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Joshua Woods
30 July 2015
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When economists talk about the UK economy, the discussion tends to be framed in terms of the ongoing recovery from the financial crisis and its associated recession. That crisis and the vivid images...
Ryan Bourne
28 July 2015
1 comment

The Republican Party must be tearing its hair out. For years, visitors from the US have extolled the strength of the party’s potential Presidential candidates for 2016. The pack is certainly...
Steve Davies
13 July 2015
3 comments

As things stand it seems the saga of negotiations between the Greek government and its creditors has arrived at a denouement. But this is almost certainly not a conclusion. We can expect this show to...
Kristian Niemietz
10 July 2015
1 comment

“Strikes have the added benefit that they give people a nice opportunity to signal their ideology to others”, a friend of mine tweeted yesterday. At least as far as my timelines on...
Christopher J. Coyne and Rachel L. Coyne
8 July 2015
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Advertisements pervade our daily lives. Businesses invest a significant amount of resources in attempting to attract customers. Consider Figure 1 which shows the advertising spending per person...
Steven Horwitz
6 July 2015
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One thing that has always struck me about behavioural economics are the parallels to arguments about market failure (such as externalities). Much of behavioural economics shows us that economic...
Christopher Snowdon
25 June 2015
1 comment

In a classic Beyond the Fringe sketch, Peter Cook is a cult leader sat atop a mountain awaiting the end of the world. When the predicted apocalypse fails to arrive, he turns to his followers and says...
Ryan Bourne
22 June 2015
3 comments

History doesn’t repeat itself, but it does rhyme. On 12 June, 79 economists wrote to the Guardian condemning George Osborne’s plans to run budget surpluses “in good times...
Philip Booth
15 June 2015
2 comments

On 12th June, the Guardian published a letter from 79 economists, including David Blanchflower, Thomas Piketty, Mariana Mazzucato and Ha-Joon Chang. The 79 argue that George Osborne’s proposals...
Christopher Snowdon
10 June 2015
4 comments

Five years ago, in May 2010, I published The Spirit Level Delusion in response to Richard Wilkinson and Kate Pickett's book The Spirit Level which was being widely read at the time. Using similar...
Lawrence H. Summers
8 June 2015
1 comment

In many respects, Thomas Piketty’s Capital in the Twenty-First Century embodies the virtues that we all would like to see but find too infrequently in the work of academic economists. It is...
Mikko Arevuo
21 May 2015
3 comments

It has become increasingly difficult to make a case for the morality of markets even though free market capitalism has been unequalled in reducing poverty and discrimination, and in creating...
Ryan Bourne
19 May 2015
1 comment

I once asked one of Margaret Thatcher’s senior advisers whether her governments had been “too obsessed with economics”. “Economics,” he replied, “is not the most...
Christopher Snowdon
5 May 2015
2 comments

It is around about this time in the electoral cycle that free market economists and libertarians start talking about their rational decision not to vote. Sam Bowman of the Adam Smith Institute set...
Philip Booth
30 April 2015
13 comments

What is striking about Paul Krugman’s recent article in the Guardian criticising the British ‘austerity culture’ is the complete lack of curiosity about the varied and very distinct...
Ryan Bourne
28 April 2015
1 comment

Which school of economic thought has been vindicated by the macroeconomic performance of the UK over the past five years? Given that economists, historians and politicians are still busy analysing...
Christopher Snowdon
24 April 2015
1 comment

Barack Obama is said to have described inequality as the 'defining challenge of our time' and Ed Miliband has made it a central theme of his election campaign. But what form of inequality do...
Christopher Snowdon
23 April 2015
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Income inequality is usually measured by the Gini coefficient. The Gini goes from 0 to 100, with 0 representing total equality (everybody having exactly the same income) and 100 representing total...
Fernando Herrera-González
24 March 2015
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Economic theory is the science which tries to explain economic phenomena. Just as Newton observed an apple falling from a tree and started searching for an explanation to the phenomenon, which...
John Burton
23 March 2015
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The question of whether the BBC is institutionally biased to the left and/or anti-capitalism (not necessarily quite the same) might provoke, in some quarters, the counter-query ‘Is the Pope a...