Monthly Archives: November 2007

What Does ‘hollowing out Of the Economy’ Mean?

This note was prepared for some colleagues.   Keywords: Distributional Economics;  Growth & Innovation;   Th phrase ‘hollowing out’ is often used to cover a multitude of poorly thought through ideas which have lots of rhetoric but perhaps not much intellectual content. Here I am going to try to give the notion some analytical rigour…
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Is Inequality Really Increasing from Globalisation?

The Weekend Herald of November 10, 2007 devoted three pages, to a Newsweek article which was strong on anecdote and opinion and weak on analysis and facts. I submitted the following note. They took a fortnight to tell me they had more important things to deal with.   Keywords: Distributional Economics; Globalisation & Trade;  …
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