In conventional economic theory, a trade-off supposedly exists between social justice and economic efficiency. In reality, market and other economic institutions are dominated by power relations, so that the sponsorship of social justice is a productive factor. Neo-liberal economic policies, by...

Protection is a controversial policy issue. Examination of the performance of the British economy in the interwar period shows that the introduction of a tariff on manufactures in 1932 had a favorable macroeconomic impact. The resulting improvement in the competitiveness of domestic industry...

This article estimates the cost of a public investment-led job creation program for the United Kingdom. A program creating an additional one million jobs at the current average wage would involve a net cost to the Treasury dramatically lower than the gross cost; 17 billion pounds worth of...

There has been an increasing focus on the strategic role of universities in stimulating innovation and economic growth, primarily though the transfer of technology. This paper interrogates some of the key aspects of much of the conventional wisdom concerning the transfer of technology and the...

Over the past few years, a new 'geographical' economics has emerged, focused on the spatial agglomeration of industry and the long-run convergence of regional incomes. Several leading names are associated with this 'geographical turn,' including Paul Krugman, Michael Porter, Robert Barro, and W....