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COMMENTS 

EU referendum: the view of a UCL clinician-scientist

John Martin, Professor of Cardiovascular Medicine at UCL, argues that scientific advance relies on creativity, cooperation, and financing. To leave the EU would diminish all three, dimming the light of British science in the world and threatening the UK’s future economy. This piece is part of the UCL European Institute’s commissioning partnership with openDemocracy. For more on this topic, join the UCL European Institute for its high-level panel discussion EU Membership and UK Science on 12 May.
10 May 2016
John Martin
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Starts: May 10, 2016 12:00:00 AM

‘Eurofog’ of claim and counterclaim on EU membership and UK science

Graeme Reid, Professor of Science and Research Policy at UCL, recently advised a House of Lords inquiry on the impact of EU membership on UK  science and research. In this post, he discusses the inquiry’s main findings, both expected and unexpected. He also joins a high-level panel to discuss the topic at the UCL European Institute on 12 May 2016.
10 May 2016
Graeme Reid
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Starts: May 10, 2016 12:00:00 AM

Something rotten in the state of Czechia?

The Czech Republic has been in the news recently because of its politicians' somewhat quick Celtic campaign to rebrand the country to the world as ‘Czechia’. But among political scientists and businesspeople the country's name has long suffered worst damage than this.
5 May 2016
Dr Sean Hanley
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Starts: May 5, 2016 12:00:00 AM

Green Social Democracy

Publication date: Feb 13, 2013 05:15 PM

Start: Feb 12, 2013 09:00 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