economics

What to do while you’re living under two nations, in isolation? What about….blogging? We’re about at the time in the media life-cycle when you should expect takes arguing that panic-buying is actually good to appear, and indeed I see someone’s trying to rebrand it as “resilience buying”. Never mind. A lot of people think it’s…

Read More Keynes and the Case of the Disappearing Bogrolls

I have no idea if this is original, but I was thinking about the Keynesian theory of investment while doing something else and it occurred to me that you can explain it in terms of pre-funding or post-funding. The Modern Monetary Theory people think this distinction, applied to banks, has really important consequences for monetary…

Read More Pre-funding and post-funding investments

A quick thought after this twitter conversation: Important point: if your product is information, your productivity is definitionally proportional to demand https://t.co/oulNUf2oNS — Alex Harrowell (@yorksranter) October 15, 2017 There is quite a large set of firms for which productivity is fundamentally demand-driven. This is a distinct point from Verdoorn’s law, the argument that productivity…

Read More Demand-determined productivity

It’s fairly well known that a lot of the productivity gap between the UK and other industrial countries is accounted for by a long tail of unusually unproductive small businesses (see ONS data here). This fascinating piece in the FT covers a project to do something about that by getting them management advice. An interesting…

Read More Where do UK SMEs get technology advice?