It’s nigh on four decades since I was taught basic economics by Lew Davies at Wolverhampton Polytechnic in the first year of my degree. Lew, who always described himself as a ‘labour economist’ (by which I’ve always understood to be related to toil rather than anything partisan), didn’t have an easy job, trying to instil an understanding of economics into a diverse bunch of freshers who’d never encountered it before; and let’s face it, economics can be terribly dry and dusty.
However, Lew did a splendid job. For instance, he taught us all about the law of diminishing returns with an anecdote about a favourite nephew and his love of strawberry ice cream! I still have a collection of his more outrageous sayings from his lectures; even nowadays these raise a wry smile.
Since those undergraduate days economics has not featured largely in my life. Until now.
Tonight the Bristol Festival of Economics starts and I’ve been kindly offered a season ticket by organiser Andrew Kelly (thanks Andrew!). The first session starts at 6 pm tonight with a panel session entitled ‘The Future of Capitalism’.
I shall be covering the festival live on Twitter, using the festival hashtag #economicsfest.