Saturday, 27 July 2013

Cameron and Osborne race to the bottom in economic literacy

Google Cameron global race and you get a depressing 33,000,000 responses. Google Osborne global race and you get a depressing 2,650,000 responses. Apparently, the ‘global race’ is going to be a major theme of the Conservative Party conference. The concept of the global race is terrible economics and a reflection of utterly incoherent thinking. This is a pity because one of David Cameron’s major speeches on the concept contained a very fine set of aspirations (even if those aspirations are a long way from being implemented in policy). However, the policy analysis in the speech was completely overwhelmed by the reporting of the global race rhetoric which does so much to undermine understanding of economics in the public sphere.

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Read the full blog post here

Source: http://www.iea.org.uk/blog/cameron-and-osborne-race-to-the-bottom-in-economic-literacy

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