Benjamin Tucker considered The General Idea of the Revolution in the 19th Century Proudhon’s best book—“the most wonderful of all the wonderful books of Proudhon”—and he may well have been right in that judgment. Like many of the greatest works of the last century this “most wonderful book” comes to us from a prison cell:...
Conservative Party leader Kemi Badenoch has accused Prime Minister Sir Keir Starmer and Reform UK leader Nigel Farage of indulging in “fantasy economics” over their approaches to welfare policies. Writing in the Daily Mail, Badenoch says both leaders believe in getting struggling taxpayers to “fund unlimited child support for others”. Her commentary comes after the...
Prime Minister Sir Keir Starmer has accused Nigel Farage of “fantasy” economics after the Reform UK leader set out a number of policies earlier this week. In a speech later this morning, Sir Keir is expected to liken Farage to former PM Liz Truss and say that Reform’s policies would lead to an increase in...
There is a growing feeling, among those who have the responsibility of managing large economies, that the discipline of economics is no longer fit for purpose. It is beginning to look like a science designed to solve problems that no longer exist. A good example is the obsession with inflation. Economists still teach their students...