An Epidemic of Economic Ignorance
The last two issues of Economic Perspectives drew on observations made while I was on a month’s visit to South Africa, during which time the Finance Minister, Pravin Gordhan, presented his annual Budget to Parliament in Cape Town. He was robustly resistant to calls from a variety of special interest groups for more welfare spending than his budget could extend to, and I could see that his unwavering steadfastness amid all that clamour was putting his personal position at risk.
They’re Not Making It Anymore
Land is a necessity for human existence and remains the original source of all wealth. Yet bankers, economists, and politicians have simplistically lumped land and capital together, so apparently, now they mean the same thing. So why, as a society, have we chosen to eliminate land from the economic calculus? The consequences have been far […]
Understanding Land Value Taxation
One of the great mysteries of modern economics is how little attention is paid to the role of land in economic activity. In particular, taxing land ownership as opposed to taxing the economic activity that takes place on it. Flick open an economics textbook, and you’ll find the idea of taxing land ownership based on its unimproved values – basically, the ‘raw’ land itself – seems unthinkable. Which is strange because the forefathers of modern economic theory, dating back to Adam Smith himself, had a very different attitude to land taxation.
Meet the Renegades: Naila Kabeer
Naila Kabeer is not your average economist. She speaks directly about the human condition, performs fieldwork and complies her own statistics. In this episode of Meet the Renegades, we speak to Naila about global access to labour markets, the strain living in an economy puts on the ability to act in solidarity.
Pensions & the Generational Divide
The assumption that you’ll invest enough of your earnings into a pension scheme and enjoy a decent standard of living when you retire is a faulty one. Today, the retirement prospects for Generation X’ers and Millennials are looking bleak. Andrew Walker looks into what went wrong.
Inflationary Folly has Consequences
Responses to previous instalments of my “Economic Perspectives” include queries on why unbridled credit expansion by the main central banks in USA, UK, EU and Japan does not appear to be reflected in a commensurate rise in the general price level, affecting all sectors of the economy.
The Finance Curse
Can a country suffer from a Finance Curse? We are joined by Richard Werner and David Buik to discuss.
Meet the Renegades: Stewart Cowley
Stewart Cowley is one of the few people who has worked on Wall Street, The City and in the Fund Management Business who says openly the problem with the finance industry is they don’t understand the word ‘enough’. His admission is refreshing.