For richer or for poorer? The economic case for marriage is worth remembering

An important piece of social news emerged last week. According to the Office for National Statistics, the divorce rate in 2018 fell to its lowest level for nearly 50 years. The overall trend is clear and well-established. The divorce rate rose steadily from the late 1950s, with sharp rises immediately following the Divorce Act of […]

Economics could teach Theresa May a thing or two about tackling knife crime

Knife crime continues to dominate the headlines. What can be done about it? Economics does not pretend to provide all the answers. But, perhaps surprising to some, it has a lot of useful insights to offer on crime. Gary Becker was a professor of both economics and sociology at Chicago. One day he was pushed […]