Utopia, you are standing in it!

SMR transporter

Nuclear is a slow-moving game but signs of progress are emerging. The problems of intermittent wind and solar power are only going to increase in step with their share of the UK power supply, as the government has caved in to the ’emissions’ obsessions of the climate lobby.
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Reactor designer Rolls-Royce will announce that a consortium of investors will back plans for a new smaller nuclear reactor project, reports BBC News.

As part of its 10 point green energy plan, the government has already announced it would provide £210m in funding if that could be matched by private capital.

An announcement that money has been raised could come as soon as Tuesday.

Around 21% of Britain’s electricity supply is provided by nuclear power.

My last several posts have been focused on Marshall and Walras and the relationships and differences between the partial equilibrium approach of Marshall and the general-equilibrium approach of Walras and how that current state of neoclassical economics is divided between the more practical applied approach of Marshallian partial-equilibrium analysis and the more theoretical general-equilibrium approach of Walras. The divide is particularly important for the history of macroeconomics, because many of the macroeconomic controversies in the decades since Keynes have also involved differences between Marshallians and Walrasians. I’m not happy with either the Marshallian or Walrasian approach, and I have been trying to articulate my unhappiness with both branches of current neoclassical thinking by going back to the work of the forgotten marginal revolutionary, Carl Menger. I’ve been writing a paper for a conference later this month celebrating the 150th anniversary of Menger’s great work which draws on some of my…

November 7 2021 — On October 18 1941, Richard Sorge was arrested in Tokyo. He was hanged on November 7 1944, at 10:20 Tokyo time in Sugamo Prison. A number of famous personalities — from General Douglas MacArthur to James Bond’s father and former MI6 Ian Fleming — considered him one of the most accomplished spies. Chief Prosecutor Mitsusada Yoshikawa — the Japanese who led the prosecution and obtained Sorge’s death sentence — wrote that he never met a greater man. Richard Sorge is proof that one spy can alter the History of our world. Follow us on Twitter: @INTEL_TODAY

The classic comedy drama written by John Mortimer QC, starring Leo McKern together with an excellent supporting cast

Rumpole is seduced by a violinist, and learns that music can be the food of death as well as love.

Pearl Harbor was attacked on December 7th 1941. We have all seen the images of that fateful day. However the order for the attack was given more then a month before.

On November 5th, 1941, the 7th Imperial Conference was convened, and two types of request proposals (Draft A and Draft B) were decided upon.

From 10:30 to 15:15, on Wednesday November 5, 1941, t The 7th Imperial Conference is held. Two different Japanese proposals were decided on for submission to the US. These two plans were referred to as Draft A and Draft B. Japan planned to first propose Draft A in negotiations and if not accepted, propose Draft B, which included additional concessions.

Preliminary planning for an attack on Pearl Harbor to protect the move into the “Southern Resource Area” (the Japanese term for the Dutch East Indies and Southeast Asia generally) had begun very early in 1941…

The local Wellington magazine, Capital, which seems to be a curious mix of the serious and the lifestyle, earlier in the year asked if I would write a piece on house prices. That article outlined the story I’ve run here repeatedly, that durable and very large reductions in house and land prices are quite possible – we see everyday examples in perfectly pleasant urban areas in the United States – but are only likely to happen if there is genuine aggressive competition among owners of land beyond existing urban areas. It is that sort of competition, from land whose best other use is probably for something agricultural in nature, that would durably lower land (and house) prices in existing urban areas.

That article ran in April. In late September the editor got in touch and asked if I was interested in doing another piece. Since there had been numerous…