My Blog
Wall Street no smarter than Mr and Mrs Average
Lurid stories about the excesses in the UK housing market continue to proliferate. True, there is some evidence of a
Scottish Independence and Fairytale Land
Sir James Mirrlees is one of the mere handful of British recipients of the Nobel Prize in economics. As his
Employment is rising because labour is cheap
The latest employment figures confirm the buoyancy of the UK labour market. In the quarter April-June of this year, employment
The predictability of the Premier League
The Premier League kicks off again this weekend. Given the abysmal showing of our boys in the World Cup, a
Recessions are good for the nation’s health
Many readers at this time of the year will be looking forward to their summer break, perhaps contemplating with a
In Praise of Inequality in Science
Does inequality in the output of scientists matter? Inequality is a fashionable topic these days, and evidence for its existence
Economists are not impressed by Piketty’s views on inequality
The financial crisis has undoubtedly created a demand in popular culture for works which portray capitalism in a bad light,
Open Data: Britain leads the world
The UK economy is doing well. Even so, it is not often that we are placed unequivocally at the top
More ideas like HS3 are needed to solve our regional problems
In London and much of the South East, the recovery has been well under way for a considerable time. House
Herr Doktor Professor Sinn and Disciplining the Mediterranean Countries
The Polish banking and financial elite gathered last week at a conference in the Baltic seaside resort of Sopot. The
Is Wayne Rooney an expert in rational economic theory?
So, farewell then England! Yet another failure by our boys at the highest levels of the game. Despite their stupendous
“Ricardo, Ricardo, that wonderful guy”: innovation, job losses and living standards
Here is your starter for ten. What do the Uber app and David Ricardo have in common? Ricardo, I hear
Psychology, not hard line maths, tells us why Osborne’s strategy is working
So, International Monetary Fund, wrong again! At the end of last week, the IMF abandoned its criticism of the UK
Exciting times at the Office for National Statistics: the value of drugs and prostitution
The Office for National Statistics (ONS) has just increased the size of the British economy by nearly £10 billion, a
Obama allies lead the way on a positive approach to climate change
The fracking debate continues apace, with the announcement by the British Geological Survey that there are over 4 billion barrels
Two cheers for the global recovery, but doubts remain in the Euro zone
Worries are growing about some of the countries in the Euro zone slipping back into double dip recession. By convention,
Forget the hype. Capitalism has made the world a more equal place
Metropolitan liberals love to be able to criticise Western society. Recently, their lives have been brightened by the extensive discussion
A Different View of World Trade: Why National Accounts Can Be Exciting
Imagine that, for some reason, you were forced to choose between having to read a long, turgid novel like Westward Ho or Middlemarch,
New ideas are needed in economics, but not the tired old statist one
The annual Institute for New Economic Thinking (INET) conference was held in Toronto earlier this month. INET was created by
Supply-side growth, not inflation, is the cure to the debt overhang problem
In the year to March 2014, consumer prices in Sweden fell by 0.4 per cent. This has prompted the central