Phillip Hammond’s budget remains firmly located within Neo-liberal economics. The principle aim is to reduce and finally eliminate the budget deficit and so lower the size of the National Debt. For the Neo-liberals public debt is a drag on the ‘real’ economy as it suffocates the private sector. But under pressure from Labour, some of … Continue reading Budgets and the ‘magic money tree’
Book review: Who Are Universities For? Re-making higher education by TomSperlinger, Josie McLellan and Richard Pettigrew Patrick Ainley welcomes a book that rethinks the purpose of a university – and offers some radical suggestions of his own (Originally published by the Council for the Defence of British Universities http://cdbu.org.uk/ ) Everyone knows who universities are … Continue reading Book review: Who Are Universities For?
Labour has published its national policy forum response on education. There's a great deal to be welcomed, but for some areas, most notably post-16 and Further Education, proposals are largely absent and where they are addressed, are scant and uniformed. See the following quote on vocational and technical education for example: ‘ The Open University … Continue reading Labour, vocational education and skills
In a flashback to the 1970s and early 80s, last Tuesday's Guardian Education profiled sociologist Michael Young, then a curriculum radical, author of books and articles on the relationship between knowledge, power and control and influential in teacher education https://www.theguardian.com/education/2018/oct/09/counterculture-class-warrior-turned-to-gove Young and colleagues argued that the school curriculum reflected the culture and interests of the … Continue reading Knowledge and control
Seems a bit silly. Or is it? Modern Monetary Theory reminds us that governments of countries that have their own currencies and floating exchange rates (like in the UK), by implication, can never 'run out of money' or have to be dependent on taxation revenue and private borrowing to finance their activities. In other … Continue reading There is a ‘magic money tree’
Published ten years after the financial crisis and comprising articles by contributors to Labour’s New Economics conferences, Economics for the Many provides a set of alternatives to Tory austerity. It addresses issues from public ownership, to rising consumer debt, control of the banks, tax avoidance and the need for a Green New Deal. A book … Continue reading A definite read
John McDonnell’s Labour Conference commitment to put workers on company boards was met with predictable hostility from employer representatives. Yet Germany, the Scandinavian countries along with several other European states, have long standing policies for employee participation, even if it might not be as extensive (McDonnell proposes 30% representation). Likewise, allocating a proportion of company … Continue reading Putting workers on the boards