News
We need an Office for National Statistics that understands both economics and accounting
4+ hour, 58+ min ago (698+ words) Richard Murphy on developing a fairer and sustainable economy The Financial Times noted something this morning deeply hidden within data published by the Office for National Statistics. This unnoticed data is represented by this chart. It shows the ratio of…...
Are we at a Galileo moment in economics?
3+ week, 2+ day ago (1307+ words) Richard Murphy on developing a fairer and sustainable economy What if everything you think about money is wrong?" And does it matter for the UK economy if it is? Most people believe governments must tax or borrow before they can…...
Like it or not, the appeal of wealth taxes appears to be very strong
3+ week, 3+ day ago (529+ words) Richard Murphy on developing a fairer and sustainable economy I am aware that we post a lot of polls on this blog these days, although I readily admit most are on our videos and are designed for a You Tube…...
Economic questions: the Kate Raworth question
3+ week, 6+ day ago (889+ words) Richard Murphy on developing a fairer and sustainable economy This is one of a series of posts that will ask what the most pertinent question raised by a prominent influencer of'political economy'might have been, and what the relevance of that…...
10% of GDP is fiction
1+ mon, 1+ week ago (1822+ words) Richard Murphy on developing a fairer and sustainable economy Everyone is told that economic growth is the key to prosperity. But what if a significant part of GDP, the number politicians obsess about, is based on a transaction that never…...
Where does money go in a crash?
1+ mon, 1+ week ago (885+ words) Richard Murphy on developing a fairer and sustainable economy Every time stock'markets'drop, headlines say that billions have been lost. But where does that'money'actually go? If you want to understand crashes, confidence, and the baked bean market (trust me), this one's…...
The truth about the "magic money tree
1+ mon, 2+ week ago (789+ words) Richard Murphy on developing a fairer and sustainable economy We have published a short video on You Tube and many other channels last night, which refuses to embed here, so please click the link to watch it. This was the…...
Why government surpluses can crash the economy
1+ mon, 2+ week ago (834+ words) Richard Murphy on developing a fairer and sustainable economy We have just published this short video on You Tube and many other channels. If you like it, please share it far and wide - because that helps get the message out....
The coming crisis
1+ mon, 2+ week ago (401+ words) Richard Murphy on developing a fairer and sustainable economy This was posted by Steven Swinford of The Times this morning: The coming economic crisis from this war looks like it will be bigger and last longer than I feared. The…...
Government deficits are not failure
1+ mon, 2+ week ago (542+ words) Richard Murphy on developing a fairer and sustainable economy We have just published this short video on You Tube and many other channels. If you like it, please share it far and wide - because that helps get the message out....