US – The High Risk of Another Financial Crisis.

by | Jan 5, 2022 | News, Papers

A detailed explanation of the economics on which this paper is based is set out in The Economics of The Stock Market (“TEOTSM”) due to be published on 10th March this year by Oxford University Press. Footnotes below give the chapters and figures in TEOTSM which set...

Not Cyclical but Secular.

by | Oct 1, 2021 | News, Papers

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

by | Sep 1, 2021 | News, Papers

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

by | Jul 1, 2021 | News, Papers

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

by | Apr 22, 2021 | News, Papers

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.

by | Feb 1, 2021 | News, Papers

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...