Mazzucato versus Worstall and Westlake

Marianna Mazzucato’s 2013 The Entrepreneurial State is the most influential book on innovation. Although Mazzucato’s arguments in the book and beyond are many and varied – for example, I’m particularly sympathetic to her scepticism of the uncritical financial support for small businesses – the arguments gaining the most traction are the least convincing and potentially most […]

Five myths about ISIS

For my money, the very best foreign policy blogger on the internet is anonmugwump. One thing he is particularly good at is skewering popular myths. His latest post is one of the best I’ve read on his blog—an extremely well-sourced and detailed look at five popular myths about ISIS. He shows, in detail, that: Military intervention […]

Should we be concerned about the UK’s current account deficit?

Every year since 1984 Britain has run a deficit on the current account of her Balance of Payments. What this in effect means is that each year British businesses and consumers have purchased consistently more goods and services from abroad than they have been able to sell. But is this a problem?

A very clever way of proving Lord Stern wrong

The particularly controversial part, from an economic point of view, of the Stern Review into climate change was the use of a very low (near zero) discount rate. The discount rate you use of course being vitally important as you try to translate possible future damages into current numbers so that you can compare them […]

UKTI—overseas or drowning?

Other blogs and reports on UKTI have mainly focused on the UK but what about UKTI operations overseas?  The National Audit Office reported, with its customary discretion, that our diplomatic posts were not commercially oriented and the linkages with the UKTI personnel embedded within them were poor.  Roles were confused and, by inference, the UK […]