Making And Selling Coca Cola Is A Sin Says The Senior Lecturer

A gentleman who is soon to be unemployed as an economics professor tells us that the production and sale of Coca Cola is a sin:

If sin such a terrible thing when it comes in the form a can of Coke? Well, yes it is when the planet cannot afford that waste of resources, the product is laden with anti-competitive protections and potential tax loopholes, and it happens to have contributed to substantial increases in childhood (and other) obesity.

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Richard Murphy Proves That Fighting Climate Change Isn’t Worth It

Not that Richard Murphy realises that he’s just proven that climate change isn’t something we should bother about but then that’s because Richard Murphy doesn’t understand the subject under discussion.

But on such a misunderstanding he has based his entire idea of a new form of accounting to deal with climate change.

Hey ho, that expansion of the universities was a mistake, wasn’t it?

The core point is this:

The framework must also have a forward-looking focus when considering capital sufficiency for the sake of protecting all stakeholders of the reporting entity.

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University Expansion Wasn’t A Good Idea – Michael Gove VAT And Sales Tax Edition

It has to be said that the expansion of the universities wasn’t all that obviously a good idea. Sticking 50% of the age cohort through grievance studies for three years doesn’t particularly aid the future. But rather more than that we have evidence that there’re not sufficient people competent to teach to staff the upgraded places.

Let us take as our example this analysis of Michael Gove’s idea to scrap VAT and replace it with a sales tax:

Value added tax is an idea embraced by more than 150 countries around the world.

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As Perfect Information Doesn’t Exist Then Therefore Nor Do Markets

This is the outcome of this insistence by the Senior Lecturer at Islington Technical College. That we don’t have perfect information, we never have perfect information and therefore markets don’t exist. This is a less than nuanced reading of the actual economics on the subject. But then you know, Senior Lecturer and all that:

“If you go back to economic theory, it says markets can only function if they have information to make decisions with.

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To List The Merits Of A Hard Brexit

The Senior Lecturer at Islington Technical College has asked us to list the merits of a Hard Brexit. One that is a default to World Trade Organisation rules.

Thus, here goes:

1) How will you protect UK business from dumping?

We won’t. The aim, purpose and intention of trade is to gain access to those things which Johnny Foreigner makes better, cheaper, faster – pick any two of three – than our own domestic producers do.…

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To Get The Very Basics Of Modern Monetary Theory Wrong

Modern Monetary Theory is an oddity. In one sense it’s simply a statement of the blindingly obvious – governments create modern money so they can’t run out of it. As long as they can afford the paper and the ink – something Zimbabwe famously proved it is possible for a government to fail at, their last run of hundred trillion $Zim notes wasn’t worth enough to buy the ink for the next – then they can always print more.…

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The Corporate Accountability Network – CAN Is A Euphemism For What?

The latest little offering from the Senior Lecturer at Islington Technical College is the Corporate Accountability Network. The purpose of which is to provide an income when the lecturing gig finishes.

The creation of the Corporate Accountability Network is being funded by Richard Murphy, its director. Applications are being made for grant funding, both from civil society and academic sources and it is our intention to disclose all our significant funding sources, barring small donations.

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Dear Lord Above, If Only City University Employed Economics Professors Who Knew Economics

It is possible that this expansion of the universities wasn’t all this good an idea. For example, the upgrading of Islington Technical College into City University seems to have led to people being employed to teach economics while they don’t grok economics.

Richard Murphy is the Professor of Practice in International Political Economy at City U. No doubt all are delighted at the prestige he brings to that institution. The children paying to attend that place of education might not be so thrilled.…

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The Professor Doesn’t Understand The Paper

It’s possible to wonder a bit whether the expansion of the universities was a good idea. Here we have the Senior Lecturer in political economy at Islington Technical College attempting to parse a paper about the effects of tax and reputation upon companies. The result is less understanding than we might hope for.

The paper itself is here:

This research investigates the impact of corporate tax strategies (i.e., tax avoidance and non-avoidance) on consumers’ corporate social responsibility (CSR) perceptions, willingness to pay (WTP), and corporate reputation in two laboratory experiments (n=409) in the United States and Germany.

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Gross Ignorance About Interserve’s Failure And Outsourcing Of Public Service Provision

It’s entirely true that Interserve has gone under – ‘K, perhaps is slipping below the waves – as a result of that mountain of debt. However, from that to conclude that the outsourcing of pubic services provision should stop is to be grossly ignorant of the matter at hand. For what we’re saying here is that the capitalists who funded those public services have just lost their capital. Meaning, equally, that taxpayers have had the use of that capital in the provision of public services without having had to pay for it.…

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