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.
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.
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.
Workplace Gamification – fun and games?
This global workplace malaise is a drag on productivity and is reckoned to cost billions in lost GDP through absenteeism, stress-related illness, and the costs of staff turnover. We look into why…
“Active Workstations”: Another sleight of hand from your trusty HR department
The Society of Human Resource Management (SHRM), which is the accrediting body of the profession in the US, recently ran a piece on the benefits of “standing desks and other innovative workstations solutions”. A definite read for anyone who is wondering what goes on in the minds of our corporate overlords.