麻豆社

It is fair to say that in the last three decades, the world has been run by economists. Their orthodoxy has dominated civil services, central banks and policy-making. But one might look at the world right now and say that economists have made a hash of things. The crash, the lack of growth since the crash and the failure of the economic system to deliver for everyone, all evidence that something is not working.

The last few decades have seen a huge reduction in human poverty in China and elsewhere, no mean achievement. But with everything that has gone wrong, you鈥檇 expect that economists would be rethinking their subject. And it turns out, they are.

In this episode Angus Armstrong, former Treasury economist, now Chief Economic Adviser to Lloyds Bank and the National Institute of Economic and Social Research, focuses on growth, inflation and what we do to control them.

(Photo: Angus Armstrong Credit: National Institute of Economic and Social Research)