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Why underinvestment is holding back the UK economy
It is perhaps ionic that Faisal Islam should chose to illustrate a story about under-investment in the UK with Milton Keynes. The reality is that the UK's under-investment is as old as the 1960s city.
The UK's Infrastructure Woes
One of my former students insisted on including infrastructure in all of his macro (and many micro) exam essays. The reasoning was intuitive and persuasive, namely that better infrastructure can...
Is there a way out of the doom-loop of failed economics?
In the light of the uninspiring fare seeming being passed off as policy these days, Mariana Mazzucato's piece in the Guardian is a call-to-arms.
Development Economics - Have we reached Peak China?
This Amy Hawkins piece in the Guardian highlights two important aspects of China's recent development - the extent of poverty reduction, which represents a significant part of global poverty...
Government Intervention - Is it Time for a Meat Tax?
The Financial Times has published a new video on the arguments for and against a meat tax. Would a new tax help curb global meat production and consumption and help reach targets for...
Micro-policies to tackle unemployment
Macroeconomic outcomes have microeconomic foundations! This Guardian article looks at a localised scheme to tackle unemployment, which takes a highly personalised approach to trying to get some of...
Why is the Argentinian economy in such a mess?
An excellent Economist piece that looks at the state of the Argentinian economy, with an economy in pieces - crippled by hyperinflation - and as a result, an extreme candidate well-placed to win...
Competition Policy in Action! EU looks to curb the power of big tech firms
It looks like the EU is looking to curb the market power of big tech firms via its new Digital Markets Act, that is seeking to increase competition in the sector. One way of doing this is to give...
Why Globalisation needs a revamp
Robin Niblett looks at how globalization has altered in the past 15 years, with the global financial crisis and its aftermath reflecting the geopolitical realities of international trade.
Is an expanding BRICS a challenger to G7?
A short Newsnight video looking at the future for the BRICS group - and whether or not it is going to become a challenger to the G7.
China's Great Economic Slowdown
The Chinese economy was forecast to recover at pace in the aftermath of the pandemic: however, it hasn't. Troubles in the property sector, to the extent that property prices are falling in some...
Sustainable Cocoa Farming Yields Carbon Credits for Ghana
This World Bank clip highlights how the REDD+ programme is helping Ghanaian cocoa farmers operate in a more sustainable manner, and in doing so generating carbon credits that will ensure that they...
Philippines: What a Fish Farm Can Teach Us About Migration
This brilliant World Bank clip looks at the importance of outward migration for developing economies, such as the Philippines.
Improving our definition of economic recession
The technical definition of an economic recession is a fall in the level of real national output (GDP) over a period of two consecutive quarters (at least 6 months). But an economic recession might...
What is Bidenomics?
Bidenomics is a term used to describe the economic policies of President Joe Biden. Bidenomics is based on the principles of fiscal stimulus, infrastructure investment, and tax fairness. Bidenomics...
What are loss leaders? Are they ethical?
This short looks at some of the arguments surround loss-leading by businesses such as supermarkets. A loss-leader is a pricing strategy where a business sells a product below average cost hoping to...
This BBC clip looks at the adverse effects of nickel mining in Indonesia. Given the increased global demand for nickel, this implies that the associated negative externalities are going to be...
Why does the UK have the highest inflation in G7?
This excellent Newsnight video from Ben Chu looks at why British inflation exceeds those of any other G7 country, with core inflation still 6.8% and still rising. So what factors contribute to this...
Are we returning to the price controls of the 1970s?
Larry Elliott writing in the Guardian seeks to draw out both the similarities and the differences between the price controls of the Heath government in the 1970s, and the attempt by the Sunak...
Mariana Mazzucato, author of the Entrepreneurial State, writes in the Guardian about how Britain is failing to match the USA and the EU in its response to the Inflation Reduction Act.