Economics has not done a very good job of dealing with crises. I think this is because there are four characteristics of human experience that manifest themselves in crises and that cannot be addressed well by the methods of traditional economics. More...

Economics and especially economic forecasting are often given a bad rap. Many people think of forecasting as akin to licking a finger and testing the wind. However, there is a science to it. More...

If 2008 was the year of the financial crash, 2016 was the year of the political crash.  In that year we witnessed the collapse of the last of the four major economic-political ideologies that dominated the 20th century: nationalism; Keynesian Pragmatism; socialism; and neoliberalism. In the 1970s and 80s the centre-right in many countries abandoned Keynesianism and adopted neoliberalism. In the 1980s and 90s the centre-left followed, largely abandoning democratic socialism and adopting a softer version of neoliberalism. More...