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Trump Administration’s Tariff Policy and the case for Unilateral Free Trade
Countries should embrace Ricardo’s Comparative Advantage, open markets, remove tariffs and impediments to trade, give effect to their self interest…
May 6
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Warwick Lightfoot
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Trump Administration’s Tariff Policy and the case for Unilateral Free Trade
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Industrial Revolution, inventing Political Economy, relative 20th century British economic decline and the creation of a modern…
It made Victorian Britain egregiously rich, but its costs stimulated a political antithesis that provoked a generation of socialist policies and a…
Apr 14
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Warwick Lightfoot
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Industrial Revolution, inventing Political Economy, relative 20th century British economic decline and the creation of a modern post-industrial economy
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What should financial markets make of a second Trump administration: return to President Ronald Reagan’s War Keynesianism?
Economic modelling of President Trump's tariffs as exercises in hyperbole, big geopolitical issue is rearmament led by US, financed by debt, with…
Nov 22, 2024
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Warwick Lightfoot
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What should financial markets make of a second Trump administration: return to President Ronald Reagan’s War Keynesianism?
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As the UK Labour Market Becomes Less Flexible and Efficient, is the Minimum Wage Lowering Productivity Growth?
UK labour market is becoming more regulated, minimum wage regulation is compress pay differentials and a Manhattan Skyline of marginal tax rates damages…
Nov 7, 2024
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Warwick Lightfoot
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As the UK Labour Market Becomes Less Flexible and Efficient, is the Minimum Wage Lowering Productivity Growth?
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Labour 1974-79 : Demolition of the British Keynesian Demand Management, Deindustrialisation and the accommodation of Trade Union Power
By 1970 Keynesian demand management had run out of road, by 1979 Keynes’s policy legacy was dead, but a practical macro-economic replacement was yet to…
Oct 17, 2024
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Labour 1974-79 : Demolition of the British Keynesian Demand Management, Deindustrialisation and the accommodation of Trade Union Power
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The Economic Legacy of Edward Heath: an Economic Crisis and State of Emergency
1970s union militancy, unemployment and inflation, aggravated by a Keynesian reflation, price and wage control, a profits crisis, combined to provoke a…
Sep 26, 2024
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Warwick Lightfoot
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The Economic Legacy of Edward Heath: an Economic Crisis and State of Emergency
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Economic Record of Labour Government 1964 to 1970
A structural legacy of militant trade union power, de-industrialisation, rising unemployment and inflation
Sep 16, 2024
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Warwick Lightfoot
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Economic Record of Labour Government 1964 to 1970
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Conservative economic inheritance in 1951, the Stop-Go Economic Cycle and nightmare legacy of A Dash for Growth
Even in the Macmillan Age of Affluence British Governments confronted huge problems from an unrealistic foreign exchange target, ineffectual monetary…
Aug 28, 2024
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Warwick Lightfoot
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Conservative economic inheritance in 1951, the Stop-Go Economic Cycle and nightmare legacy of A Dash for Growth
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The British economic establishment and what it tells us about Sir Keir Starmer’s newly elected Labour Government
Labour’s economic agenda for government is the political expression of British economic establishment - thinking shaped by Fabian socialist collectivism
Jul 6, 2024
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Warwick Lightfoot
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The British economic establishment and what it tells us about Sir Keir Starmer’s newly elected Labour Government
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China: making sense of the world’s second largest economy – at market exchange rates
Over the last twenty-five years I have tried to understand the development of the Chinese economy, its structure and its implications for the world…
Jun 26, 2024
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Warwick Lightfoot
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China: making sense of the world’s second largest economy – at market exchange rates
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Policy at war with itself: UK Government support for domestic equity market, home bias in the context of integrated global capital markets…
The tax treatment of balance sheet debt and double taxation of savings held in equities has contributed to the atrophy of equity markets: UK tax…
Mar 25, 2024
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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
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ONS experimental data on green jobs
Over reliance on survey data, too much use of modelling and writing up research bulletins in an opaque style that yields texts presented in treacle and…
Mar 18, 2024
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ONS experimental data on green jobs
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