John Maynard Keynes revolutionised the Economics profession. Through developing the foundations for the New Keynesian consensus that occupies policymakers today. However, successive Labour and Conservative governments stuck religiously to the Keynesian demand-management model, neglecting the supply-side performance of the economy that continuously lagged behind its peers. Heavy government intervention, a key tenant of the originalContinue reading “Britain’s Decline: 1950-79”
Author Archives: Jamie Dean
Financial Regulation Pitfalls
The financial industry is the largest market in the world. Under intense scrutiny amidst the Financial Crisis of 2008, Western economies such as the UK and US took to heavy regulatory reform and clamped down on speculative behaviour. However, this proved costly for economic growth – producing a wave of unintended consequences that render aContinue reading “Financial Regulation Pitfalls”
Land-Value Tax: Least bad?
Britain’s reputation as a rentier economy on the global stage continues to solidify with Chancellor Hunt’s decision to soak the productive wealth creators with higher taxes without going after the property hoarders and unproductive wealth extractors. Examining ways to tackle unproductive rent-seeking behaviour is crucial to rescue the British economy from its managed decline thatContinue reading “Land-Value Tax: Least bad?”
Switzerland: Stagnation to Success
One of the wealthiest countries in the world, Switzerland’s economy stands amongst the strongest globally. Through following neo-classical, supply-side economics and rejecting the post-WW2 Keynesian consensus, the Swiss economy has thrived and currently has the second highest income per capita globally (adjusted for PPP). 1990s Stagnation Switzerland’s economic strength hasn’t always been a given. DuringContinue reading “Switzerland: Stagnation to Success”
Free Marketeer 