J M Keynes

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Latest - May wins no-confidence vote.

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UK labour market latest - unemployment and real wages up!

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CPI inflation down to 2.4%

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UK grows by 0.1% in 1st quarter of 2018.

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A Level economics

2018 Edition available now.

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UK labour market latest - unemployment and real wages up!

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Bank of England raises base rate to 0.75%.

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Keynes

John Maynard Keynes

Born in Cambridge, England, in 1883, John Maynard Keynes has frequently been described as the Twentieth Century's most important Economist. Keynes was largely responsible  for the widespread acceptance of the role of macro-economics in providing both a theoretical explanation of economic activity, and a practical framework for policy makers. Although he made an early impression with his The Economic Consequences of Peace (1919), it was not until the publication of the General Theory of Employment, Interest Rates and Money, in 1936,  (The General Theory) that Keynes became a household name. The General Theory provided a compelling critique of the prevailing Neo-Classical consensus which shaped thinking in the late 19th and early 20th Century. Keynesian economics, with its inherent distrust of uncontrolled market forces, and belief in the importance of government, was to dominate the post-war period - the so-called Keynesian Era. Although Keynesian economics, with its preference for  fiscal regulation of aggregate demand, fell out of favour during the 1980s and 1990s, interest has returned in the wake of the financial crisis.  There is much in the work of Keynes that is relevant in explaining the liquidity crisis that rocked the global economy during 2009, notably his explanation of the liquidity trap.


WTO rules

What exactly is the 'most favoured nation' rule?

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Brexit latest

Barnier rejects key element of the Chequers White Paper.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Brexit update

Article 50

What trading options are available to the UK?

Savings ratio

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

The OECD presents its final package for reform of international tax rules..more


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