Warwick Lightfoot's Substack

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

What should financial markets make of a second Trump administration: return to President Ronald Reagan’s War Keynesianism?

As the UK Labour Market Becomes Less Flexible and Efficient, is the Minimum Wage Lowering Productivity Growth?

Rachel Reeves: huge Labour Budget, many measures, big increases in spending, taxation and borrowing. But nothing to show for it, in terms of higher economic growth

Labour’s Budget: a backward looking rhetoric of nostalgia, that exaggerates tax increases for presentational purposes

The Criterion for judging a government’s budget.

Inside Thatcher’s Monetarism Experiment: The Promise, the Failure the Legacy

Labour 1974-79 : Demolition of the British Keynesian Demand Management, Deindustrialisation and the accommodation of Trade Union Power

The Economic Legacy of Edward Heath: an Economic Crisis and State of Emergency

Economic Record of Labour Government 1964 to 1970

Conservative economic inheritance in 1951, the Stop-Go Economic Cycle and nightmare legacy of A Dash for Growth

Economic record of Labour Government 1945-51, framed UK's Post-War Keynesian Welfare Consensus until 1970s

Has the new Labour Government and its Chancellor of the Exchequer Rachel Reeves inherited the worst economic and financial position of any government since 1945?

Understanding Consequences of Increased Importance of Intangibles in Modern Economies, for Monetary Policy and Financing Public Debt

The British economic establishment and what it tells us about Sir Keir Starmer’s newly elected Labour Government

China: making sense of the world’s second largest economy – at market exchange rates

Why Fiscal Rules are Redundant and How Public Debt acts as a shock absorber and an enabler for public policy

Joseph Stiglitz’s policy advice is rooted in rose-tinted nostalgia about social democracy and the 20th century Keynesian welfare state consensus

Milton Friedman’s economic legacy

Policy at war with itself: UK Government support for domestic equity market, home bias in the context of integrated global capital markets and tax systems biased to debt and against equity

ONS experimental data on green jobs

The puzzle of increased spending on science and R&D in advanced economies and falling rates of economic growth in the 21 first century

Advanced market economies weather shocks in the 21st Century, helped by effective policy

Understanding the Nationalist Republic of China and its legacy in Taiwan, helps the appreciation of modern Chinese economic and political culture

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