Warwick Lightfoot's Substack

Economists at official institutions do not like President Trump and have allowed their antipathy to him to colour their economic analysis

English local government: why buoyant income tax revenue explains central control of a system in crisis, where ministerial ambition isn't matched by national funding

US Capital Account and International Finance

Structure of the US Balance of Payments and Capital Account

Trump Administration’s Tariff Policy and the case for Unilateral Free Trade

Industrial Revolution, inventing Political Economy, relative 20th century British economic decline and the creation of a modern post-industrial economy

UK’s Spring Economic Statement focuses on Redundant Fiscal Rules, Neglecting falling Productivity, Profits, the falling Rate of Return on Capital and Structural Problems from higher Public Spending

Kaput: German and European Economic Institutions set up for economic success sixty years ago are now in a Structural Slump

Modern India: A Great Power, a rapidly expanding economy that hosts the world’s third largest equity market

Challenge of over expanded public sectors: in the UK, Europe and North America

Labour’s share of national income rises in the UK, while profitability falls