Blog - Philosophy of Money

Net zero has little to fear from populism

17th October 2023

Climate policy, Sample Of One, Theory & Other Problems, Uncategorised

The accidental wisdom of Mr Sunak How much does the transition to net zero have to fear from populism? In the UK, populist wannabe, Nigel Farage, has turned his sights on net zero, having recently dismissed Br...

Reframing climate policy: a reply to Simon Wren-Lewis

Eric Lonergan & Corinne Sawers

5th March 2023

Climate policy, Economic History

1

It is just over a year since we published Supercharge Me: Net Zero Faster, in the same week that Russia invaded the Ukraine. Six months later, the United States passed the Inflation Recovery Act. Both of these ...

Highs & lows of economics: Kilkenny, crypto, and inflation

Eric Lonergan

13th November 2022

Austerity, Climate policy, Economic History, Monetary Policy, Theory & Other Problems

Economics keeps letting me down. The decade or so following the financial crisis spawned thousands of papers researching the financial system. I had a sinking feeling that none of it would help. Policy-making ...

Euro crisis II

Eric Lonergan

12th June 2022

Finance & Asset Pricing, Monetary Policy, Money in Europe

1

Euro crisis II has started. The good news is that we have been here before, so we have learnt some lessons, the bad news is the that the underlying challenge is far greater: Italy - the likely epicentre of th...

EPICs v taxes

Eric Lonergan & Corinne Sawers

27th March 2022

Climate policy, Finance & Asset Pricing, Uncategorised

1

EPIC debates: a reply to The Economist’s Free Exchange (more…)...

The wrong chapter of the textbook

Eric Lonergan & Corinne Sawers

9th January 2022

Climate policy, Economic History

4

Climate policy: where economics went wrong Regular readers of this blog will be aware of a twelve month hiatus since I last posted anything. There is a good reason. Corinne Sawers, a sustainability expert, and...

Pandemania

Eric Lonergan

31st January 2021

Economic History, Finance & Asset Pricing

3

When will the GameStop? It is worth reflecting on the first major panic on the New York Stock Exchange in 1901. On that occasion two magnates, James Hill and Edward Harriman, one supported by Standard Oil, the ...

QE is debt reduction

Eric Lonergan

17th January 2021

Helicopter Money, Monetary Policy, Theory & Other Problems

14

QE is not a liability transformation - it is debt reduction The remuneration of bank reserves has been a source of significant analytical confusion among economists. This arcane technicality matters far more t...

Marx has the last laugh

Eric Lonergan

26th July 2020

Economic History, Finance & Asset Pricing, Theory & Other Problems

2

I cannot think of a better interlocutor than Chris Dilow. He raises another set of interesting questions in his reply to my reply. I am in danger of completely forgetting our original divergence of thought, but...

Angrynomics: a reply to Chris Dillow

Eric Lonergan

25th July 2020

Economic History, Theory & Other Problems, Uncategorised

3

Chris Dillow writes perhaps the most interesting economics blog I know. Its scope is considerable, and despite his declaration of bias - he self-identifies as a ‘marxist’ - he is typically empirical. His recent...

Net zero has little to fear from populism

Reframing climate policy: a reply to Simon Wren-Lewis

Highs & lows of economics: Kilkenny, crypto, and inflation

Euro crisis II

EPICs v taxes

The wrong chapter of the textbook

Pandemania

QE is debt reduction

Marx has the last laugh

Angrynomics: a reply to Chris Dillow

Reviews of Eric’s book

CNBC: market sell-off is ‘noise’

Monetary policy & babysitting: why rates are so low, and ‘what’s next?’