I’ve always felt uneasy with using the term ‘human capital’ as a synonym for ‘people’. In this month’s issue of the consistently excellent Prospect magazine, philosopher Edward Skidelsky beautifully nails the arguments: ‘Economists, said John Maynard Keynes, should think of themselves as humble specialists, on a par with dentists. But his advice has gone unheeded. Over the past 50 years,

The global diplomatic circus that so recently met at the G20 summit in London is reconvening in Washington for the IMF and World Bank spring meetings this weekend. These are usually the lesser of the Bretton Woods Institutions’ (BWIs) two yearly jamborees (the Annual Meetings are held in September) but the momentum provided by both the G20 and the unfolding global

Identifying and promoting the writings of brilliant dissidents like Ha-Joon Chang, the Cambridge economist, has always struck me as a particularly useful role for NGOs. In 2001 Ha-Joon published ‘Kicking Away the Ladder‘, which had a significant impact in the Doha trade negotiations, helping to demonstrate the double standards being employed by rich countries who used protectionism and other industrial policies

I spent much of the Christmas break sneaking off to read chapters of Eric Beinhocker’s path-breaking 2006 book ‘The Origin of Wealth: Evolution, Complexity and the Radical Remaking of Economics’. There’s probably too much to cover in one post, so I’ll follow up this overview with some more specific reflections in the days to come.