Categories
Economics Politics

Adam Smith and the Cuts

The Institute that takes the name of Adam Smith (wholly in vain in my view) has been in the forefront of the expenditure cut propagandists. They have produced, in the guise of impartial analysis, two documents that start with their desired conclusions and proceed by the use of pseudo-logic and misdirection. The great Kirkcaldy moral […]

Categories
Economics Politics

Cameron’s Deceitful Cuts Rhetoric

David Cameron says he wants an apology from Labour for the state of the economy. But his approach to the budget deficit is either one of the most mendacious or one of the most ignorant ever made by a British Prime Minister. By using half-truths and gross over-simplifications Cameron has shifted the blame for the […]

Categories
Economics Politics

Labour’s Future

In May 1998 I attended an academic seminar in Downing Street organized to discuss the meaning of Tony Blair’s ‘Third Way’. The event was hosted by David Miliband, then the head of the No 10 Policy Unit. Before the meeting I sent Miliband a document I entitled ‘Two Lanes on the Third Way’ pdf(95.5kB), in […]

Categories
Philosophy Religion

Religious Logic and Religious Morality

I got myself into an odd debate on Peter Hitchens’ blog site of all places recently. It was a blog (one of several by PH) denouncing the diagnosis of Attention Deficit Hyperactivity Disorder (ADHD). After I had made some points about the nature of the scientific method and its reliance on ‘auxiliary hypotheses’ a commenter […]

Categories
Business and Society Economics Money and Banking

The Nature of Modern Money

I posted this short piece on the Scotland Quo Vadis discussion site yesterday, in response to a piece by Gordon Morgan suggesting the ‘printing of money’ would be a better option than government spending cuts. It’s important to take a step back and consider the nature of money in the modern economy. It’s taken me […]