMT, I have written a recent blog article but like the rabbit hole to Wonderland, there’s always more. Here are my notes.
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Stability & Growth Pact
I originally made this page in 2018, to collect my notes on the single market and the stability and growth pact. The pandemic blew the EU of course on this with most of the economies of the EU missing their macro economic goals; the Stability & Growth Pact commits its signatories to keeping to an annual…
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