So how do we test if a proposal is bollocks?

Letter to The Times

Miatta Fahnbulleh
Chief Executive of the New Economics Foundation

OK, we think it could very well be.

Prem Sikka
Emeritus Professor of Accounting, University of Essex

It probably is you know

Fran Boait
Executive Director, Positive Money

Oh yes, now we’re cooking!

Neil Lawson
Director of Compass

Asymptotically approaching 99% certainty here.

France Coppola
Economist and author

Eh? You what?

Richard Murphy
Professor of Practice in International Political Economy at City, University of London

100% now. To be fair here we don’t need all the rest, the last tells us anyway.

12 thoughts on “So how do we test if a proposal is bollocks?”

  1. The letter says that the Govt is doing a rubbish job and the likes of Kapt.Kartoffel should run everything.

    There are actually 80 signatories – a big bunch of crypto-(or perhaps not) fascist lefty also-rans who see this as an opportunity. I imagine that the main purpose is to allow the BBC to run with “80 academics call for more government intervention”.

    The overwhelming majority are either in lowly posts, lowly institutions, or engaged in nonsense studies. There is a Jackie Jones who describes herself as ‘Former Professor of Feminist Legal Studies Former MEP’ who one supposes is now a full-time nonentity. Ania Plomien who is ‘Assistant Professor, Gender Studies, LSE’ has also put her name to this, as has Janet Veitch who is ‘Chair of the UK Women’s Budget Group’.

    Folk from the Universities of Rhode Island, Solento and Manitoba, the Berlin School of Economics and Law, Erasmus University Rotterdam, the Sorbonne and an economist from Washington DC all feel entitled to tell us what to do.

    Tim – please write a replique to the Times adding as signatories all your commenters. Please remember to include all the Dennises for extra local colour.

    Thanks.

  2. France Coppola
    Economist and author

    Think of how easily Syria will shrug this off though, due to being exponentially enriched by Syrians.

  3. Ania Plomien who is ‘Assistant Professor, Gender Studies, LSE’ has also put her name to this

    Ania Plomien, tosser of word salad:

    My research is concerned with gender inequality in relation to production, social reproduction and labour mobility from a feminist political economy perspective. I am interested in the ways in which inequalities in access to and command over resources and power get produced, reproduced, and challenged through everyday socioeconomic relations in paid and unpaid work and care and the role of policy interventions in these domains. Examining these problems in contemporary Europe, I variously incorporate the trans-, supra-, and national as well as local levels of analysis. In particular, my research concerns (a) socioeconomic policies in national and supra-national governance, including at the EU level; (b) social transformations in the Central and East European region, especially Poland; and (c) micro-level, often transnational, experiences and practices in negotiating gender, class and migration in paid and unpaid work.

    Pol Pot was right, wasn’t he?

  4. Steve, from Ms Plomien’s precis of her research I hereby coin Crun’s 1st Law: Any job description is inversely proportional to its actual importance.

  5. Now being apposite for everyone with a bee in their bonnet to assert that ‘now is the time’ I hereby declare it is time for the Dissolution of the Universities.

  6. The letter is actually about the lack of government support for the self-employed (true, but understandable given the complexities of working out what past/current earnings were/are). But I thought the Spud viewed all self-employed individuals as tax-dodging vermin?

  7. Miatta Fahnbulleh
    Chief Executive of the New Economics Foundation

    No need to read more, bollocks confirmed. She’s as dangerous, deluded and loony as AOC & Spud

    The missing Link
    https://www.thetimes.co.uk/article/times-letters-crashing-the-economy-versus-sacrificing-lives-w9l52zgmm

    Anyone have sub and post in full here or pastebin?

    btw: imo Times should drop paywall on articles like this:
    https://www.thetimes.co.uk/article/coronavirus-troops-will-deliver-food-to-the-vulnerable-0tp6qm33h
    https://www.theweek.co.uk/sites/theweek/files/2020/03/etvx0dxxsaagu1d.jpeg

  8. @Pcar – you asked for it 🙂

    Sir, As economists, academics and directors of research organisations, we are writing to insist that the government goes significantly further in its economic response to the Covid-19 crisis. We welcome the support for the employed, but the self-employed have been left out in the cold. They must be supported immediately: existing institutions such as HMRC should be used to deploy funds to this group.

    Further, the chancellor’s job retention scheme must mandate against any layoffs with immediate effect. There is a risk that many firms will let staff go in the days ahead. In order to receive wage subsidies firms must keep all staff on payroll.

    Finally, the universal credit system will be unable to cope with all of the newly unemployed or underemployed. All means-testing must be removed to speed up the claims process.

    Economic collapses become increasingly difficult to arrest if they are allowed to continue unabated. There is a real risk that this recession could turn into a depression. The government must move decisively to get cash into the hands of households and firms before the economic dominoes start to fall.

    Jo Michell
    Associate Professor in Economics, UWE Bristol

    Rob Calvert Jump
    Research Fellow in Political Economy, Greenwich University

    Diane Elson
    Emeritus Professor , University of Essex

    Danielle Guizzo
    Senior Lecturer in Economics, UWE Bristol

    Miatta Fahnbulleh
    Chief Executive of the New Economics Foundation

    Mary-Ann Stephenson
    Director, Women’s Budget Group

    Prem Sikka
    Emeritus Professor of Accounting, University of Essex

    Sunil Mitra Kumar
    Lecturer in Economics, King’s College London

    Jonathan Portes
    Professor of Economics and Public Policy, King College London

    Daniela Gabor
    Professor of Economics and Macrofinance, UWE Bristol

    Fran Boait
    Executive Director, Positive Money

    Jane Lethbridge
    Principal Lecturer, Department of International Business and Economics, Faculty of Business, University of Greenwich

    Nick Srnicek
    Lecturer in Digital Economy, King’s College London

    Mat Lawrence
    Director of the Common Wealth think tank

    Rob Palmer
    Director of Tax Justice UK

    Neil Lawson
    Director of Compass

    Joe Guinan
    Vice President, The Democracy Collaborative

    Laurie Macfarlane
    Fellow, UCL Institute for Innovation and Public Purpose

    Jackie Jones
    Former Professor of Feminist Legal Studies Former MEP

    Sarah Jayne-Clifton
    Director of the Jubilee Debt Campaign

    Michael Jacobs
    Professor of Political Economy, University of Sheffield

    Ania Plomien
    Assistant Professor, Gender Studies, LSE

    David Adler
    Fellow, European University Institute

    Neil McInroy
    Chief Executive, Centre for Local Economic Strategies

    Will Stronge
    Director of Autonomy

    James Meadway
    Associate fellow at IPPR

    Rebecca Tunstall
    Professor Emerita of Housing Policy, Centre for Housing Policy, University of York

    Juvaria Jafri
    Lecturer in International Political Economy, City, University of London

    Bruno Bonizzi
    Senior Lecturer in Finance, University of Hertfordshire Business School

    Andy Denis
    Fellow Emeritus in Economics, City, University of London

    Anna Laycock
    CEO, Finance Innovation Lab

    Guglielmo Forges Davanzati
    University of Salento

    Steve Keen
    Distinguished Research Fellow, Institute for Strategy, Resilience and Security, University College London

    Constantinos Alexiou
    Professor of Macroeconomics and Policy, Cranfield University

    Simon Wren-Lewis
    Professor of Economic Policy, University of Oxford

    Jonathan Perraton
    Senior Lecturer in Economics

    Sophia Kühnlenz
    Lecturer in Economics, Manchester Metropolitan University

    Frank van Lerven
    New Economics Foundation

    Jan Toporowski
    SOAS University of London

    Cem Oyvat
    University of Greenwich

    Neville R Norman
    Universities of Melbourne and Cambrdge

    Pedro Mendes Loureiro
    University of Cambridge

    Mark Setterfield
    JNew School for Social Research

    Ewa Karwowski
    University of Hertfordshire

    Mary V. Wrenn
    U. of the West of England

    Carolina Alves
    University of Cambridge

    Ozlem Onaran
    Prof of Economics, University of Greenwich

    Ingrid Harvold Kvangraven
    University of York

    Engelbert Stockhammer
    Professor of International Political Economy, King’s College London

    Deborah Dean
    Associate Professor in Industrial Relations, Warwick Business School

    Emanuele Lobina
    Principal Lecturer, PSIRU, University of Greenwich Business Faculty

    Ulrich Volz
    Reader in Economics, SOAS University of London

    Andrew Fischer
    Associate Professor, Erasmus University Rotterdam

    Dany Lang
    Associate Professor, University Sorbonne Paris Nord

    Ania Plomien
    Assistant Professor, Gender Studies, LSE

    Janet Veitch
    Chair, UK Women’s Budget Group

    Karl Petrick
    Associate Professor of Economics, Western New England University

    Nina Eichacker
    Assistant Professor of Economics, University of Rhode Island

    Yannis Dafermos
    Lecturer in Economics, SOAS University of London

    Duncan Lindo
    Vrije Universiteit Brussel

    Leslie Huckfield
    Lecturer, Glasgow Caledonian University

    France Coppola
    Economist and author

    Radhika Desai
    Professor, University of Manitoba

    Imko Meyenburg
    Senior Lecturer, Anglia Ruskin University

    Tony Yates
    Resolution Foundation and Fathom Consulting

    Richard Murphy
    Professor of Practice in International Political Economy at City, University of London

    Thomas Palley
    Economist, Washington, DC

    Andrew Cumbers
    Professor of Regional Political Economy University of Glasgow

    Howard Reed
    Landman Economics

    Trevor Evans
    Professor of Economics, Berlin School of Economics and Law

    Prof Pritam Singh
    Visiting Scholar, Wolfson College, Oxford

    Dr Jerome De Henau
    Senior Lecturer in Economics, Open University

    Dan O’Neill
    Associate Professor in Ecological Economics, University of Leeds

    Giorgos Gouzoulis
    Research Fellow, University College London

    Maria Nikolaidi
    Senior Lecturer in Economics, University of Greenwich

    Emanuele Citera
    PhD Student, Economics Department, The New School for Social Research

    Sara Gorgoni
    Associate Professor in Economics, University of Greenwich

    Natalya Naqvi
    Assistant Professor in International Political Economy, London School of Economics

    Jamie Morgan
    Professor, Leeds Beckett University

    Adotey Bing-Pappoe
    Senior Lecturer, Economics, University of Greenwich

    Alfredo Saad Filho
    Professor of Political Economy and International Development, King’s College London

  9. @Chris

    Thanks

    Notable that not a single one them is self-employed or works in private sector.

    They should all be ordered to deliver food, meds etc to the 1.5 million Gov’t has ordered not to leave their homes for 12 weeks – or lose their salaries

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