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It is a truism that Britain needs more houses. As the population has grown, average household sizes have fallen—from four before the...
Watching the progress of Scottish nationalism is like watching a teenager grow up. Last year, at the age of 18, Scotland’s devolved parliament finally...
In a wide-ranging interview, he explains why he fell in love with economics, what big banks and taxi drivers have in common, where modern finance has gone wrong, why economists should admit there are somethings you cannot predict and the new book he is working on with his old colleague Mervyn King.
The Labour and Conservative party election manifestos mark a retreat from the economic liberalism of the years from 1980 to 2015. There is a risk that the real achievements in removing obstacles to productivity and innovation will be steadily eroded.
There is wide agreement that Brexit and Trump's election were caused by economics. But this and the prescriptions - tweaks to the income distribution, more aid to failing industries and districts - understate the scale and nature of the problem.
As politicians vie with each other to express their love of manufacturing industry, John pulls together thoughts developed over three decades on what he has come to call the 'manufacturing fetish'.
Last week I received a communication from the Electoral Commission about the coming EU referendum. The pamphlet states the case for each side and gives instructions on how to vote. At first sight that process epitomises democracy in action. But on closer examination the leaflet illustrates why momentous decisions should not be made this way.
The problem of western democracies such as Britain and the US is that the institutions of a two-party system in which alternating governments compete to attract votes in the centre do not work well when politics is no longer arranged on a one-dimensional spectrum from left to right. Recent political upheavals are only the start of the resulting instability.