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Our book, What Capitalism Needs, spells out what capitalism needs, drawing on the ideas of great but unduly neglected economists of the past including Friedrich List, Joseph Schumpeter, Maynard Keynes and Albert Hirschman—but with most attention being paid to Adam Smith and Karl Polanyi.
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The world economy is experiencing, because of the Covid-crisis and the associated lockdowns, its worst slump in peacetime since the great depression of the 1930s. A look at the main economic dislocations of the 100 years shows the disruptive effects of World War I, the hyperinflation of the 1920s in Central Europe and Soviet Russia, […]
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The coronavirus pandemic, even as it induces great anxiety and fear over people’s health, is at the same time causing disruption to our societies’ economies on a scale that is perhaps unprecedented. In Italy, at least in the period after World War II, no comparable crisis has been experienced before. For anything like the same […]
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In the early stages of Prime Minister Boris Johnson’s strategy to tackle the coronavirus pandemic, much was made of, and much criticism was directed at, the advisory input from behavioural scientists. However, less notice was taken of the fact that some of the advice offered by behavioural scientists (or seemingly, just one behavioural scientist – […]
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