The Free Lunch

Happier Christmas 2010? 

How to end recession in 9 months -

Prof Richard Werner

The Financial Times has posted a piece from Richard Werner Professor of International Banking at Southampton University. LINK: Financial Times 15 December 2009 Martin Wolf’s Economists’ Forum to read the posting. His suggestion is that the government should borrow its entire Public Sector Borrowing Requirement from the banks. But will the UK continue trying a failed Japanese model that for 20 years has left the Japanese people in such straits? Werner has nearly 2 decades of banking and academic experience, much of it inside Japan at the very centre of banking and finance there. His ideas have shown clarity and consistency as can be seen in his published writings. He runs a successful non-leveraged investment fund LINK: Profit Global Macro Fund based on his theories which gives the ideas practical (i.e. £ $ ¥ €) support.

A letter, LINK: Financial Times 2 September 2009, covers a broader summary of his solutions to our economic mess. A longer article expanding on these themes is in the largest English language Japanese newspaper, LINK: The Daily Yomiuri 9 March 2009.

Why does this blog keep highlighting Werner’s work? Because it gives space to socio-political and economic ideas that could lead to a fairer society. Werner ideas are of this nature. This theme is explored in my book, LINK: The Free Lunch – Fairness with Freedom.

Werner is also director of the Centre for Banking, Finance and Sustainable Development at Southampton University. His major books are: ‘New Paradigm in Macroeconomics’ (Palgrave Macmillan, 2005); ‘Princes of the Yen’ (M.E. Sharpe, 2003).