Even Angela Merkel now seems to agree that austerity has run its course. When Italy’s prime minister, Matteo Renzi, together with other European leaders, led a fresh charge against the ill-fated policy…
Brian Cox, Mary Beard, Mick Aston, Niall Ferguson are all (just about) household names. They each have academic success – and their own television programs (“Wonders of the Solar System”, “Meet the Romans…
The UK government’s senior adviser on science has made an entirely sensible call for researchers and policy makers to move the climate change debate towards workable strategies and solutions. The trouble…
When FIFA awarded the 2014 World Cup finals to Brazil seven years ago, it looked as if the tournament would be a coming out party for the country. Now, the picture is far more mixed. It has become fashionable…
Few economics books have caused quite the stir which accompanied the release of the English version of Thomas Piketty’s Capital in the Twenty First Century. And there can be few who are not familiar with…
Since the 1950s, with a few rare exceptions in the 1970s, the middle class – all over the world – has been getting worse off. Specifically, the middle class’ purchasing power, as with that of the working…
The Institute of Economic Affairs (IEA) is enjoying another moment in the sun. Australian politics is starting to move to the beat of its drum as Treasurer Joe Hockey talks about an “end to the age of…
There’s something to be said for the suggestion that politicians habitually cite academic papers they have never read and thus use them as convenient props for measures they would have implemented anyway…
When it comes to debating the rights and wrongs of public policies, economists have always held a privileged position. While citizens and less respected social scientists must strive to get their voices…
A couple of months ago my 13-year-old son came to me with a true story. One of his acquaintances had given him control of an Instagram profile with roughly 3,500 followers as a gift. A few days later…
What does the now sustained recovery in the UK and the still tentative signs of recovery in the eurozone tell us? According to some on the right, it says all is good in the world, austerity has been successful…
How much does climate change cost? What will be the impact on our wallets? The latest report from the Intergovernmental Panel on Climate Change’s (IPCC) Working Group II has concluded that global warming…
As usual the budget is as much about the theatre of the event as it is the economics of what is being announced. The chancellor, George Osborne, was able to make some dramatic pronouncements about pensions…
In times of financial uncertainty and crisis, high stress reactions lead to traders becoming more risk averse, which drives pessimism and further falls in finance, according to a new study. This is because…
The Bitcoin craze has hit Iceland, where an entrepreneur has set up his own cryptocurrency and announced plans to give every citizen a handful for free. Baldur Odinsson says he is setting up a new cryptocurrency…
The number of cosmetic surgery operations in the UK hit 50,000 a year for the first time in 2013. This is worrying given that the Keogh review into the industry following the PIP scandal, which saw thousands…
Charles Wyplosz, Graduate Institute – Institut de hautes études internationales et du développement (IHEID)
The news from France has not been good over the last few years. Poor economic growth, stubbornly high unemployment, plant closures on the rise, strikes (not new, really), voter disenfranchisement and the…
How happy do you feel today? How satisfied are you with your life? Do you think your life has any worth? These are the kind of questions increasingly put to survey respondents as academics and politicians…
Literature has mirrored the shifting economic climate over the past century, according to a study published today by researchers in Bristol and London. When times are tough financially, it seems, books…
Why do people migrate? At first glance it seems reasonable to assume that most people move hoping to find better conditions or opportunities elsewhere, such as jobs, higher wages, safety or freedom of…