Brexit, Consent & Tea

I noticed recently that – although mentioned in several other pieces – I hadn’t dedicated any JTsMusings posts to the EU Referendum. I think that would surprise people who know me because I think many would see Brexit as my ‘specialist subject’. Indeed, as I explained in the introduction, the drama of arguing for Leave…

A Lot of Work to Do

  On the train home last night I came across this low-grade bromide in the opinion section of a discarded Evening Standard:   “Happiness and housework are as important as economic growth” At first, I was irritated by the lazy opportunism: most people know roughly what GDP is, but very few really understand it –…

On the Impossibility of Planning

This post is an extract from a piece written by Cosma Shalizi in May 2012. I have dispensed with his introduction and some of the later discussions because it’s already quite long and I wanted to focus only on the central section which explains the problems of socialist planning. It’s quite geeky, but I think…

The Trouble With Macroeconomics

Paul Romer is an esteemed economist, currently a professor at NYU and will soon be taking up the job of chief economist at The World Bank. He wrote a controversial paper savaging modern macroeconomics as a pseudoscience, captured by groupthink which I think is fantastic, and certainly extremely poignant in some of today’s debates where the…