Normality is the problem

Most will be aware of recent large demonstrations in Chile in favour of greater equality. These often comprised around a million people – a remarkable turnout in a country with a total population of about 19 million. Demonstrators were met with violent military intervention and curfews. The state of emergency has now been rescinded and… Read more

Understanding monetary ‘plumbing’ and where it gets us

There is an interesting podcast from the American site Macro’n Cheese with the Scottish Professor Mark Blyth, who, though he long ago emigrated and has become Eastman Professor of Political Economy at Brown University in the US, he has certainly managed to hang to most of his Dundonian dialect! I have to say I usually… Read more

Westminster: Most Similar Country Ireland? – A new EU Regional Productivity Analysis

Introduction An interesting paper “The big European sort? The diverging fortunes of Europe’s regions” has been published by the Centre for European Reform (CER). Such papers are of great interest at PP. The paper analyses regional productivity. As a single metric productivity is one of the best, but as Charles Adams says, in order to… Read more