One might almost say that economics is too important to be left to economists. Keynes, as his wife put it, was “more than an economist”. Here are three things he believed:

1. The future is radically uncertain. To talk of risks being “correctly priced” is a nonsense term. Risks are conventionally priced, but because there is no firm basis of knowledge to hold their prices steady they are subject to “sudden and violent changes”. This makes investment very volatile.

Continue reading “Keynesian reforms could stop us falling into more economic foxholes” →

There are dark mutterings in countryside circles of civil disobedience if the Bill in the House of Lords to ban hunting with dogs, going through the committee stage later this month, becomes law.

Continue reading “If Labour bans foxhunting, civil disobedience would be justified” →