Archive for the General Category

Britain’s stagnant regions are stuck in a monetary union trap

Britain’s stagnant regions are stuck in a monetary union trap

The Economic Statistics Centre of Excellence created a bit of a stir at the end of last week with its estimates of growth in the regions of the UK. Since the recovery from the financial crisis began during 2009, London’s economy has grown by 26 per cent.

Read more

From Venezuela to East Berlin, people will always choose capitalism over socialism

From Venezuela to East Berlin, people will always choose capitalism over socialism

How many people across the world in the history of humanity have fled from a capitalist country to a socialist one? There was much amusement at the height of the long miners’ strike of 1984/85. A National Union of Mineworkers official from Yorkshire, a crony of Marxist

Read more

The economics of tourist overload

The economics of tourist overload

I am in Edinburgh for a few days at the Festival, where even Jeremy Corbyn has appeared. Disappointingly, he was not playing the role of Carmela Soprano, the mafia don’s wife who is always present but never involved. Previously, I had been on Skye. Last month, I

Read more

The intellectual imperialism of economics

The intellectual imperialism of economics

At this time of year, most people are focused on leisure. The holiday you have just had, the one you are on now, or the one you are just about to go on. With exquisite timing, the 1 August issue of the top Journal of Economic Perspectives

Read more

Meet the engineers of economic theory: Market design has become a full-time job

Meet the engineers of economic theory: Market design has become a full-time job

What does someone with the job title of “chief economist” actually do? The most well-known in the UK is probably Andy Haldane at the Bank of England, but his role is not typical. So what do the others do? Nobel Laureate Alvin Roth’s paper in the latest

Read more

Brussels elites who fiddled while Rome burned may soon get their comeuppance

Brussels elites who fiddled while Rome burned may soon get their comeuppance

The new Italian government looks set to cause shock waves across Europe. The two parties promise mass deportations of immigrants and huge increases in public spending. Both the social and the economic policies of the Italian coalition clash directly with those of the European Commission, and Germany

Read more

No decent economist will be surprised to see renewables push up electricity prices

No decent economist will be surprised to see renewables push up electricity prices

British Gas is putting up the price of its dual fuel tariff by an average of 5.5 per cent at the end of this month. EDF, whose standard tariff is already one of the most expensive, will raise it by a further 1.4 per cent next month.

Read more

Cyber society needs monopoly-busting competition, not misguided regulation

Cyber society needs monopoly-busting competition, not misguided regulation

The hostility towards the virtual monopolies enjoyed by tech giants such as Google and Facebook reveals some strange bedfellows. The European Commission is well known for its enthusiasm for regulation. No surprise, then, that last year the Commission fined Google €2.4bn – billion! – for giving its own

Read more

Our automated future is brighter than Karl Marx or Mark Carney would ever suggest

Our automated future is brighter than Karl Marx or Mark Carney would ever suggest

Mark Carney, the governor of the Bank of England, hit the headlines at the weekend, claiming that Marxism could once again become a prominent political force in the west. Automation, it seems, may not just destroy millions of jobs. For all except a privileged minority of high-tech

Read more

Should AVs be held to higher standards?

Should AVs be held to higher standards?

In the three weeks since the first fatal crash involving an AV and a pedestrian, plenty of questions have been raised about the safety of self-driving cars. A question to think about soon will be: ‘how safe should AVs be expected to be before they will be

Read more

Contact Us

56-58 Putney High Street, London, SW15 1SF
Phone: 0208 878 6333
Email

Subscribe to our newsletter

Visit Us On TwitterVisit Us On Linkedin