Crypto Currencies: A Note Central Banks are attacking crypto-currencies. An example is Frank Elderson, who is Vice-Chair of the Supervisory Board of the ECB, recently (March 16th) said that: "Crypto-assets are volatile. They lack any intrinsic value and there is no reliable institution backing them." Some commentators have, users of Bitcoin for example, have argued that this is outdated thinking, and that Bitcoin is now Read More

"The Revolution of Civil Society"   New Book by Michael Lloyd From Locke to Hayek to Trump: The Trail of Neo-liberalism and the Need for a New Social Enlightenment How Did We Get Neoliberalism? John Locke was a philosopher of the British Enlightenment in the 17th century. His views, together with his Scottish contemporary, Adam Smith, ushered in the concepts of liberal individualism and the unmediated, by human Read More

Preliminary Remarks Perhaps the most startling aspect of the result of the 2016 referendum has been the alacrity with which politicians and the media have interpreted the result as a 'decision' of the UK to leave the EU and as the 'unchallengeable will of the British people'. Both these positions ignore two salient facts. First, no constitutional decision has yet been made. Any such decision is for the UK government and UK Read More