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The Latest Breaking News from Economics

World economy is headed for a recession in 2023, researcher says

The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Center for Economics and Business Research.

Tribune News Service

Are nudges sinister psychological tricks? Or are they useless? Actually they are neither

Nudging – the idea that simple changes to how a choice is presented can lead people to make better decisions – has been one of the most popular ideas to emerge from economics in the past two decades.

The Conversation

How Monopoly informs academia and economics, even when it's not obvious

At the top hat’s turn to roll, the dice land on ‘Chance’ and it’s a one-way ticket to Mayfair. Aged just ten years old, I won my first game of Monopoly, but I strangely didn’t feel a sense of joy. I was rich, very rich indeed. But I was the…

The Conversation

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It's time to quit capitalism's obsession with growth. Focus on 'degrowth' instead, argues a growing movement in economics

“It seems that humanity is thriving and committing suicide at the same time,” noted author Ugo Bardi.

Fortune

Four in 10 families ‘unable to afford decent living standard’ by next election

Some 30.6 million people will not be able to afford essentials by December 2024, according to New Economics Foundation (NEF) estimates.

The Independent UK

EU's Gentiloni says Italy on track to meet reform timetable

Italy is sticking to the reform timetable required to access almost 200 billion euros ($210.6 billion) of European Union funding, European Economics Commissioner Paolo Gentiloni said on Sunday.

Reuters

Three-day Scottish economics festival will challenge Westminster jargon

GLOBAL economists and comedians will be heading to Dundee next year to discuss Scotland's place in a globalised economy at the first economic…

The National (Scotland)

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PPRP bigwigs test Mingkwan

Mingkwan Sangsuwan, the former leader of the New Economics Party (NEP) who joined the ruling Palang Pracharath Party (PPRP) on Tuesday, faces a challenge from key figures within the party over its choice of prime ministerial candidates.

Bangkok Post

Mingkwan tipped to be PPRP's prime minister pick

Mingkwan Sangsuwan, former leader of the New Economics Party (NEP), who officially joined the ruling Palang Pracharath Party (PPRP) on Tuesday, is expected to be named one of its prime ministerial candidates.

Bangkok Post

Package of bold bus and coach policies urgently needed to meet net zero

The WPI Economics report shows just how many benefits there could be by encouraging the use of public transport.

Wales Online

Champions Cup’s success story eroded by model of free-market economics

Something feels out of joint with the European competition after introduction of South African teams and the unwieldy format

The Guardian - UK

Iran stops buying Indian tea, basmati rice: Report

NEW DELHI: Iran, the biggest buyer of Indian basmati rice, has stopped purchasing the same, the Economics Times reported.

The Times of India

Mingkwan set for unveiling at PPRP

The former leader of the New Economics Party (NEP) Mingkwan Sangsuwan will join the Palang Pracharath Party (PPRP), where he is tipped to lead the party's economic team, said a source within the party.

Bangkok Post

Global goods trade forecast to shrink in 2023

The global goods trade will shrink next year in a downturn reminiscent of previous recessions, Oxford Economics said, in a worrying forecast for Asia’s export-dependent economies and beyond.

Bangkok Post

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Birmingham Post

Study calls for more North East investment in women's professional sport

The report from Irwin Mitchell and the Centre for Economics and Business Research champions the potential for the sports economy

Chicago Sun-Times

Ex-Obama adviser Goolsbee to lead Chicago Fed

Austan Goolsbee, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television appearances, will succeed Charles Evans.

Reason

Brickbat: Tiger By the Tail

A federal jury in Alabama has awarded Auburn University professor Michael Stern $645,837 in damages after finding Stern's former dean violated his First Amendment rights by punishing him for criticizing the high number of athletes in the school's public administration program in 2014. Stern was removed as chair of the…

Fortune

Finance employees see the future of work as hybrid, a study finds

A study by Women in Banking and Finance and the London School of Economics focuses on finance professionals in the U.K.

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Reason

Hayek Was a True Liberal

A new biography tells the story of the economist’s early life and career.

Fortune

How Janet Yellen found her match in economics and life with husband George Akerlof

The treasury secretary's partnership with her husband has hugely influenced her rise to the most powerful woman in U.S. economic policymaking history.

The Independent UK

Rishi Sunak – live: Brexiteer Owen Paterson takes government to EU human rights court

MP claims lobbying investigation damaged his reputation unfairly

St. Louis Post-Dispatch

Editorial: GOP economics still reveres the disproven 'Laffer curve.' Why can't they learn?

Arthur Laffer, the Reagan-era guru of trickle-down economics, was unchastened by the deficit explosion back then, which effectively disproved his theory that cutting taxes on the rich would increase government tax revenue. According to a recent Washington Post writeup, Laffer continues to be unchastened now, even as Britain reels from…

Reuters

China COVID cases rise, hard-hit Beijing tightens entry rules

China's capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic, shutting businesses and schools in hard-hit districts and tightening rules for entering the city as infections ticked higher in Beijing and nationally.

Reason

Verdict Against Auburn University in Economics Professor's First Amendment Retaliation Lawsuit

In Stern v. Roberts, a jury just held that Auburn University had retaliated against Prof. Michael Stern, a tenured economics professor, based on his speech; the jury awarded $145K in compensatory damages and $500K in punitive damages. Here are the factual allegations from the earlier opinion denying summary judgment: In…

France 24

Qatar's goals: Using the World Cup to diversify the economy

This week, we're focusing on Qatar and asking what the economic impact of hosting the FIFA World Cup could be. Can this be a transformative event for the gas-dependent country? Or will it be a financial abyss worth an estimated $200 billion? We ask Alexis Antoniades, an economics professor at…

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