“THE FINANCIAL TIMES” LONDON: AUSTERITY ECONOMICS

May 19, 2012 at 3:05 pm | Posted in Economics, Financial, Globalization, History, Research, United Kingdom | Leave a comment

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The Financial Times

Two new articles by Samuel Brittan

Andrew Heavens  andrew.heavens@gmail.com

Sat 5/19/12

A real alternative to austerity economics
The Financial Times 11/05/12

The term austerity was introduced into political discourse by Sir Stafford Cripps, a postwar Labour chancellor known as “Austerity Cripps”. He was a moralist rather than an economist; and Winston Churchill is supposed to have said of him: “There but for the grace of God goes God.” Sir Roy Harrod, a Conservative Keynesian, gave a more erudite refutation, titled “Are these hardships really necessary?” Austerity economics is now being increasingly rejected by European public opinion and for once the popular reaction is right.
http://samuelbrittan.us1.list-manage.com/track/click?u=f3d103dd062d8e2eb1704a4f9&id=50373d4465&e=66c71111bc

Free market fairness
The Financial Times 07/05/12

Review of Free Market Fairness by John Tomasi
Tomasi much prefers the libertarian interpretation (of liberalism). But he notes that most of his friends and colleagues are left liberals, who are sceptical of the moral significance of private economic liberty and believe that a central function of government is to provide a wide range of social services … Being a theorist rather than a party manager, he is not content with an opportunistic compromise between the two ideals. He has his own conception, which he sometimes calls “market democracy” and sometimes “free market fairness”. His position is so sympathetic that I was looking forward to hailing his book as the most important of its kind for several decades; but in the end I could not.
http://samuelbrittan.us1.list-manage2.com/track/click?u=f3d103dd062d8e2eb1704a4f9&id=f569d79ebd&e=66c71111bc

Two new articles by Samuel Brittan

The Financial Times

Andrew Heavens  andrew.heavens@gmail.com

Sat 5/19/12
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