The government, by definition, owes a duty of care

I wonder if it is possible for those MP’s who consider many of their constituents to be lazy, scrounging, thieving, irresponsible and generally feckless, to be in a position to understand any of the consequences of their policies. To judge by a recent ‘Guardian’ report this is actually the only possibility that seems remotely comprehensible:… Read more

The Old for the Young – or Pensions for the Future?

There is much publicity about the University Pensions strikes. A solution has been suggested by Alexander Douglas Lecturer in Philosophy at the University of St. Andrews, who puts forward a government guarantee for the University Superannuation Service (USS). It sounds like self serving advocacy but he also suggests good reasons that this could be opposed including,… Read more

Diversity is Key

I’ve for some time been trying to advocate much greater diversity in the UK economy and I’ve often linked to this research, which suggests that economically diverse countries are more prosperous. To quote directly: inequality lives within a range of values that are determined by your underlying industrial structure. Which, being translated, means that if… Read more

Can you have too much education?

When Charles Adams posted “unless we stop thinking of education as a commodity, we will fall behind.” it set me thinking whether we should be offering a tertiary education as of right. Historically and indeed up until quite recently we have been gradually raising the school leaving age and now it is in effect 18… Read more

The payments balance…

There has been much discussion both here on Progressive Pulse as well as at Tax Reseach UK on where money comes from and what has come to be known as Modern Monetary Theory – usually referred to as MMT. I am far from alone in thinking that this basic outlook is not a theory but… Read more

Meritocratic failure

There is an interesting review of Talent vs Luck: the role of randomness in success and failure from the University of Catania (the main University in Sicily). They start from the idea that there is a Gaussian distribution of talent (as I understand it, this Gaussian distribution is just a normal distribution, so if, say,… Read more