An Introduction to Post-Keynesianism

I recently attended a 3 day Post-Keynesian Study Group (PKSG) workshop at Kingston University, and here is some of what I learnt on the course. I am sure this will spawn many other research interests, leading to future blog articles on some of the theory discussed. Day 1 The course was to be split up Read more about An Introduction to Post-Keynesianism[…]

UK GDP Growth Shrinks in Q4 2012

http://www.bbc.co.uk/news/business-21193525 The UK economy has shrunk by 0.3% in line with many economists’ predictions. The fall is mainly due to a slowdown in North Sea oil extraction, excluding oil and gas extraction the economy shrank 0.1%. This comes after a previous 0.9% growth in GDP during Q3. Nick Clegg has blamed a lack of capital Read more about UK GDP Growth Shrinks in Q4 2012[…]

Network Rail Investment

http://www.bbc.co.uk/news/uk-20938280 The article shows plans by Network Rail (the government owned firm which is responsible for maintaining the railway networks in the UK) to invest £37.5 billion in infrastructure over the next 5 years. The effect of investment is to shift long run average supply curve rightwards. Investment should improve the speed and capacity of Read more about Network Rail Investment[…]