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Category Archives: Economics
Why We Need More Banking, Not Less
IN THE wake of the 2008 crash, thousands of people are moving their accounts from the Big Five banks every month. Crisis? What crisis? The immortal phrase – created by a Sun journalist, but erroneously attributed to then prime minister … Continue reading
Posted in Economics, Scotsman
Tagged Airdrie Savings Bank, Banking, New Economic Foundation
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Book Review — How Much is Enough?
In 1928, the scion of 20th century British economics John Maynard Keynes addressed a room full of Cambridge undergraduates on the subject of ‘economic possibilities for our grandchildren’. Keynes – a far more radical thinker than contemporary caricatures of him as … Continue reading
LRB Blog: A Moment of Clarity
On Wednesday afternoon, excerpts from a speech by the Irish finance minister Michael Noonan to the Bloomberg Ireland Economic Summit in Dublin, purportedly copied from the Irish Times website, appeared on PoliticalWorld.org. The contributor, PaddyJoe, accused the newspaper of removing … Continue reading
Posted in Economics, Ireland, London Review of Books, Politics
Tagged Michael Noonan, Political World
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Local Currencies: The Road to Financial Safety
As small businesses struggle to find support from the banks, Peter Geoghegan suggests now is the time to look at an alternative way to finance retail firms It’s official: the UK is back in recession. On the day Rupert Murdoch … Continue reading
Posted in Economics, Scotsman, Society and Culture
Tagged Brixton Pound, Hawick Portobello, local currencies
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Local Currencies
My latest blog on the London Review of Books site, on local currencies, runny Spanish omelettes and ‘the Miracle of Worgl’: Death to the Euro.’ The handmade sign was pinned to the wall of a community centre in San Luis, … Continue reading
Posted in Economics, London Review of Books, Society and Culture
Tagged Jara, local currencies, Miracle of Worgl, Pepa, Puma, Seville
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