Our macroeconomic reliance on debt, and the focus on aggregate demand, is based upon a wide Keynesian consensus.
Less attention is paid to the savings that must provide the funding for investment, the centrality of assets and importance of the core infrastructure systems – natural and conventional. Microeconomic principles, such as the polluter pays and public money for public goods, provide guides for developing sustainable government policies.
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Energy policy
The energy sector is in a mess. Consumers are paying too much, the system lacks resilience, the supply market has witnessed 28 bankruptcies and one nationalisation, and the 2035 target for decarbonising electricity looks ever more unlikely to be achieved. It is a mess both for fundamental reasons – there is no coherent and consistent… Read more…
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Agriculture after Brexit
Published in Oxford Review of Economic Policy Agriculture after Brexit | Oxford Review of Economic Policy | Oxford Academic (oup.com) Read more…
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Thirty years after water privatization—is the English model the envy of the world?
This paper is forthcoming in The Oxford Review of Economic Policy, vol. 36 no.1, January 2020, edited by Dustin E. Garrick, Michael Hanemann, and Cameron Hepburn Please download using the link below: Read more…
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Regulatory Reform, Capture and the regulatory Burden. OXREP Vol. 22 No.2
It has become a conventional wisdom that regulation is at best a necessary evil and at worst an inhibition to productivity, employment, and economic growth. There are strident demands, predominantly from industrial interests, for the ‘regulatory burden’ to be reduced. Read more…
