I heard yet again today someone using the Queen’s Jubilee Gambit to explain that next quarter (Q2 2012) may see even more sluggish growth in the economy or even that wonder “negative growth”. This is based on comments made by the Governor of the Bank of England a few weeks ago:
Archives for May 2012
Have Social Sciences “Wasted a Good Crisis”?
Aditya Chakrabortty has suggested (in a Guardian column) that British “publicly funded” social scientists have failed to step into the breach as neo-classical economic orthodoxy so spectacularly failed over the 2007-2009 financial crisis and it’s on-going consequences. Read my analysis over on my new ‘Homo Janus’ blog here.
Doubling Dip: is it the government’s fault?
So, Britain is officially in a ”double-dip” recession, just. In reality this is both more and less serious than it sounds. It is more serious because we are still a good 4% of GDP lower than we were at the start of the financial crisis in 2007. And that is probably between 10% or more […]