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The External Financing Position

For most of the period since we have had records, the UK has held a positive net international investment positions versus the rest of the world. But the UK is now a net debtor. What are the reasons for this extraordinary reversal and what does it mean for the exchange rate?

What will happen when Artificial Intelligence and the Internet meet the Professions?

In the long run, in an Internet society, it is claimed, we will neither need nor want doctors, teachers, accountants, architects, the clergy, consultants, lawyers, and many others, to work as they did in the 20th century. - Is this true?

Debt and the Household Balance Sheet

A consideration of the evolution of the asset and liability position of the UK's household, firm and government sector prior to the financial crisis and where we currently stand in terms of adjustment that is still required.

Living Without Electricity

What happens when power, communications, and transport are all disrupted, when shops cannot function, and when most people cannot find out what is happening? Storm Desmond in 2015 revealed how dependent on electricity modern city life has become. What lessons have been learnt?

Macroeconomics, Capitalism and Inequality

Rapid economic growth in the emerging worlds has placed downward pressure of manufacturing wages in the advanced world. With increasingly lower real interest rates putting upwards pressure on asset prices, these twin forces have the propensity to accelerate income inequality. What do the facts say?

Should We Trust a Theory?

Can a scientific theory ever be confirmed? Must a scientific theory be falsifiable? Theories such as that of the multiverse and string theory will be considered.

The First Three Minutes of Creation

In the first three minutes after the beginning of the universe, all of the stuff that we and the Earth are made of were created and the universe attained its huge size, homogeneity and isotropy.

Problems Causing Lack of Productivity and Comparing to Other Countires

A question from the lecture 'Employment and Unemployment' by Professor...

Employment and Unemployment

In the commerce second lecture, trends in the labour market will be considered, examining patterns of unemployment, employment, hours worked and real wages. Do high participation rates in the labour market reflect represent economic progress or an economy mired in low-skill low-wages jobs?

Do You Think The UK's Weak Trade Unions Is Related To Low Productivity?

A question from the lecture 'Employment and Unemployment' by Professor...

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