Tag Archives for recession

The Coming Crisis: systemic stabilization and the investment state

A new ‘investment state’ is needed to provide stability in the new uncertain political economy of shadow money, financial instability and demand deficiency We live in an era characterised by a confusing evolutionary dynamic relationship between financial innovation, the state and patterns of investment that we barely understand. At the core of this conundrum is the little understood issue of … Continue reading

18 May 2016 by
Categories: British growth crisis, Finance, Politics and policy, SPERI Comment, Sustainability, The coming crisis | Tags: , , , , , , , , , , | Leave a comment

What is money for?

To meet collective societal challenges, and to respond to future recessions, a different way of thinking about money is required One particular exchange from the inaugural SPERI conference in 2012 has always stuck in my mind. After Colin Hay’s opening address, Bob Jessop asked him, ‘what is your theory of money?’ At the time I thought this was distractingly abstract, … Continue reading

5 April 2016 by
Categories: British growth crisis, Economics, Finance, Politics and policy, SPERI Comment | Tags: , , , , , , , , , , | Leave a comment

Building a different future out of a crisis of housing

Mònica Clua-Losada

The PAH, or ‘Platform of Those Affected by Mortgages’, has stirred a genuine social and political awakening in Spain The Great Recession has been generally devastating for many people in many different contexts.  In Spain, what appeared to start off as a financial crisis quickly spread to other areas of the economy leading (as in Ireland and the United States) … Continue reading

20 May 2015 by
Categories: Economics, Housing, Politics and policy, SPERI Comment | Tags: , , , | Leave a comment

Inequality Redux I

Scott Lavery

Wage decline, welfare retrenchment and the politics of austerity in Britain In the years immediately following the crisis of 2007-8, income inequality declined in Britain on some key measures. However, focusing on the labour market as well as on the changing composition of Britain’s welfare state, this post argues that real wage decline has precipitated a ‘race-to-the-bottom’ in Britain, whereby … Continue reading

19 February 2015 by
Categories: Inequality, Politics and policy, SPERI Comment, Sustainability, Welfare | Tags: , , , | 1 comment

The American economy at mid-term

David Coates

The numbers don’t reflect the reality and give no cause for crowing over the Eurozone It is mid-term season in America: time for the Administration to talk up the strengths of the economy.  The President did so a week ago, wanting ‘people to know that there are some really good things happening in America’.  And, since in economic terms it … Continue reading

28 October 2014 by
Categories: Economics, Employment, Global crisis, SPERI Comment | Tags: , , , , , | Leave a comment

Britain’s unreal recovery risks a very real economic crisis

Craig Berry

Investment and consumption performance demonstrates the frailty of the UK economy; the economic recovery is not yet secure The government has facilitated, at long last, a return to strong growth. But they have done so by ramping up the economic growth model that served Labour so well until 2008 – a model George Osborne had promised to dismantle. The pace … Continue reading

26 February 2014 by
Categories: British growth crisis, SPERI Comment | Tags: , , , , , , , | 5 comments