Guest edited by Ben Pringle, former chair of Post Crash Economics The 2008 crash clearly demonstrated the failures of a (neo)liberal economic model that claimed to have solved ‘boom and bust’ cycles of growth and recession and found the tools to prevent the onset of longer-term economic depressions. In the wake of this generation-defining failure, […]
Why Brexit means less resilience to recession
Some, including Governor of the Bank of England Mark Carney, have predicted a possible recession for the UK if the vote is for leave tomorrow. In the final countdown to polling day, Marianne Sensier argues a Brexit could lead to less resilience to recession, particularly in our regions. A few years ago, Mike Artis and I […]
Is the world economy about to topple again?
Is the world on the verge of a new financial crisis? Ilias Alami looks at the data and finds a precarious situation. While a variety of economic and financial indicators increasingly paint a bleak picture, the upcoming policy choices in developed countries will have far-reaching consequences for global financial stability. In the so-called developed countries, […]
The redundancy trauma
Around 2.7 million people were made redundant in the UK during the ‘Great Recession’. Dr James Laurence examines the legacy of distrust created by those redundancies. The impact of the recession is the dominant back-drop to the General Election campaign. Politicians from all parties explain their approach to the continuing fiscal deficit. Yet there is […]
Racial inequality in employment worsened in recessions
Despite Race Acts intended to ensure equality of opportunity, employment inequality persists – and got worse in each recent recession, explains Professor Yaojun Li. Ethnic minority men are more likely than white men to be jobless when the economy is booming. During periods of recession they suffer disproportionately higher unemployment rates. Social surveys covering the […]
‘Greece has a problem, but Greece is not the problem’
Former Greek Prime Minster George Papandreou delivered the Manchester Jean Monnet Centre of Excellence’s Annual Lecture, accompanied by two formidable looking bodyguards. Ewan Munro heard him affirm his commitment to the European Project and decry the lack of visionary leadership at the national level. While the Eurozone crisis may have slipped from the front pages […]