What, exactly, is the question to which Brexit is the answer?

A very simple indication of Britain’s future ‘global’ inadequacy is the EU’s deal with Mercasur, the South American customs union comprising Argentina, Brazil, Paraguay and Uruguay. (Venezuela is a full member but has been suspended since December 1, 2016). Associate countries are Bolivia, Chile, Colombia, Ecuador, Guyana, Peru and the small (population 0.5m) ex Dutch… Read more

What a state we’re in

I see Fintan O’Toole is, again, pointing out the inconsistencies and logical failures of the two remaining prospective Conservative Party leaders. Indeed, as he implies, if there were actually a technological solution to the ‘Irish backstop’ then they do not need to bother their not so pretty little heads about it. Because a border without… Read more

The Atlas of Economic Complexity and UK and Irish Exports over the past decade

Introduction Previously the MIT based Observatory of Economic Complexity (OEC) has featured in PP posts, but another  resource (Harvard), the Atlas of Economic Complexity, (AEC) has not. It is a useful trade resource and well worth exploring as it seems to have more visualisation options than the OEC. Much of the underlying data is the… Read more

The David McWilliams Podcast

Introduction Prof David McWilliams is an Irish economist, broadcaster and author and has recently launched a new podcast. McWilliams is ranked as one of the World’s most influential economists according to rise.global. The podcast is not wholly about Ireland and diverse topics are discussed. What is interesting is that McWilliams is very much on the… Read more

Sticking to Neoliberaslism

I see Simon Wren Lewis is puttting his oar in in support of James Meadway – in the sense that he is supporting his Fiscal Credibility Rule (FCR). This same article is also, by the way, published in the New Statesman. Since Simon Wren Lewis (together with Jonathan Portes – both former Treasury Civil Servants)… Read more

The Brexit breaker?

I’ve long considered that the weak point in so called Modern Monetary Theory (MMT) is how exports and imports are considered. Of course, in the UK, we must realise that as a deficit (as in trade deficit) nation we need foreign investment. While Chris Williamson MP has a tendency to speak truth unto power and… Read more