The master economist…must be mathematician, historian, statesman, philosopher — to some degree. He must understand symbols and speak in words…No part of man’s nature or his institutions must be entirely outside his regard.JOHN MAYNARD KEYNES, 1924
English Economic is an economics blog for working people.
If you’re interested in current affairs but usually skip the boring business and economic pages, this blog was made for you. We want to bring you writing about the economy which is relevant, accessible and, above all, interesting and full of fresh thinking about how the economy works and what it means for you, our society and our way of life.
Just as politics is too important to be left to politicians, economics is too important to be left to economists. We explore economic news and ideas from the point of view of the millions of men and women whose work actually makes up “the economy”.
We believe economics should be a fascinating and diverse subject encompassing social psychology, culture, politics, philosophy, history, technology and much else besides. But economics has been dehumanised. In the 21st century, it has been reduced to the sterile analysis of a single, highly theoretical and ideological “model” in which isolated individuals are supposed to make decisions according to silly rules that have nothing to do with the way real people think or behave.
The business and economic media rarely challenge this fantasy or the implications of accepting it. Too often, they treat the economy as the private concern of economists, financial speculators and wealthy business people. Have you noticed that the first person asked to comment on a piece of economic news is usually an economist whose salary is paid by a bank? Economics should be about the big things in life, but usually all we get is two or three suits arguing the toss over small shifts in numbers that mean nothing to the rest of us.
The economy is not a model, a system or an alternative universe. It’s not a money-making machine for the global elite. The economy is just us and what we do. It is six billion human stories — how we work, produce, create, share, change, enjoy, consume and waste. How we make the choices that define our lives. And what those choices mean for everyone else.
If you want to know more about where we’re coming from, please read the FAQ.