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Emile Woolf

Economics

The science of economics has lost its way

25th April 2022 Emile Woolf 2020 Comments

In 1798 Thomas Malthus postulated his gloomy theory that the growth in population must always outstrip the means of subsistence needed to support it: “Population, when unchecked, increases in a geometrical ratio. Subsistence increases only [more…]

Economics

Reality begins to dawn

4th April 2022 Emile Woolf 2143 Comments

Shortly before the Chancellor’s Spring Statement, BBC2’s “Newsnight” featured Kirsty Wark interviewing two economic experts, one Conservative, one Labour. She asked each of them to describe the measures they would recommend to the Chancellor, Rishi [more…]

America

Fault-Lines in Thinking Exposed

14th March 2022 Emile Woolf 1841 Comments

Last month I wrote about the massive waste implicit in government-sponsored bureaucracy – at local and central levels. The craving for a sense of importance leads small-minded apparatchiks to seize power over others by controlling [more…]

Business

Economic Idiocy Repeated, Part 2

21st February 2022 Emile Woolf 2096 Comments

In Lewis Carroll’s “Through the Looking-Glass” Humpty Dumpty tells Alice: “When I use a word it means just what I choose it to mean—neither more nor less.” Humpty’s subjective approach to verbal meanings is of [more…]

Business

Economic Idiocy Repeated, Part 1

14th February 2022 Emile Woolf 2194 Comments

Any catalogue of economic legends would of course include the 2008 visit of Queen Elizabeth to the London School of Economics, when the country was experiencing an unprecedented housing market bubble based on the irrational [more…]

Economics

Why governments practise currency debasement – and how to cure them

3rd January 2022 Emile Woolf 3775 Comments

I have written on the subject of currency debasement many times, but it is now reaching crunch-time – even for the pound, dollar, yen and euro.  Most respected economists persist in defining inflation as a [more…]

Economics

All this may be obvious now – but it didn’t start that way!

20th December 2021 Emile Woolf 3022 Comments

Why do I persist in writing these essays on economic issues? Certainly not to influence government policy – that would indeed be a forlorn hope, despite the strength of support coming from most of my [more…]

Economics

Public Waste & Private Thrift

29th November 2021 Emile Woolf 2592 Comments

Veteran observers of economic folly have the advantage of experience. They are already familiar with the failed policies being enacted, yet again, by unprincipled politicians whose sole motivation is re-election. In the meanwhile these pillars [more…]

Economics

The Public are Waking up to the Evils of Inertial Manipulation

15th November 2021 Emile Woolf 2879 Comments

With prices increasing rapidly across a wide range of materials, goods and products, especially basics like foodstuffs and energy, it is astonishing that what citizens now encounter every day is so persistently, and perversely, denied [more…]

Posts pagination

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