This paper presents three simple policies for overcoming the crisis that can be implemented immediately and require none of the moves such as national guarantees or fiscal transfers to which many Europeans are opposed, nor moves towards federation that entail Treaty changes, which electorates...

This paper presents three simple policies for overcoming the crisis that can be implemented immediately and require none of the moves such as national guarantees or fiscal transfers to which many Europeans are opposed, nor moves towards federation that entail Treaty changes, which electorates...

During 2010, each and every response by the Eurozone to the galloping sovereign debt crisis has been consistently underwhelming. Monthly European Union Summit pronouncements, which during the first half of 2010 were met with initial goodwill by the markets and commentators, quickly proved the...

Economics, like any other scientific pursuit, ought to be educational. However, two observations cast doubt on whether it is. First, we find that students of economics seem to become less civilised the more they surrender to their discipline's ways. Secondly, contemporary economics, as practised...

Following the Crash of 1929, an epic debate began between liberals, led by Friedrich von Hayek, who believed in capitalism's automatic stabilisers and John Maynard Keynes who did not. Today, in Europe, this debate has taken an interesting twist. On the one hand, most libertarians have succumbed...

Extends the approach of an earlier article which studies the underlying trend rate of growth of labour productivity in the post‐war UK economy. Analyses productivity growth trends in the member countries of the OECD. Also explores some implications for the productivity slow‐down debate....