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COMMENTS 

'Highly problematic, to put it mildly'

Deciphering the Conservative Party’s proposals for a new ‘British Bill of Rights’ is not an easy task, as the eight-page policy document is riddled with errors, distortions and imprecise language. What is more, their two main policy aims are highly problematic, argues
Colm O'Cinneide
9 October 2014
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Starts: Oct 9, 2014 12:00:00 AM

UK & EU: New Faces, Old Problems?

The row between Britain and its allies that accompanied the nomination of Jean-Claude Juncker as the new Commission President was seen by some as an effective short-term tactic from David Cameron. But the ‘Juncker bounce’ was short-lived and left Cameron in a long-term strategic pickle.
Paola Buonadonna
6 October 2014
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Starts: Oct 6, 2014 12:00:00 AM

Five lessons of the Juncker Affair

It is now three months since Jean-Claude Juncker was elected President of the Commission, against the express wishes of the British and Hungarian governments.  What lessons can we draw from this episode about British attitudes to the European Union?
6 October 2014
Prof Michael Shackleton
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Starts: Oct 6, 2014 12:00:00 AM

Green Social Democracy

Publication date: Feb 13, 2013 5:15:34 PM

Start: Feb 12, 2013 9:00:00 AM

Michael Jacobs

Prof Michael Jacobs
February 2013

Despite its worthy motives, social market philosophy provides neither a useful analytical framework for understanding modern capitalism, nor the policy tools to address our present economic and social predicament.  The concept of ‘market failure’, with its underlying assumption of market equilibrium, does not capture the systemically adverse outcomes of collective market forces.  A more sophisticated understanding of capitalist economies, and the societies in which they exist, would recognise that the market economy is a dynamic but not self-regulating system.  It is embedded in, and impacts on, four other economies – of the natural environment, of family and care, of voluntary association, and of the public sector – which operate under different motivations and allocative principles.  The role of government is central, to balance the values created by different kinds of institutions and to constrain the dynamic impacts of market forces.  A number of policy conclusions are offered arising from this framework.

Biography: Michael Jacobs is Visiting Professor in the Department of Political Science / School of Public Policy at University College London and Co-Editor of The Political Quarterly.

Acknowledgements: Fabian Society