HPC
forthcoming
publications
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 Real incomes are an expression of the degree of freedom people, families, companies & shareholders have to achieve their freely determined objectives.
Real incomes should therefore be of prime concern to economists & politicians.
However, the freedom of self-determination, no matter by whom exercised, needs to be subjected to constitutional norms to protect each individual from impositions by others. |
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The dangers of financial commoditization
Lessons for housing stock
The nature of commodities demands that the British governments redesign their fiscal policies as a basis for gaining strategic independence and economic stability...
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Constitutional questions arising from macroeconomic management
Macroeconomic management under Keynesianism and Monetarism relies upon the imposition of a monopoly intervention in markets by the state. The impacts of policy decisions varies amongst economic units and individuals within sectors and across the economy.
In cases of losses arising directly from government policy actions there is seldom any consideration of state liability for compensation. This raises significant constitutional questions which have yet to be addressed by governments and the economists who serve them.
...click here for article
Using statistical indices to mislead
The identification of an appropriate measure of economic performance capable of reflecting the specific circumstances of each person and economic units is not as difficult as it might seem. On the other hand the use of inappropriate indices to measure economic performance can lead to poor policy decisions creating difficulties and injustice.
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Slumpflation, the policy-induced crisis
In the 30 years between 1945 and 1975 Keynesianism as macroeconomic policy unravelled under slumpflation. Now the alternative, Monetarism, has taken another 30 years to begin to unravel towards slumpflation. The current crisis was predicted in 1976 on the basis that neither policy is a real incomes policy.
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Financial derivatives & the imagined independence of the Bank of England
The financial derivatives crisis and the recent calamities in the housing sector arise from inappropriate financial controls and fiscal policies...
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Keynes & stock markets
Keynes, writing in 1936, described the tussle between enterprise & speculation in the New York stock market in terms relevant to the current sup-prime crisis.
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How Britain's fiscal policies prevent independent decision-making
If the management of the economy faces compromises which prevent an independence in decision-amking what are the implications for individual freedom of expression and the satisfaction of preferences?
...In preparation.....
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