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Tag: economics

Over Complex and Under Empirical: What To Do About Finance?

The barbarous gold barons. They did not find the gold. They did not mine the gold. They did not mill the gold. But by some weird alchemy all the gold belonged to them.  — Big Bill Heywood, an American industrial unionist I can calculate the movement of the stars, but not the madness of men…. [Read more]

What is the character of UK innovation policy?

I argue that innovation policy is in the process of being re-characterised as a joint venture of public-private enterprise with justification from government found in rhetoric for innovation to overcome Grand Challenges. To demonstrate my thesis, I will consider how the United Kingdom Research and Innovation (UKRI) policy works: the objectives, policies, institutions, and funding… [Read more]

Neoclassical economics

How Economic Theory Hurts Us

Economics in The West and UK is dominantly neoclassical. Other schools of economics are ignored to such a degree that they are comparably unknown to the voting public – who too often generalise economics as merely The City and services because that is their exposure. Economic alternatives are rare even among education courses – often… [Read more]

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