Tag Archives: richard duncan

Mark Pack

The New Depression: Richard Duncan’s prognosis of our economic ills and the answer to them

By Mark Pack | Mon 18th June 2012 - 1:54 pm

A slight change from the usual in my day job at MHP Communications has come courtesy of our client Richard Duncan and his new book, The New Depression, which is primarily about the US but with lessons that are very applicable to the UK.

In a nutshell, his case is half-Austrian. Or indeed half-Keynesian. That is because whilst Duncan’s diagnosis of the current economic ills is very much in the Austrian school of economics, with its emphasis on the role of credit, his prescription for fixing the economy is large-scale borrowing to fund infrastructure work, all of which sounds rather Keynesian.

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Posted in Books and Op-eds | Also tagged | 17 Comments
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