Not Cyclical but Secular.

World Economics Vol. 23 • No. 1 • January–March 2022, 11th April 2022 Key Points • Classical economics assumed that interest rates would adjust, or could be adjusted, to ensure that there was no mismatch between private sector intentions to save and invest. Interest...

Japan: Investment and Growth

World Economics • Vol. 22 • No. 3 • July-Sept 2021, 1st September 2021 The Japanese economy has been growing at less than 1% over the past 20 years. This is a marked fall from its previous trend. • This decline cannot be explained by any weakness in business...

Corporation Tax

World Economics • Vol. 22 • No. 2 • April–June 2021, 1st July 2021 Key Points • Corporation tax is a tax on investment. Current plans to increase the rate in the UK and the USA will, if implemented, severely damage their economies. • That such self-destructive folly...

Corporation Tax

Summary. • Corporation tax is a tax on investment. Current plans to increase the rate in the UK and the US will, if implemented, severely damage their economies. • That such self-destructive folly is not being opposed and seldom even debated results from the weakness...

Short-termism: The False Debate.

This paper was submitted to The Harvard Review, but was not published: The Harvard Business Review January–February 2021 includes an article by Lucian A. Bebchuk Don’t Let the Short-Termism Bogeyman Scare You in which he claims that “articles…decrying the perils of...