Tag Archives for equilibrium

The Coming Crisis: the gathering storm

Colin Hay

In the first of a new series of weekly SPERI blogs on ‘the coming crisis’ Colin Hay sets out the background to the series and outlines the themes it will explore That economists tend to optimism whilst political economists tend to pessimism is something of a truism, albeit one that often goes unacknowledged. The reason for this bifurcation in psycho-analytic … Continue reading

30 March 2016 by
Categories: Austerity, Economics, Europe and the EU, SPERI Comment, The coming crisis | Tags: , , , , , , | Leave a comment

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