A Panacea for the Eurozone Problems

A Panacea for the Eurozone Problems? Concern about the stagnation of economic growth in the Eurozone is again growing. Unemployment is still unacceptably high in a number of the Eurozone countries, notably Italy, Spain, Greece, Portugal, and Ireland. At 0.3% the rate of inflation is well below the mandated rate of just below 2% and fears of deflation have not gone away. The latest ECB growth forecasts are for 0.8% in 2014 and 1.0% in Read More
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NHS Funding

Comment on the NHS 5-Year Forward View Funding There is considerable confusion over the figures in the recently published NHS Forward Review. The funding scenarios in the Forward View are less than transparent in what they suggest. This is because the scenarios encompass a) funding requirements for infrastructure and operational investment, b) an attenuation of demand pressures, and, only partly explained, suggested efficiency Read More
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A Review of Capital in the 21st Century by Thomas Piketty

In drawing attention to income and wealth inequalities across the globe – based on
an impressive array of historical data – Thomas Piketty has provided a considerable
service to an economics profession obsessed, as he argues, with spurious
mathematical modelling. However, what is far less certain is whether he delivers
what his book “Capital in the 21st Century” Read More
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