Feb 23, 2026 In his sophisticated 20 January address to the Davos World Economic Forum, Canada’s prime minister and former Bank of England governor Mark Carney offered an insight into the disintegration of the global economy which went well beyond the usual strictures on Trump for mental instability or megalomania. While Canada, like other middle-sized … Continue reading On Mark Carney and the Fate of Liberal Economies
Tag: Economy
Keynes and Money, or Where Has All the Money Gone?
Jan 23, 2026 I The economics of John Maynard Keynes (1883–1946) was built on his philosophy. Economics was the means to the good life, not the good life itself. Keynes’s own genius was practical, and so both his temperament and the events of his time conspired to keep him anchored in the realm of means. … Continue reading Keynes and Money, or Where Has All the Money Gone?
Budget Speech 2025 November
My Lords, first, I distance myself from the Opposition’s onslaught on Rachel Reeves. To my mind, she is a tragic figure rather than an incompetent one. She is trying to do her best for her people and the country but is in hock not just to the bond markets but to mistaken academic orthodoxy which, … Continue reading Budget Speech 2025 November
Shanghai Cooperation Organisation Debate – House of Lords – 16th of October 2025
Link: https://hansard.parliament.uk/Lords/2025-10-16/debates/CD9953E1-3AFE-436A-BBD6-D170F107AE02/ShanghaiCooperationOrganisation I may have a closer connection with Tianjin than any Member of either House having gone to school there nearly 80 years ago. I hope this will not in itself cause me to be thought of as a security risk. I agree with the noble Baroness that the Shanghai Cooperation Organisation poses challenges … Continue reading Shanghai Cooperation Organisation Debate – House of Lords – 16th of October 2025
Military Keynesianism?
15th of May 2025 As John Lanchester recently remarked (LRB 27 April 2025) ‘However little money there is for anything else, there’s always enough money for a war’. The failures of neoliberal economics threaten all kinds of political backlashes, some of which have already been seen in the nationalist turn of international relations. ‘Military Keynesianism’ … Continue reading Military Keynesianism?
New Statesman: Could John Maynard Keynes fix Trump’s tariff crisis?
This trade war is really a fight for the future of the dollar. 16/04/2025 Trump’s tariff bombardment has torn up the rules by which Western elites have lived for the last 35 years: the rules of a globalising economy under the benign guardianship of a Pax Americana. He is openly challenging opinion makers to change … Continue reading New Statesman: Could John Maynard Keynes fix Trump’s tariff crisis?
Speech in the House of Lords – Autumn Budget 2024
11th of November 2024 My Lords, there are many things to welcome in this Budget, particularly on the spending side. I am less keen on some of the tax proposals, which seem to be mean-minded and counterproductive, such as the tax on knowledge. The spending commitments are important because they reverse the disastrous policy of … Continue reading Speech in the House of Lords – Autumn Budget 2024
Milton Friedman – economic visionary or scourge of the world?
The Spectator, 13 January 2024 Monetarism, with which his name is associated, has long defined economic policy. But what would Friedman have made of the banking collapse, so soon after his death in 2006? The Keynesian economist Nicholas Kaldor called Milton Friedman one of the two most evil men of the 20th century. (Friedman was … Continue reading Milton Friedman – economic visionary or scourge of the world?
Britain’s Illusory Fiscal Black Hole
Project Syndicate 18th of September, 2024 "Shortly after taking office, the United Kingdom’s new Labour government announced the discovery of a massive shortfall in public finances. While much of the political debate has centered on the size of this fiscal hole, the real culprit is the set of arbitrary rules that British governments have imposed on themselves … Continue reading Britain’s Illusory Fiscal Black Hole
Speech on the Autumn Statement 29 November 2022
My Lords, the Chancellor’s Autumn Statement is designed to reassure the markets of the sustainability of the public finances. That is, the Chancellor accepts as binding the views of the City of London, whether they are right or wrong. It is what the markets think that matters, not how matters really are—a nice intrusion of … Continue reading Speech on the Autumn Statement 29 November 2022
Robert Skidelsky 