Taxation, redistribution and debate about inequality

Capital and Ideology by Thomas Piketty contains fascinating descriptions of unknown historical uprisings against inequality such as Haitian revolution and describes societal system through the ages – slavery, serfdom, feudalism, communism, hypercapitalism, colonialism and caste, class collectively as “Inequality regimes” shaping the lives of billions and uses historical sources to chart the distribution of incomes…

Governing Trump’s way

Trump administration is the leakiest administration since the Founding Fathers created parchment, much of what happens behind the scenes in nearly real-time accompanied by the running commentary from the President’s Twitter account. Washington Post reporters Philip Rocker and Carol Leonnig reveal Trump at his unvarnished, showing the unhinged decision-making and incompetence that has floored officials…

Fragile banks pose a greater threat to society than when they are dishonest

  In the great financial crisis of 2007-2008,  finance came too close to wrecking the global economy. The presence of rogue behaviour in finance, Nesvetallova and Palan turns to the economist Thorstein Veblen  (1857-1929) who observed that businessmen were proficient at making profit by interfering in markets, and wrote “ something in the nature of…

Economist’s influence

The modern liberalism since 1843, The Economist has been the single most devoted and influential champion of liberalism anywhere in the world. Today, neither economic crisis at home nor permanent warfare abroad, has dimmed the Economist’s belief in unfettered markets, limited government and a free hand for the West. The history of liberalism is on…

Gradening vital to British economy

    Acknowledging the contributions of gardens to our mental and physical wellbeing and often the economic benefits are often overlooked, economic historian Roderick Floud steers to put it right in his latest book “An Economic History of the English Garden”.  This is the first book to question how much gardens and gardening have cost, and…