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...

Price controls across many sectors are currently being hotly debated. New controls in the housing market, more onerous minimum wages, minimum prices for alcohol, and freezes on energy prices are very high up the agenda of most politicians at the moment. Even without any further controls, wages, university fees, railway fares and many financial products already have their prices at least partly determined by politicians rather than by supply and demand in the market. Indeed, barely a sector...

Amidst the debates about ‘austerity’ a number of vital debates in public finance have been sidelined. Because the reductions in government spending – small though they have been so far- have been designed to reduce the government’s borrowing requirement, there has been little discussion of whether the size of the state should be reduced in order to facilitate long-run reductions in the burden of taxation. This book traces the history of the growth of the size of the state over the last 100...

Where Does Money Come From? reveals how, contrary to public perception, the bulk of today's money supply is created and allocated by commercial banks in their role as providers of credit. The authors argue that this system is inherently unstable, with little effective regulation of how much credit is provided, or whether it is used for productive or speculative purposes. Based on detailed research and consultation with experts, including from the Bank of England, Where Does Mo...

Exam Board: AQALevel: AS/A-levelSubject: EconomicsFirst Teaching: September 2015First Exam: June 2016Build knowledge of Economics through active learning with the latest Powell textbook, featuring quantitative skills practice and brand new case studies.This textbook has been fully revised to reflect the 2015 AQA A-level specification, giving you ...

The renowned economist and New York Times– bestselling author presents a "succinct and sophisticated" account of Western economic decline (Paul Collier, The Observer ).Amid the hype of China's economic rise, the most important story of our generation is being pushed aside: America is not just in decline, but on course to become the biggest welfare state in the history of the Wes...

Exam Board: OCRLevel: A-levelSubject: EconomicsFirst Teaching: September 2015First Exam: June 2017This textbook has been fully revised for use with the new 2015 OCR Economics specification, giving you up-to-date material that supports your teaching. This book will enable students to:- Develop subject knowledge, with topic-by-topic insight and advice from Peter Sm...

Exam Board: EdexcelLevel: AS/A-levelSubject: EconomicsFirst Teaching: September 2015First Exam: June 2017Develop your students' knowledge of themes 3 and 4 of the Edexcel specification and put theory into context with focused case studies and practice activities.Maximise their potential in Edexcel A level Economics A with this Edexcel-endorsed te...

Economics is a huge subject, and this book is the perfect place to start. Designed specially for undergraduates, it includes features such as questions that may come up in exams, quotes from leading theorists that you can use in your essays, and case studies providing real-life examples. The book is written by Dr Thomas Coskeran, a lecturer at Durham University School of Business, who has been an advisor to both HM Treasury and the NHS. This really is the only book you need to start gettin...

Bored with endless grandstanding and people being wise after the event? Then The Age of Instability is the one book you should read on the financial crisis. Setting the near collapse of the international financial markets and banking system in a global and historical context, Sunday Times economics editor and bestselling author David Smith looks not only at the political and economic factors that contributed to the fall of Lehmans, collapse of Iceland and disintegration o...

The FIRE economy built on finance, insurance and real estate is now the world’s principal source of wealth creation. Its rise has transformed our political, economic and social landscapes, supported by a neoliberal regime that celebrates markets, profit and risk. From rising inequality and ballooning household debt to a global financial crisis and fiscal austerity, the neoliberal ‘orthodoxy’ has brought instability and empowered the few. Yet it remains remarkably resilient, even resurgent,...

The book aims to give non-economists a detailed understanding of how macroeconomic policy works in modern economies, and the issues it faces. The world has recently been through a huge economic crisis and thinking people everywhere have reason to wonder whether something is not seriously wrong with the policy regimes underlying these dramatic events in the major economies, and whether changes should be made. The author reviews the history of the successive regimes tried and found wanting i...