Economics and politics - comment and analysis

Reflections on a failed political system. Part 1: analysis of Labour’s electoral result

“When historians will write about this election – in so far as they can be bothered – they won’t talk about the dementia tax, or fields of wheat, or politicians forgetting their sums. They will marvel at how an advanced democracy could hold a general election without addressing the issue which was about the change it forever” (Ian Dunt (here)). …

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Are Keynesianism and Neoclassical economics antipodes?

Are Keynesianism and Neoclassical economics antipodes?
by Heiner Flassbeck
Keynesianism and neoclassical theory are often seen as the two main approaches in economic theory. Many assume that the large gap that exists between the two approaches or schools can be bridged by a middle oft he road approach based on pragmatic assumptions and empirical research. …

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