Industrial strategy is back on the government’s agenda, with a promise to produce a ‘match fit’ economy that ‘works for everyone’ and is able to thrive after Brexit. As yet, however, there is little sign of the promised broadly-based and coherent industrial strategy emerging. In crafting it, explains Hugh Pemberton, its architects may profitably look…
via Industrial strategy: some lessons from the past — British Politics and Policy at LSE
by Patrick O’Brien (Professor Emeritus,
London School of Economics) and Nuno Palma (Assistant Professor,
University of Groningen)
– Friday 21 October 2016
The Bank Restriction Act of 1797 suspended the convertibility of the Bank of
England’s notes into gold. The current historical consensus is that the suspension was a result of the state’s need to finance the war, France’s remonetization, a loss of confidence in the English country banks, and a run on the Bank of England’s reserves following a landing of French troops in Wales.
Read the full post here: http://positivecheck.blogspot.it/2016/10/danger-to-old-lady-of-threadneedle.html
The working paper can be downloaded here: http://www.ehes.org/EHES_100.pdf
Modern discussions about a country’s ‘decline in manufacturing’ are seldom meaningful. Such talk of industrialisation and deindustrialisation across the entire sector tends to ignore important variation across individual industries. This column draws lessons from the revealed comparative advantage of late-Victorian Britain – the ‘workshop of the world’. Advantage lay mainly in industries that were relatively…
via The late Victorian ‘workshop of the world’ — VoxEU.org: Recent Articles
An excellent reading suggestion from the LSE Business Review
[With the paralympics games just closing, we would like to propose again this interesting reading list from the LSE Business Review, waiting for Tokyo 2020]
The 2016 Rio Olympics officially opened on Friday and runs from 5 August – 21 August 2016. To mark the occasion, LSE Review of Books recommends seven reads that explore the culture, politics, history and economics of Brazil. We also offer a bookshop guide to Rio and São Paulo and showcase three award-winning podcasts from the…
via 2016 Olympics reading list: Brazilian politics, history and culture — LSE Business Review
The recent financial crisis suggested an important connection between real estate investments and bank trouble, especially in the U.S. In fact, this is nothing new. Although financial crises can have multiple and varied causes, real estate investment booms are likely to bode particularly ill for the stability of the financial system. Indeed, in a new…
via Real estate bubbles leading to bank troubles — 2008? Not exactly — LSE Business Review
The Long Run 