Category Archives: Economics
Steve Richards – The Prime Ministers We Never Had: Success And Failure From Butler to Corbyn
Steve Richards – Atlantic Books – £10.99 Steve Richards’ last book was an entertaining and penetrating discussion of the last ten Prime Ministers (or at any rate, the last ten at the time of publication – we’ve had a couple more since then.) But as he writes in his new book, “Most routes to Number 10 are blocked.” But some of the nearly men and women are bigger and more substantial figures than the ones who made it to the top. Why did John Major become Prime Minister when Michael Heseltine did not? Why did Michael Foot lead the Labour party instead of political heavyweights like Denis Healey and Roy … Continue reading
Posted in Biography, Cultural History, Economics, History, Politics
Tagged Prime Minister, Richards, Steve, The
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Nick Wallis – The Great Post Office Scandal: The fight to expose a multimillion pound IT disaster which put innocent people in jail
Nick Wallis – Bath Publishing – £25 It is the biggest miscarriage of justice in British legal history. Hundreds of innocent people prosecuted, ruined, often imprisoned – their lives destroyed. And hundreds more dismissed from their jobs and their livelihoods, obliged to pay thousands and even tens of thousands of pounds “back” that they never stole in the first place. And all of this visited upon their staff by the Post Office – an institution since 1660, and one of the most trusted brands in British life. You were probably aware of the scandal as it emerged into the public arena, and you were probably shocked. But the picture is … Continue reading
Posted in Cultural History, Economics, History, Politics
Tagged Books, Hiagh, Jail, Nick, Podcast, Post Office, postoffice, Scandal, Tim, Wallace
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Nicholas Wapshott – Samuelson Friedman: The Battle Over the Free Market
Nicholas Wapshott – W. w. Norton – £22.95 Not many academic economists are household names. But when I was young, Milton Friedman was. The high-priest of Monetarism and intellectual descendant of Friedrich Hayek, his theories were much admired by right-wing politicians such as Margaret Thatcher and Ronald Reagan. Meanwhile Paul Samuelson made his mark with his bestselling economics textbook which was the standard text for decades. I used it myself at school. Nicholas Wapshott has a brilliant eye for the narrative that unlocks the subject for the general reader. In the case of Samuelson and Friedman, Wapshott’s springboard is the column in Newsweek magazine that the two economists shared, or … Continue reading
Posted in Biography, Cultural History, Economics, History, Politics
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Helen Lewis – Difficult Women: A History of Feminism in 11 Fights
Helen Lewis – Jonathan Cape £13.59 Well-behaved women don’t make history, and we need to be a bit grown up about our approach to feminism. That is the starting point of the new book from Helen Lewis. Lewis is a trenchant and thoughtful journalist, and also an amusing and witty contributor to satirical BBC shows. Happily both these sides of her outlook are on display in this entertaining book. By focussing on eleven of the struggles that have got us this far in the quest for an equal society – Divorce, Education, Abortion, Safety and so on – she discusses the history, the current issues, the state of play and … Continue reading
Mike Isaac – Super Pumped: The Battle For Uber
Mike Isaac – Norton: £19.99 It is not unusual in Silicon Valley for head office to lay on dinner for the employees. The cost is nugatory in these fabulously money-rich tech companies and it encourages people to work past quitting time, and eat before going home. It is typical of Travis Kalanick, founder of Uber, that he gave this practice a twist – he stipulated that dinner would not be served before 8:15 p.m. And that story is about the most benign thing we learn about him in Mike Isaac’s wonderfully lucid account of Kalanick and the business he built in his own monstrous image. Dazzling growth, commitment to excess, … Continue reading
Posted in Biography, Cultural History, Economics
Tagged Android, Apple, Cab, iPhone, Mike Isaac, Taxi, Uber
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Robert Kuttner – Can Democracy Survive Globalisation?
John Maynard Keynes said, “Above all, let finance be primarily national.” Keynes understood the dangers of unfettered finance, and if he’d had his way the Bretton Woods system of international controls would have been still stronger. In his new book, the distinguished journalist and commentator, Robert Kuttner, writes, “Government needs to explicitly assert its right to prevent global laissez-faire forces from undermining its capacity to devise and broker a decent social compact at home.” Kuttner’s book brilliantly sketches the construction before and after the Second World War of a system in which capitalism was effectively regulated and delivered widespread benefits, at least within the western democracies, and its dismantlement in … Continue reading
Posted in Cultural History, Economics, History, Politics
Tagged Brexit, Democracy, Euarope, Globalisation, Grexit, politics, Trump
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Jamie Cawley – Beliefs And The World They Created
It goes without saying that there is a difference in kind between what you “believe” and what I “know to be true”. Whether it is the True Religion (be it Judaism, Christianity or Islam), Dawkinsite scientific certainty or the Demonstrable Facts of realpolitik, we all have our cherished articles of faith, and it can be fighting talk to question the shibboleths. So you might think that Jamie Cawley is a brave man to undertake a panoramic discussion of belief as a recurring phenomenon in human societies. Between the worldwide emergence of polytheism and the contemporary creed of Environmentalism, he makes a brisk and entertaining tour of the high watermarks of belief around … Continue reading
Posted in Cultural History, Economics, History, Politics, Religion
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George Cooper – Money, Blood and Revolution
Who would you turn to if the discipline of economics was in a crisis and you were looking for a solution: Mr Spock or Captain Kirk? Mr Spock would work through the existing data with methodical rigour and implacable logic, while Captain Kirk would make an intuitive leap in the manner of Copernicus or Darwin, and show us an entirely new way of looking at the problem. In his book, Money, Blood and Revolution, George Cooper contends that what economics needs right now is a Captain Kirk, to provide a paradigm shift by simply taking a different perspective on the existing picture. Tim comes blundering in with all the insight … Continue reading
Posted in Cultural History, Economics
Tagged Blood, Cooper, Economics, George, Money, Revolution
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Humaira Shahid – Devotion and Defiance
Humaira Shahid might have had a gilded life, and no-one would have blamed her. She was born into the privileged classes of Pakistan, enjoyed a happy and liberal childhood, and married well into a newspaper dynasty. The important men in her life adored her and admired her and encouraged her to fulfil herself rather than take the subservient role imposed on many Pakistani women. She became an academic, teaching literature, and that might have been that. But Humaira’s personal life contained a series of heartbreaking tragedies, and as she participated in her husband’s journalistic activities, she gained a first-hand knowledge of dreadful injustice and suffering in Pakistan. Driven by a fiery … Continue reading
Nicholas Wapshott – Keynes Hayek – The Clash That Defined Modern Economics
Can government action fix a broken economy? Eighty years ago John Maynard Keynes and Friedrich Hayek arrived at diametrically opposed conclusions. Far from being a dry and technical academic argument, it was then and is now the central division within political economy. The story of the row between these men and their followers is explosive and astonishingly bad-tempered. Bring up the subject with any politician or social scientist and they will be aware of this story. But only now has anybody written the book. There’s nothing Tim Loves more than a knock-down, drag out, punch up between intellectual heavyweights, so he met Nicholas Wapshott at his London publishers to talk … Continue reading
Posted in Biography, Cultural History, Economics, History, Politics
Tagged Economics
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