No wonder free trade is under threat: we’re just rediscovering its losers

It had been an article of faith among economists and policy-makers that free trade is a Good Thing. Trade liberalisation¬†was a key feature of the world economic order enforced by the United States after the Second World War.¬†For decades, the trend of removing trade barriers led to world trade growing around twice as rapidly as […]

Why the same flaws afflict economic data as political opinion polls

Who will win the US presidency? Opinion polls have got a bad name in Britain, at least. During the 2010 general election campaign, many suggested that Gordon Brown could still continue in power in a minority government or coalition. The polling record in the 2015 campaign was even worse. Most polls showed the two main […]