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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
comments

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
comments

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
comments

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...
Ryan Bourne
10 March 2015
1 comment

The battle for the soul of the Conservative party post-election has already begun. This week, commentator and conservative activist Tim Montgomerie will officially launch his new agenda –...
David Henderson
6 March 2015
1 comment

In two previous posts, I criticised a number of recent commentators in the Financial Times (FT) for routinely quoting figures that were much too low for the GDP of poorer countries. I made the point...
Ryan Bourne
4 March 2015
10 comments

BBC director-general Lord Hall must have thought all his Christmases had come at once. For years, the corporation has been on the defensive about the future of the TV licence fee. Campaigners had...
D.R. Myddelton
2 March 2015
3 comments

Most people in this country have probably never heard of The Forgotten Depression, the title of a new book by James Grant. Unlike the Great Depression which started in 1929 and lasted until 1941 (in...
David Henderson
26 February 2015
1 comment

Better days at the FT In an earlier piece (7 January), I criticised staffers at the Financial Times (FT) for persistently quoting misleading figures for the GDP of a range of developing countries. In...
Steve Davies
25 February 2015
7 comments

One of the recurring features of what we may call ‘popular economics’ in this country is the hostility to ticket touts. For most of the public they rank close to the bottom of social...