All posts by: Hector Pollitt

It’s time to kill the social cost of carbon

Social cost of carbon emissions CO2

The social cost of carbon (SCC) is a hideous construct of mainstream economics. It is designed to show the economic value to the world of reducing a single unit of greenhouse gas emissions. It provides a number that can then be plugged into cost-benefit calculations.

It is mis…

What if China said ‘no’ to new coal?

chinese coal climate change

Head of Modelling, Hector Pollitt, sends us a report from the United Nations climate change talks (COP24) in Katowice, Poland.

The mood going into COP24 has not been overly positive. Yes, there are record numbers of renewables installations, but global emissions are still incr…

Austerity and the relative success of English football teams

football austerity government spending

The impact of changes to the TV industry, the financial crisis and subsequent period of austerity appear to impact on the relative success of English football teams.  

Here, our Director Hector Pollitt combines two of his passions: football and economics and puts forwards so…

International trade – is more, better? Why economists need to take a new look at the role of international trade in the modern economy

international trade is more better

Outdated theories, unrealistic assumptions… our understanding of international trade is skewed.  This latest blog by Hector Pollitt suggests that the ‘more is better’ assumption is too simplistic. In fact, he argues, the benefits of international trade are overplayed and it’s …

E3ME, endogenous money and Modern Monetary Theory (MMT)

Endogenous Money Modern Monetary Theory (MMT) E3ME

Unlike most other macroeconomic models, ours (E3ME) includes endogenous money as a core feature (including borrowing by government). 

This difference is important because it allows us to best predict outcomes that might be encountered by our clients.  Find out how…

We…