Category Archives: Economics

Jamie Cawley – Beliefs And The World They Created

It goes without saying that there is a difference in kind between what you “believe” and what I “know to be true”. Whether it is the True Religion (be it Judaism, Christianity or Islam), Dawkinsite scientific certainty or the Demonstrable Facts of realpolitik, we all have our cherished articles of faith, and it can be fighting talk to question the shibboleths. So you might think that Jamie Cawley is a brave man to undertake a panoramic discussion of belief as a recurring phenomenon in human societies. Between the worldwide emergence of polytheism and the contemporary creed of Environmentalism, he makes a brisk and entertaining tour of the high watermarks of belief around … Continue reading






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George Cooper – Money, Blood and Revolution

Who would you turn to if the discipline of economics was in a crisis and you were looking for a solution: Mr Spock or Captain Kirk? Mr Spock would work through the existing data with methodical rigour and implacable logic, while Captain Kirk would make an intuitive leap in the manner of Copernicus or Darwin, and show us an entirely new way of looking at the problem. In his book, Money, Blood and Revolution, George Cooper contends that what economics needs right now is a Captain Kirk, to provide a paradigm shift by simply taking a different perspective on the existing picture. Tim comes blundering in with all the insight … Continue reading






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Humaira Shahid – Devotion and Defiance

Humaira Shahid might have had a gilded life, and no-one would have blamed her. She was born into the privileged classes of Pakistan, enjoyed a happy and liberal childhood, and married well into a newspaper dynasty. The important men in her life adored her and admired her and encouraged her to fulfil herself rather than take the subservient role imposed on many Pakistani women. She became an academic, teaching literature, and that might have been that. But Humaira’s personal life contained a series of heartbreaking tragedies, and as she participated in her husband’s journalistic activities, she gained a first-hand knowledge of dreadful injustice and suffering in Pakistan. Driven by a fiery … Continue reading






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Nicholas Wapshott – Keynes Hayek – The Clash That Defined Modern Economics

Can government action fix a broken economy? Eighty years ago John Maynard Keynes and Friedrich Hayek arrived at diametrically opposed conclusions. Far from being a dry and technical academic argument, it was then and is now the central division within political economy. The story of the row between these men and their followers is explosive and astonishingly bad-tempered. Bring up the subject with any politician or social scientist and they will be aware of this story. But only now has anybody written the book. There’s nothing Tim Loves more than a knock-down, drag out, punch up between intellectual heavyweights, so he met Nicholas Wapshott at his London publishers to talk … Continue reading






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