Recession or Recovery: What Policies are Best for Business?
Politeia's 2012 economic series continued on 16th April, with Professor Vito Tanzi presenting Recession, Recovery and the State: Does a shrinking economy mean the state should grow?
Professor Tanzi’s lecture considered the role of the state in the current economic conditions, where many countries contend with high unemployment and low growth. The lecture revisited the policies of expansion proposed by some econmists and asked whether enthusiasm for Keynesian-style fiscal policy is justified by examining the key issues:
- How far are such policies likely to be effective or dangerous
- To what extent has Keynesian thinking contributed to the crisis?
The lecture considered the best course for governments given the circumstances of today's rapidly changing global economy, and examined their role in managing and promoting market efficiency.
Vito Tanzi’s recent book, Government versus Markets, the Changing
Economic Role of the State (Cambridge 2011) was published last year. He has served as Director of Fiscal Affairs at the IMF and as Undersecretary for Economy and Finance in the Italian government.
- The impact of opening up public services in the UK to greater competition.
- How changes to the system for distributing public funds could be instrumental in accelerating growth.
- How the ‘individual social accounts’ model could be used to encourage business and voluntary sectors to provide services and respond to growing demand.
Recession or Recovery - What Policies are Best for British Business?
Mark Prisk MP, Minister of State for Business and Enterprise, gave the opening lecture, Cutting the Burden and Cost of Regulation,to Politeia's new series.
As the UK competes in an ever more competitive global economy, the Business Minister considered the best way to help British business succeed. He discussed:
- What priority should be given to curbing regulatory, fiscal and employment costs in the UK?
- What impact do external factors play?
- How best can businesses be helped to compete with lower cost orprotected economies?
We were pleased to welcome Peter Sinclair, Emeritus Professor of Economics at the University of Birmingham, to respond to Mark Prisk after the lecture.
Universities Minister David Willetts delivers Politeia's New Year Address
Giving Politeia’s New Year Address on 19th January, David Willetts discussed the importance of universities as institutions for the transmission of learning and wisdom over generations.
David Willetts MP, Universities Minister, gives Politeia's New Year Address
Across the world British Universities have been applauded for their tradition of learning and scholarship, for freedom and open intellectual enquiry and for excellence in the humanities and pioneering research in the sciences. Today, British universities attract students from around the world for undergraduate courses as well as post-graduate training and research.