Advanced Economics with Justice
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Where: 11 Mandeville Place, W1U 3AJ
Advanced Economics – from John de Val (tutor)
Last term we started reading The National Debt; A Short History by Martin Slater. The following extract from the dust-jacket gives a good indication of its scope;
"The story of our National Debt told through key events in British history. While central to today's politics, few people fully understand the National Debt and its role in shaping the course of British history. Without it, Britain would not have gained - and lost - two empires, nor won its wars against France and Germany. But Britain has been moulded by attempts to break free of the debt, from post-war Keynesian economics to today's austerity.........From mediaeval times to the 2008 financial crash and beyond, 'The National Debt' explores the changing fortunes of the Debt, and so of Great Britain."
We have got as far as the end of the First World War and will to continue with the book in the Spring term. The group is enjoying it, it is certainly very interesting to look at British economic history from this particular angle and it highlights the different options for dealing with the Debt that have been tried by different UK governments.
In the second half of the meetings we look at a variety of articles covering different topics mainly on the role of the Treasury, housing issues and critiques of Land Value Taxation. For next term we propose to start looking at how corporates such as Google and Amazon take advantage of rent-seeking opportunities.
Our Advanced Economics with Justice group meet on Tuesday evenings.