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The experience of inter-mediation in the UK does not encourage the thought that long term finance can easily be located. Do we need a Development Bank?
In 1643 an English landowner, Sir Ralph Verney, fled to France in the depths of the Civil War. He settled in Blois and, while there, amassed a vast archive that is still unpublished. These records provide a wealth of information about the music they played and the guitars they bought.
Housing represents the main asset class held by UK households and we shall try to understand why it is held as such a large share of assets. We shall then outline whether this choice has other knock on effects in the economy such as labour and social mobility.
What kind of people owned a guitar in the London of Elizabeth I and where did they go shopping for one? It is possible to assemble a remarkably full picture of the instrument’s place in the social life and trade and trade of Tudor England.
This opening lecture of the series, with musical illustrations, will use documents, poetry and images to bring the instrument to life, with a particular focus on the autobiography of the beguiling Tudor musician Thomas Whythorne.
Productivity growth in the UK economy has lagged behind that of our major trading partners. We will examine a number of possible explanations ranging from the role of finance to the employment of physical and human capital.
We need to think of economic policy as some path co-ordinating monetary, financial and fiscal policy. The economic landscape that has been outlined implies some new cyclical and structural economic policy options facing the UK. These concepts will be discussed in this final lecture of the year.