Tag Archives for deficit

How sustainable are the Anglo-American recoveries?

Jeremy Green

While both countries have experienced comparatively strong growth, divergence on the current account ensures that the UK’s situation looks much more perilous Staggering global payments imbalances are a defining feature of contemporary capitalism. From the 1980s, with the emergence of the ‘neoliberal’ phase of capitalism, two major categories of growth model have emerged: debt-led growth models, marked by current-account deficits, … Continue reading

2 February 2016 by
Categories: British growth crisis, Economics, Global crisis, Politics and policy, SPERI Comment, Sustainability, USA | Tags: , , , , , , , , , , , , | Leave a comment

Deficit fetishism and the art of political bullshit: Part II

Jonathan Hopkin and Ben Rosamond

Faced with radical uncertainty, rationally ignorant actors are more likely to fall back on conventional, emotionally satisfying beliefs than complex theories advanced by professional economists In a previous post we argued that the current obsession with the UK’s budgetary position, far from being the result of a rational debate about Britain’s economic problems, is best seen as an example of … Continue reading

22 July 2015 by
Categories: British growth crisis, Social science, SPERI Comment | Tags: , , , , , | 3 comments

SPERI Paper No.6 ‘The UK’s Innovation Deficit & How to Repair it’

SPERI Paper No.6. has now been published. The latest in the series – The UK’s Innovation Deficit & How to Repair it – is by Richard Jones, Professor of Physics and Pro-Vice-Chancellor of Research and Innovation, here at the University of Sheffield. In the paper Richard highlights some concerning data about the UK’s poor investment record in research and innovation. You can read the … Continue reading

30 October 2013 by
Categories: Publications, Research | Tags: , , , , , , , | 2 comments