This paper presents three simple policies for overcoming the crisis that can be implemented immediately and require none of the moves such as national guarantees or fiscal transfers to which many Europeans are opposed, nor moves towards federation that entail Treaty changes, which electorates...

This paper presents three simple policies for overcoming the crisis that can be implemented immediately and require none of the moves such as national guarantees or fiscal transfers to which many Europeans are opposed, nor moves towards federation that entail Treaty changes, which electorates...

1. Introduction : economic indeterminacy and the dance of the meta-axioms : the dynamic mechanism by which neoclassical economics turns defeat at the hands of indeterminacy into unassailable dominance -- 2. Unity is strength : it is also the cause of indeterminacy regarding the wage and...

This paper submits that one of the most fallacious paradigms in economic thought and policy, stemming from Ricardo, has been that of comparative advantage, as it has assumed no capital mobility whereas it has been mainly foreign direct investment that has driven global trade since World War II...

The financial crash of 2008 following the selling of fictitious derivatives was a crisis of both rationality and values whose aftermath has thrown the legitimation of deregulated markets, and governments, into question. This paper critiques the Becker metaphor of human capital and submits that...

Extends the approach of an earlier article which studies the underlying trend rate of growth of labour productivity in the post‐war UK economy. Analyses productivity growth trends in the member countries of the OECD. Also explores some implications for the productivity slow‐down debate....