Historians and economists see the world in a different way. Economists tend to see progress in terms of the linear ascent of reason. Historians tend to see progress as an ascent through disaster.
This year’s theme of EPS is the avoidance of a second cold war. It’s a very urgent and necessary topic, for on its achievement rest our hopes for peace and security in the post-communist era.
And by peace – to bring in an economic consideration – I mean a peace dividend – the end of the insane expenditure on armaments, which is the only exception our rulers allow to fiscal austerity.
Continue reading “Speech to the Boston Meeting of the Economists for Peace and Security (EPS)”
On 13th November Martin Wolf gave the 2013 Wincott Lecture. Robert Skidelsky provided the comment. You can read Martin Wolf’s lecture, and access charts for this comment, at http://www.wincott.co.uk/lectures/2013
I propose to comment on Martin’s excellent lecture under three heads which all point to the central issue of how sustainable is the welcome recovery now taking place.
Continue reading “Comment on the Wincott Lecture”
Keynote Speech at FT Conference in Amsterdam
In its latest briefing note the IMF warned that world growth would slow in the second half of 2010 and the first half of 2011. Meanwhile the cost of Greek government debt has shot up again, despite the ECB rescue-package, and the IMF will soon inject another 2.5bn euros into the Greek economy. Finally, European trade unions are planning a winter of protest against cuts. These are just the latest glimpses of what is happening in the world economy.
Continue reading “Europe’s Debt Crisis and Implications for Policy”