Method in Trump’s madness? What economic theory teaches us about tariffs
Trump’s tariffs have sent the world into a frenzy but there could be method yet. Economic theory shows that tariffs can in some cases reduce
Trump’s tariffs have sent the world into a frenzy but there could be method yet. Economic theory shows that tariffs can in some cases reduce
Reeves’ fearmongering has scared Brits into saving. The consequences will be more frightening than Reeves’ ‘black hole’, writes Paul Ormerod A very bad piece of
By strengthening the OBR, Reeves has created severe difficulties for herself. Vital decisions about our economic future should be made by politicians, not unelected quangocrats,
The Treasury has pledged an extra £2bn for UK exporters to secure overseas defence orders. The Germans are funding increased defence spending through debt so
The financial crisis and the pandemic have shown how Western Europe deals with crises. And it’s not pretty, writes Paul Ormerod Karl Marx certainly had
Levelling up has all but disappeared from the government’s agenda. That’s a big mistake for growth, writes Paul Ormerod Later this month Chancellor Rachel Reeves
Western nations have been free riders on American defence spending for decades. We shouldn’t be surprised Trump is now calling us to account, writes Paul
Ed Miliband’s green vision is admirable, but the history of energy consumption shows it is all but a fantasy, writes Paul Ormerod The energy secretary,
AI will inevitably make some jobs redundant, but the benefits to society are far worth it, writes Paul Ormerod The world of AI has gone
Rules are important to any civilised society, but Starmer has forgotten that humans respond far better to incentives, writes Paul Ormerod. As the Prime Minister,
Copyright Paul Ormerod 2021