Letter to the editor: Government investment...
A comment on Mariana Mazzucato, (Newsletter no. 163)
Economists’ ‘Manifesto’ questions wisdom of austerity
As the European Union summit got underway in late June 2012, Nobel laureate Paul Krugman and LSE professor Richard Layard lay down a challenge to the seeming orthodoxy which says that public deficits are the main cause of the present economic stagnation.
Letter of support for the new central bank law in Argentina
The prevailing ideology over the last thirty years has been that the only legitimate task of central banks everywhere is control of inflation.
Understanding the Crisis: clarity on measurement, clarity on policy
John Weeks, School of Oriental and African Studies, argues for more precision in the current debate about fiscal deficits.
Fiscal stimulus improves solvency in a depressed economy
Dennis Leech Economics Department and Centre for Competitive Advantage in the Global Economy in the University of Warwick argues that the multiplier effect in a depressed economy may be larger than is commonly expected and could even be large enough to allow a stimulus package to be self-financing.
The National Debt in Perspective, by Robert Neild
The nation is now being persuaded that the problem of the national debt is so bad that we cannot avoid years of misery. A look at the history of the debt suggests a rather different picture. Prof Robert Neild, University of Cambridge, provides a historical perspective.
Two letters to the editor
Competition between the journals, from Paul Stoneham
The value of economists, from C Lowell Harris