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March 9, 2021
BUT while for the reasons we have stated we are pleased that the Council rejected the motion of appointments and salary, we must join issue with Sir John Maynard as regards one or two of the grounds o
March 5, 2021
From the November-December 1955 issue of the Western Socialist Classical economy, whose beginning is usually traced to Adam Smith, found its best expression and…
March 2, 2021
The end of that article asked the question, What about global Capitalism: can it survive in its current form? and his answer is a neat outline of the history of capitalism since its inception through to today: Pure global capitalism, such as it was, developed from around 1500 to the end of the 19th century. It was at the end of the 1920s. It was replaced over the course of the succeeding decades by a mixed economy, rooted in the pragmatic reforms of the American New Deal, the exigencies of...
February 27, 2021
THE greater part of Sir John Maynard’s statement in introducing the provincial Budget for 1921-22 was naturally devoted to explaining the financial powers and responsibility of the local legisla
February 10, 2021
Draghi Keeps Italy Guessing on Which Super Mario Will Emerge Bloomberg 2/10/2021 Alessandra Migliaccio (Bloomberg) -- Mario Draghi’s yet-to-be fulfilled leadership of Italy’s next government is keeping people guessing about how much he will draw upon his prior career roles when in office. Within the country, the likely next premier is often remembered as the man who oversaw its biggest privatizations -- a proactive financier applying market solutions to tough problems. Els...
February 9, 2021
Online supermarket will at some point be asked to pay to help prevent the death of the high street
February 2, 2021
GraphicaArtis/Getty Images In the early twentieth century, Irving Fisher was arguably the greatest economist in the world. But today he is best known for asserting in the New York Times that stocks had reached "a new and permanently high plateau" just two weeks before the great Wall Street crash of 1929. Another great early twentieth century economist who failed to anticipate the crash was John Maynard Keynes. Both Fisher and Keynes lost a lot of money in the crash, but they respon...
January 17, 2021
Best walks in Cambridge: Historic walk with some of the best views in the city and a secret nod to Winnie The Pooh Theres something for everyone on this short walk - which takes you from the House on Pooh corner to Cambridges last execution site Castle Mound offers glorious views over Cambridge (Image: Lottie Limb) Sign up to our newsletter for daily updates and breaking newsInvalid EmailSomething went wrong, please try again later. Sign up here! When you subscribe we will use the information y...
January 13, 2021
by Frank Shostak via Mises For most experts a key factor that policymakers should be watching is the ratio between actual real output and potential real output. The potential output is the maximum output that the economy could attain if all resources are used efficiently. In Q3 2020, the US real GDP–to–potential US real GDP ratio stood at 0.965 against 1.01 in Q3 2019. A strong ratio (above 1) can be of concern because according to experts it can set in motion inflationary pressures. To ...