Hurrah for a vaccine — but was lockdown actually worth it?

The development of the vaccines has changed many things. It has even influenced the opinion of the Prince of Lockdown himself, health secretary Matt Hancock. Life, he pronounced at the weekend, would be back to normal by the spring and the “blasted regulations” abolished. But one thing has remained constant: the government’s continued refusal to […]

It is science, not lockdowns, that will save the world

The various new vaccines announced over the past two weeks give real hope of a return to normal life. Of course, many practical questions remain. How will these vaccines be delivered? Do they stop the transmission or simply the symptoms of the virus? Exactly how effective will they be outside a controlled trial environment? But […]

The public are not to blame for the second lockdown

Justice secretary Robert Buckland last week blamed the public for England’s new lockdown. In particular, the fault was with people failing to self-isolate properly. Of course, in a purely technical sense Buckland is right. The virus spreads by contact with an infected person. If people do not self-isolate, Covid-19 will continue to percolate across the […]

Forget the polls endorsing lockdowns and look at how people actually behave

Economics is at long last storming the bastions of the Scientific Advisory Group for Emergencies (SAGE). This citadel of epidemiologists and health professionals has for many months resisted the lessons which the so-called gloomy science can bring. In the context of Covid-19, economics is in fact a beacon of hope. This week, news broke of […]

The government must take back control of the Covid narrative

The word “narrative” is usually seen as being a posh way of saying “story”. But the idea of narratives is one which is gaining traction in economics. Last year, for example, Nobel laureate Robert Shiller of Yale published a book entitled “Narrative Economics”.  He argued that it is the perception of events and the stories […]

And this week’s winner for the Stupid Scientist award is…

Scepticism about the advice given by government scientists about Covid-19 is rising sharply. In areas like Bolton infections are high. Interviews with the locals reveal that so, too, is disbelief in the veracity of the statements made by members of SAGE, the government science advisory group. The scientists, rational beings themselves, may ascribe this to […]

Incentives are a better way to tackle Covid-19 than blanket lockdowns

A great deal of government policy during the Covid crisis has involved regulation. Given a choice, economists usually prefer to use incentives. Altering the relative costs and benefits of an action is a well-established way to alter behaviour. Perhaps the government has been listening. A big stick will now be waved at people who fail […]

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