Is the Era of Single Party Rule Over?

The BBC’s Nick Robinson has it almost right when he says there are two ways of judging these elections – through the prism of the last three decades of British politics with its long-lived single party governments (Tories 1979-97; Labour 97-2010) or through the prism of 1970s one-term Governments. In the 1979-2010 period incumbent governments suffered mid-term slumps only to recover and win. In the 70s they suffered mid-term slumps and went on to lose at the next election. Continue reading

Have Social Sciences “Wasted a Good Crisis”?

Aditya Chakrabortty has suggested (in a Guardian column) that British “publicly funded” social scientists have failed to step into the breach as neo-classical economic orthodoxy so spectacularly failed over the 2007-2009 financial crisis and it’s on-going consequences.

Read my analysis over on my new ‘Homo Janus’ blog here.

Doubling Dip: is it the government’s fault?

So, Britain is officially in a ”double-dip” recession, just. In reality this is both more and less serious than it sounds. It is more serious because we are still a good 4% of GDP lower than we were at the start of the financial crisis in 2007. And that is probably between 10% or more below where we would have been if not for the banking crisis. Continue reading