Monopolies are bad. This is something we have an usual level of agreement on across politics and economics. The reasoning goes back a very long way to the nominal start of current economic thinking. If there is competition between different sellers of products then they must make prices low enough…

Let’s imagine that some people earn more than others, a helpfully easy thought experiment because we know they do. So… why do they? Well some may work more hours, makes sense, but we also know some get paid more per hour. Now it may be that some work is particularly…

Every so often I like to put out a very 'blue skies thinking' blog on how to reform the tools and mandate of central banks. …

Why did the capitalist countries win the cold war? Why have a stock market at all? If Socialists really want to defeat Capitalism I would posit they need to answer those questions. Admittedly I'm not a Socialist, I'm a Liberal, but while there are clear differences between Liberalism and Socialism…

I want to present an argument about business investment and inflation. To get to that though we need to take a step back and put in some context for what I want to argue. The basic argument for how firms behave is that they alter their variable costs so as…

In the great MMT wars of economics twitter I learned a rather helpful term from Simon Wren-Lewis: “the macroeconomic assignment”. MMT advocates were, as is their want, being somewhat vague about what they meant and Wren-Lewis suggested that what they were suggesting was an alternate macroeconomic assignment from the current…

Almost every political party in an election says it's going to help small businesses. In practice this rarely means actually helping small businesses specifically, so much as business overall. Where there are schemes targeted at small businesses they are usually grants and loans that you apply for and may or…

Now is a time of unrivaled wealth surrounded by poverty. Poverty is found in the homelessness on our streets and the family working overtime to afford rent. It is no comfort that luxuries are cheap if survival is so costly that it locks us into long hours of painful work…

The United Kingdom has an unusual constitutional position in that it doesn't have a single document that is it's Constitution. This has been something of a frustration for many in Liberal circles and discussions on a UK Constitution have been a constant in Liberal thought for decades. …