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The British Economy: Can We Build a Successful Future?

In this final lecture we will consider whether we can plot a more successful future than our recent history might suggest and what that implies for our economic and political institutions.

The 30 Years' War (1618-48) and the Second Defenestration of Prague

Professor Wilson will examine the causes, conduct and consequences of the Thirty Years’ War, Europe’s most destructive conflict prior to the two 20th-century world wars.

Air Pollution: Its Impact on Health and Possible Solutions

This lecture will consider the evidence for different forms of air pollution causing diseases, and outline some of the potential solutions.

Regional, Industrial and Infrastructure Policies

There are large disparities in economic performance at the regional level in the UK. We need to consider what kinds of policies might raise regional performance and the extent which directed industrial policies and infrastructure spending might be employed to iron out differences.

The Structure of Finance

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?

The Housing Market

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 is Value in Healthcare?

This lecture considers this hypothesis and the relationship between clinical outcome and cost of treatment.

The Productivity Puzzle

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.

The Policy Responses

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.

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?

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