Marianna Mazzucato, wrong again as so often

Marianna Mazzucato is the right sort of writer for The Guardian: as the Daily Mash puts it, that newspaper is wrong about everything, always. So, here she is telling us that it’s very important indeed that government spend lots of lovely money on the area that Professor Mazzucato thinks important: Growth is determined by strategic […]

Ten initiatives to help young people: 3. Redressing the age imbalance

Several analysts have made the point that there is redistribution from relatively poor young people to comparatively affluent older people, and have suggested that this is unfair.  Politically, the elderly have more clout because there are twice as many of the over 65s as there are of the under 25s, and they are twice as […]

UKTI can deliver an easy quarter billion pounds

There are two schools of thought about United Kingdom Trade and Industry (UKTI), the quango intended to help UK exporters and investors inward to the UK.  Supporters say it repays its £529 million annual cost in added value for UK GDP many times over.  Critics say it is top-loaded with fat cats, ineffective and a […]

We are ruled by idiots

A crucial economic distinction is between a complement (no, not a compliment) and a substitute. For example, it is often asserted that more pornography leads to more sex crime: we are indeed primates and thus potentially subject to the “monkey see, monkey do” cause of action. That would mean that pornography is a complement to […]

There really is no gender pay gap

As we’ve been saying for some time now, there really is no gender pay gap. At least, not one of any size that anyone should be bothering to do anything about. It’s a motherhood pay gap, most certainly, but then that’s just not the same as gender is it? This latest empirical report comes from […]