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Do markets solve the problem of discrimination?

The Prime Minister recently announced that the civil service will now introduce name-blind recruitment.  When people apply for public sector jobs, their name will not appear on the documents sent to the appointment panel.  Major companies such as HSBC, KPMG, the BBC and the NHS are following

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Why a sugar tax would be a big fat failure: People are too smart for central planners

Government ministers have bowed to pressure. They have published the report by Public Health England (PHE) which calls for a tax of up to 20 per cent on sugary drinks and foods.  If the tax reduced sugar intake in line with the recommendations, it is claimed that

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Technological breakthroughs will make fossil fuels unburnable – not bureaucrats

The Governor of the Bank of England, Mark Carney, courted the wrath of the fossil fuel industry in a speech at the end of last month.  He argued that investors in the sector face ‘potentially huge losses’.  Actions by governments to try to head off climate change

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Integration won’t save the struggling Eurozone

Olivier Blanchard, the recently retired Head of Economics at the International Monetary Fund, has something of a track record with his predictions.  In 2013, he warned George Osborne that he was “playing with fire” with the UK’s recovery from the financial crisis.  Austerity had to be relaxed.

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Uber – a disruptive technology?

Uber’s arrival in London over the last two years has received a mixed response. By some it has been lauded as a progressive solution to their transport woes. By others it is regarded as an aggressive, and fundamentally unfair, competition for black cabs and has been heavily

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CEO compensation and Jamaican demands for reparations: two sides of the same coin

David Cameron’s visit to Jamaica last week led to vociferous demands for the UK to pay the Caribbean island billions of pounds in reparations for slavery.  Most people here reacted with predictable eye-rolls and sighs.  Slavery was abolished throughout the British Empire in 1833, nearly two centuries

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Um Bongo: a spotlight on modern social and economic behaviour

Readers who either had young children or were children themselves in the 1980s will recall the Um Bongo jingle.  The advert assured us it was drunk in the Congo.  A survey published last week to mark the 60th anniversary of British television advertising showed that no fewer

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How do you deal with someone who thinks the Earth is flat?

Imagine you are relaxing at a bar enjoying a drink after a hard day’s work.  The person next to you strikes up a conversation.  Initially he seems reasonable.  But soon he begins to go on at length about how the Earth is flat and how a misguided

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The national accounts are the new JK Rowling

A potential candidate for the world’s most boring book is the Office for National Statistics’ National Accounts: Sources and Methods.  This book, all 502 pages of it, is currently available in hardback on Amazon for just 1p.  It does exactly what it says in the title.  It

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Why economics can prevent Europe’s refugee crisis from becoming even worse

Emotions are running high over the refugee crisis, with heart-breaking images arousing waves of compassion across Europe. As ever, however, economics lurks in the background. The tragic stories of refugees coming to Europe rightly elicit a call to help those in need, but we must understand the

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