We need a Reformation in Economics – The salutary story of Semmelweiss

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First posted on Think Left as ‘Like heterodox economists, Semmelweis was ignored…’ 29th April 2013   In 1844, Ignaz Philipp Semmelweis graduated as a doctor, and was appointed assistant at the obstetric clinic in Vienna.  At the time, the great scourge … Continue reading

State finances are not like a household or a maxed out credit card

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 Prue Plumridge patiently explains to a Conservative MP the true nature of Osborneomics and their devastating impact on the UK’s economy and people.   Dear Mr Whittingdale I would like to take up where we left off at Sunday’s hustings … Continue reading

George Osborne, leader of the Wrecking Crew mk2

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I think we should be explicit… George Osborne is using neoclassical economic theory as a ‘blind’, in order to push through an ideological agenda.  It has nothing to do with creating an economic recovery.  Osborne wants to lock-in irreversible changes … Continue reading

Like heterodox economists, Semmelweis was ignored…

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In 1844, Ignaz Philipp Semmelweis graduated as a doctor, and was appointed assistant at the obstetric clinic in Vienna.  At the time, the great scourge of new mothers was ‘childbed’ or puerperal fever.  It was thought that the deaths were … Continue reading

Austerity and the Labour Party

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The consequences of austerity The Financial Times (as reported by Leftfootforward) set out a series of graphs which indicate the negative effect of austerity policies on the GDP of various European economies.  The graph reproduced below shows clearly the negative … Continue reading