Archive for the Health Category

Heavy-handed Westminster diktats have eroded trust — now only localised Covid policy can restore it

Heavy-handed Westminster diktats have eroded trust — now only localised Covid policy can restore it

Last month, the official group of scientific advisers — SAGE — warned the government that only a quarter of those who need to self-isolate due to coronavirus symptoms were in fact doing so. This illustrates a concept which is of great practical importance: namely the conflict between

Read more

Following the science? This government lacks a basic grasp of the scientific method

Following the science? This government lacks a basic grasp of the scientific method

Verification and validation. It is hard to imagine a more nerdy phrase. But it is, in essence, how science makes progress. It is what we have to do to check whether a scientific claim or theory is correct. And it has been seriously neglected during the Covid-19

Read more

And this week’s winner for the Stupid Scientist award is…

And this week's winner for the Stupid Scientist award is...

Scepticism about the advice given by government scientists about Covid-19 is rising sharply. In areas like Bolton infections are high. Interviews with the locals reveal that so, too, is disbelief in the veracity of the statements made by members of SAGE, the government science advisory group. The

Read more

Incentives are a better way to tackle Covid-19 than blanket lockdowns

Incentives are a better way to tackle Covid-19 than blanket lockdowns

A great deal of government policy during the Covid crisis has involved regulation. Given a choice, economists usually prefer to use incentives. Altering the relative costs and benefits of an action is a well-established way to alter behaviour. Perhaps the government has been listening. A big stick

Read more

Coronavirus fatality rates are way down – why has the government not taken this on board?

Coronavirus fatality rates are way down – why has the government not taken this on board?

King Canute has had a bad press. The monarch sat on the beach on his throne with the deliberate intention of demonstrating to his courtiers that he could not stop the waves from coming in. But in popular thinking, he is the deranged king who believed he

Read more

On coronavirus, governments have been the most irrational of us all

On coronavirus, governments have been the most irrational of us all

Decisions, whether by individuals, companies or governments, are often made with imperfect and incomplete information. This is so obvious as to hardly seem worth stating. But for well over a century economic theory assumed that decisions were made with complete information. Economists knew full well that this

Read more

Sweden shows us whether lockdown was worth the economic cost

Sweden shows us whether lockdown was worth the economic cost

Did Sweden get it right in its response to Covid? There is increasing interest in this question. Contrary to widespread belief, the Swedes did introduce a few legally enforceable restrictions on behaviour. For example, public gatherings of more than 50 people were forbidden in March. Private ones

Read more

Busting the myth of the selfless bureaucrat

Busting the myth of the selfless bureaucrat

There seems to be a fundamental problem with quangos. Hardly a day seems to go by without some new story of incompetence and mismanagement emerging. Public Health England (PHE) is at least going to be put out of its misery by health secretary Matt Hancock, and replaced

Read more

The costs of lockdown can no longer be justified

The costs of lockdown can no longer be justified

In an otherwise depressing week, two pieces of very good news emerged from India. In Mumbai, blood tests conducted by the city authorities on 6,936 randomly selected people found that some 40 per cent had coronavirus antibodies. Just 6,000 deaths have been reported so far in a

Read more

Great expectations: The Darwinian wars of economic and epidemiological forecasting

Great expectations: The Darwinian wars of economic and epidemiological forecasting

A key concept in modern economics is, to use the jargon term, rational expectations. The idea has dominated orthodox macroeconomics over the past 30 years. Not all economists have been persuaded of its merits by any means, but nevertheless, its influence has extended far beyond academia, into

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