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Path_dependent
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You’re too kind, Chris. As usual, Ryan presents the reader with a false dilemma between either his favoured form of minimal state capitalism or the stone age/the gulag.
Toggle Commented Jan 21, 2015 on The oblique path to growth at Stumbling and Mumbling
The long term trend in UK public spending is around 40% of GDP. It’s disingenuous to bandy around the post-crisis 48% as evidence that the UK overspends. GDP collapsed after 2008 and hasn’t recovered – spending is obviously going to form a bigger slice of a shrunken income.
Toggle Commented Oct 4, 2014 on Are cuts "feasible"? at Stumbling and Mumbling
It's almost as if capitalism is riddled with contradictions... someone should write a book on it.
Toggle Commented Oct 21, 2013 on The capitalist state at Stumbling and Mumbling
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Oct 21, 2013