School of Business and Economics

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Dr Huw Edwards on the ‘Economists for Free Trade’ report

Economists for Free Trade: Extraordinary Claims Demand Extraordinary Evidence, but they have provided none. In discussing the ‘Economists for Free Trade’ (EFT) ‘report’, I am unfortunately unable to comment upon the numerical and modelling work in any depth, since no technical documents have, to date, been released. (The absence of serious data, model details or […]






Why the media is wrong about Brexit (it’s not about ‘hard’ or ‘soft’)

Professor Alistair Milne at the SBE has just written a new blog post for The UK in a Changing Europe, published today, about why the CBI are right in calling for an extended negotiation with the EU over Britain’s exit. He writes: “In a recent speech Carolyn Fairbairn and Rain Newton Smith of the Confederation […]






Contagion within and without of the Euro zone

One of the claims of Euro zone membership for the southern European countries was that by joining the Euro their governments could borrow at low (northern European) rates of interest. The reason for this was that there would be no exchange rate risk as all borrowing would be in Euros. This argument, however, ignored the […]






Financialization of the Italian state

This post was written by Dr Andrea Lagna and was originally published on the SPERI Blog. Modern public debt management and financial innovation have exacerbated Italy’s large, and growing, government debt. The use of financial derivatives by the Italian government continues to appear in the headlines of global news media. Based on Eurostat data, Bloomberg […]






10 myths in the Brexit debate

On June 23rd the British electorate will make one of the most momentous decisions to face the UK in several generations: whether or not to formally leave the EU (BREXIT). It will have momentous implications in several areas: the growth potential of the economy; trade relationships and volumes; foreign direct investment in the economy; the […]






Historia NOT Magistra Vitae. How central banks are exacerbating investment banks

The human learning ability, followed by the possibility of improving what has been done before, counts mainly on our own life experience, or in other terms our “history”. Everyone is either consciously or unconsciously learning from the past and taking decisions based on her/his own experience. In the masterpiece “De Oratore” Cicero, one of Rome’s […]






Brexit: A View from East Asia

Viewing the Brexit debate from East Asia provides an interesting perspective into the international influence enjoyed by both the UK and the EU. From the perspective of China, Japan, and South Korea, both the UK and the EU remain an attractive market: the UK as one of the most liberalised economies in the world; and […]






The EU Referendum: An application of Public Choice economics

  My small plea in the EU referendum debate is for voters to ignore overblown rhetoric, whether about “the European ideal” or about “this scepter’d isle”, and to focus instead on incentives. I’ll give three brief examples. First, the people working in Brussels – the MEPs, Commissioners, and bureaucrats – are human like the rest […]






Brexit and the trade debate

For people who want to read an article on UK, EU and Canadian trade that actually has some substance, I would strongly Simon Nixon’s piece in today’s Times. This explains clearly why a ‘Free Trade Area’ such as the old EFTA, or today’s NAFTA, is not synonymous with Free Trade. FTAs have no tariffs between […]