Summer 2015 Oxbridge Economics Reading and Videos
In this blog I am curating a selection of articles recommended for Oxbridge economics - feel free to contact me with other suggestions and I will add them to the listing!
After the crash, can biologists fix economics?
Important article from the New Scientist - https://www.newscientist.com/article/mg22730310-30...
How to see into the future
Tim Harford's essay is the winner of the 2014/15 Rybczynski Prize - Billions of dollars are spent on experts who claim they can forecast what’s around the corner, in business, finance and economics. Most of them get it wrong. Now a ground-breaking report has unlocked the secret: it IS possible to predict the future – and a new breed of “superforecasters” know how to do it. Read the article here: http://timharford.com/2014/09/how-to-see-into-the-...
Tim Harford writes on the alchemist fallacy http://timharford.com/2015/07/its-tough-turning-id... and asks a pertinent question - should we wish that the innovator’s profit share was higher or lower?
The Economics team at Deloitte have looked at 140 years of data on the impact of new technologies on employment - and their results run counter to the conventional wisdom that technology destroys jobs. This is an important article http://www.theguardian.com/business/2015/aug/17/te...
Excellent presentation from Deutsche Bank economics on growth and development prospects for Ghana https://www.dbresearch.com/PROD/DBR_INTERNET_EN-PR...
Greece - The sacrificial lamb (Stiglitz) Stiglitz is deeply critical of the conditions imposed by the Troika for the latest emergency financial support offered to Greece - this is a piece written in late July 2015 in the New York Tomes http://www.nytimes.com/2015/07/26/opinion/greece-t...
So What Can We Do About Inequality?
Superb interview with Professor AB Atkinson an acknowledged expert for many decades on the economics of inequality - http://ineteconomics.org/ideas-papers/blog/so-what...
Will Hutton - ‘Quarterly capitalism’ is short-term, myopic, greedy and dysfunctional
Writing in the Guardian, Will Hutton attacks the short-termism prevalent in financial markets. Few companies grow to any significant size before they are taken over - http://www.theguardian.com/commentisfree/2015/jul/... Is he right?
Keynes - Why we work so much (Planet Money)
Economist John Maynard Keynes published an optimistic essay in 1930 called "Economic Possibilities for Our Grandchildren." Keynes thought that by now we might be working just 15 hours a week. Why has he been proved wrong? http://www.npr.org/sections/money/2015/07/24/42601...
Richard Thaler - Behavioural Economics
CEO Pay - Top CEOs Make 300 Times More than Typical Workers
This briefing from the Economic Policy Institute provides lots of data on the pay of US CEOs. Certainly worth thinking about from an Economics and Management perspective. To what extent is the chasm in pay and earning between senior executives and shop floor workers damaging to business productivity and profitability in the long run? http://www.epi.org/publication/top-ceos-make-300-t..
Chinese Stock Market Crash
A lengthy piece from BBC news on the background to the sharp fall in Chinese stock markets http://www.bbc.co.uk/news/business-33540763 More on Chinese share prices here from the Deloitte Monday Briefing http://blogs.deloitte.co.uk/mondaybriefing/2015/07...
Can urban farming / urban farming make a major contribution to long-term food supply issues? This is a revealing background piece http://www.nfib.com/article/bizhelp-vertical-farmi...
Avoiding the Natural Resource Curse
Professor Paul Collier (Oxford) has produced this research briefing on how developing countries can avoid the natural resource curse. Harnessing natural resources for inclusive growth http://www.theigc.org/wp-content/uploads/2015/03/I...
Cesar Hidalgo - Information and Economic Growth
Peter Singer on Effective Altruism
Co-director of the 2015 World Development Report, Varun Gauri
Is Economics Built On A "Monumental Mistake?
A debate between an economist and a biologist from the BigThink web site: http://bigthink.com/errors-we-live-by/self-organiz...
Good universities & bad economics?
In this article http://www.forbes.com/sites/stevekeen/2015/08/13/good-universities-and-bad-economics/ Professor Steve Keen from Kingston University argues for pluralist approach absent in many top ranked units
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