Of Bedrooms and Defunct Economists

theviewfromlightwoodspark

It was thirty years ago that I opted for the Economic and Social Thought paper at Oxford and studied, with, I hope, historians’ scepticism, the works of Marx, Ricardo, Keynes et al. Fascinating reading it was too and I can recommend Keynes as a writer of wonderful English prose. During one tutorial my tutor, Ross McKibbin at St. John’s, talked about the French neoclassical economist Leon Walras (1834-1910) who had attempted to express all of human economic activity in a series of complex mathematical equations. The intellectual architecture of Walras system was impressive and way beyond my mathematical capacity but, as McKibbin drily observed, ‘You need a degree of detachment from the real world to come up with something like that.’ I was reminded of this as I read about yesterday’s nationwide protests against the so-called Bedroom Tax.

The thinking behind the ‘Bedroom Tax’ is simple. There are many families…

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About Travelling Coral

I started my blog, Travelling Coral in 2011 to record some of the highlights of the round the world trip I made with my husband Phil. It changed my life and as a result I downsized, decluttered to have a life with less housework more travel. Long term travelling is my goal.

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