A brief history of money

The following is an extract from the unpublished book: Peoplons, Charmons and the Strange One: the uncertain science of economics by C. S. Adams, Illustrated by Cohenbaum. Tokens of exchange: In the economist’s book of myths and legends, money was invented to solve the “double coincidence-of-wants” problem in a pair-wise economic exchange. Paul the baker wants a… Read more

Economics 101

One of the core aims of  Progressive Pulse is to increase economic literacy and in particular macroeconomic literacy. To help in this you may have noticed that some posts are being labelled “Economics 101”. you simply need to click on the “Economics 101” tag at the top left of this post (under my mugshot and… Read more

Wonders to Perform

It must have started with Adam Smith’s ‘invisible hand’. As Conventional religion has gradually declined, the Economy seems to have risen to a greater and greater importance and taken its place. Fortunately, most of us can still feel good because the Economy has most of the ingredients of a religion: jargon, ‘high priest’ specialists, holy… Read more

Follow the money

There is one simple rule that most economists agree on: prosperity = productivity The Chancellor understands this – productivity was mentioned 10 times in his recent Spring Budget speech. He said: Simply put, higher productivity means higher pay. and went on to say that Britain’s problem is a productivity problem We are 35% behind Germany and… Read more