How is the inflation flare-up of the early 2020s to be explained? In this book Tim Congdon, one of the world’s leading monetary analysts and Fellow of the Royal Economic Society, argues that a money growth explosion in spring and summer 2020 was the main cause.The book is scholarly, but also lively and readable. Congdon restates the quantity theory of money, advocating the usefulness of a broadly-defined measure of money which includes all, or nearly all, bank deposits. He applies ...

As Covid-19 hit the world’s leading economies, most economists – in central banks and elsewhere – expected years of disinflation or even falling prices. To counter the supposed risks, policy-makers embarked on expansionary measures which caused money growth to reach remarkably high rates in spring and summer of 2020. In the event inflation soared in the next few quarters. In 2022 it reached the highest levels for 40 years in the USA, Europe, the UK and elsewhere. In this bold new book Cong...

The BBC holds a special place in the world of broadcasting. It derives its funding from a compulsory levy on people who may not even use the service. The protection it receives is justified on the grounds that it contributes to national welfare because of its role in ‘public service broadcasting’. The authors of this book argue that the BBC’s funding model is becoming untenable as technology changes. Furthermore, technology has also undermined the justification for government support for p...

In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called Great Moderation”), with steady growth and low inflation. But the period since mid-2007 (the Great Recession”) has seen the worst macroeconomic turmoil since the 1930s. A dramatic plunge in trade, output and employment in late 2008 and 2009 has been followed by an unconvincing recovery. How is the lurch from stability to instability to be explained? What are the intellectual origins of the policy ...

What does the future hold for broadcasting in Britain? At a time when British broadcasting is undergoing great change, what revenues will be available for funding programming in the 1990s and beyond? Paying for Broadcasting: The Handbook presents a wide-ranging discussion of funding options open to broadcasters. Commissioned by the BBC to inform debate in the run up to the 1996 Charter Renewal, and drawing on examples from Britain and other worldwide broadcasting markets, the authors explo...

Whether you already own a small or medium business, or you are thinking of buying or starting one, The Penguin Small Business Guide is your first step to success. This new edition will keep you up-to-date with the changing face of Australian small business.In this practical, easy-to-understand guide, Nicholas Humphrey gives advice on:preparing a business plan effective marketing and public relations strategies how to comply with the new workplace relations legislatio...

The vast majority of Canadians are blissfully unaware that every man, woman and child in Canada now owes a $35,000 share of government debt and must pay this back, with interest! Make no mistake, this debt will change our country and affect every single Canadian in the decades to come. You may think you have planned for your retirement and are safe, but the government must find a way to recover this borrowed money, and they can only do that by raising your taxes and reducing your hard-earn...

What is money, where does it come from, and who controls it?In this accessible, brilliantly argued book, leading political economist Ann Pettifor explains in straightforward terms history’s most misunderstood invention: the money system. Pettifor argues that democracies can, and indeed must, reclaim control over money production and restrain the out-of-control finance sector so that it serves the interests of society, as well as the needs of the ecosystem.

Enterprise and Venture Capital is the bestselling guide for people looking to build new businesses around bright ideas, and investors awake to the opportunities offered by new business building. This is the revised and updated fifth edition of the book that is widely regarded as the handbook of the Australian venture capital industry.Enterprise and Venture Capital sets out in a straightforward and practical way how to put venture capital to work. It discusses the ...

"Of all the economic bubbles that have been pricked," the editors of The Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place? In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offer...

In a recent study of 61 hospitals, it was found that they bought 21 different types of A4 paper, 652 different kinds of surgical gloves and 1751 different cannulas.Police forces could cut the cost of their uniforms by over 30 per cent if they all bought the same one. But they disagree on how many pockets they need.Having committed to buy two new aircraft carriers, the MOD realised it didn't have the funds to buy them. The delayed de...

There is growing dissatisfaction with the economic policies advocated by the IMF and other international financial institutions - policies that have often resulted in stagnating growth, crises, and recessions for client countries. This book presents an alternative to "Washington Consensus" neo-liberal economic policies by showing that both macro-economic and liberalization policy must be sensitive to the particular circumstances of developing countries. One-size-fits-all policy prescriptio...