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On the 200th anniversary of George IV's accession to the throne, this lecture considers whether or not he had any real impact on the fast-industrialising world around him, and the turbulent political times he lived through.
In this final lecture we will consider whether we can plot a more successful future than our recent history might suggest and what that implies for our economic and political institutions.
The experience of inter-mediation in the UK does not encourage the thought that long term finance can easily be located. Do we need a Development Bank?
We will carefully outline the categories of savings held by households and link that to the operation of financial intermediaries in providing loanable funds.
Productivity growth in the UK economy has lagged behind that of our major trading partners. We will examine a number of possible explanations ranging from the role of finance to the employment of physical and human capital.
Edward VII had an instinctive understanding of the human side of monarchy. At home he faced a constitutional crisis when the House of Lords rejected the budget in 1909. The crisis remained unresolved at Edward’s death in 1910.