By Greg Fisher Recently I have spent a lot of time thinking about the relationship between human values and economics & finance.  Specifically, this has been in two related areas: the types of corporate legal forms that exist (see Paul’s blog on this); and the “Social Investment market”.  In this blog I would like to [...]

By Paul Ormerod The corporate world exhibits a wide variety of structures.  Co-operatives and partnerships have been around for a long time and have some well known examples.  The Co-op, for example, was founded in Rochdale as long ago as 1844 and now is represented worldwide.  Goldman Sachs was a partnership for most of its [...]

By Paul Ormerod I have been interested in this for some years, and here is a paper I published on Keynes, Hayek and complexity. Both Keynes and Hayek retained the concept of equilibrium in their models.  But their theories describe what happens when – which is most of the time – the economy is out [...]

By Bridget Rosewell A conference last week brought together a variety of economists from academia and policy to discuss what changes the discipline should produce post the financial crisis and what changes should be made to degree studies. There was probably a consensus that micro economics had made more progress than macro in recent years [...]

By Greg Fisher In a blog on Keynes and Hayek I mentioned that I viewed recessions as collective action problems.  In this blog I want to expand on what I mean by this because it makes all the difference for economic policy.  It also contextualises our conventional demand management approaches, namely fiscal and monetary policy. [...]