Posts Tagged pandemic

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

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Coronavirus: Economists have a role to play in recovery

Coronavirus: Economists have a role to play in recovery

Lockdowns are starting to be eased in Europe. Austria, Denmark, Italy and Spain are all moving back towards normality. At some point during May, the UK will follow. We can reflect on what the government has got right and wrong so far in the opening phase of

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