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The Latest Breaking News from Economics

Why is trickle-down economics still with us?

This gonzo economic theory continues to live on, notwithstanding its repeated failures

The Guardian - US

Cannabis corporates should be taxed to fund mental health programmes

Mental health is the state of mental well-being that contributes to individual and population health. This state of mental well-being sustains national output and labour force productivity. But governments around the world haven’t been investing resources into addressing mental ill-health. This is despite acknowledging that economics and mental health are…

The Conversation

'The Federal Reserve is doing a bad job': Economist Steve Hanke

Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year. "The Fed is doing a bad job because they don't…

France 24

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This economic chaos is a form of class war on the British public

Trussonomics is the sharp end. But other, structural factors are also driving a systemic assault on working people, says economics professor Daniela Gabor

The Guardian - UK

Three ways to make the most of college and university – surprising insights from economics

Choosing a college or university course is one of the most important decisions you will ever make. What you study and where you study it will shape your career, your friends and peers and, quite possibly, the rest of your life.

The Conversation

Michael Hiltzik: How did America get addicted to a policy that fails everyone but the rich?

Here's the central riddle of U.S. politics since the Great Depression:

Los Angeles Times

Free-market zealots are holding Britain hostage

Letters: The Tory party’s reliance on trickle-down economics will leave society poorer, says Richard Tudway of the Centre for International Economics. Plus letters from Malcolm Stanton, David Plumpton and Joan Friend

The Guardian - UK

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Orthodox thinking won't cut it: why Mathias Cormann's leadership of the OECD has economists worried

In June 2007, Jean-Philippe Cotis, the chief economist of the Organisation for Economic Cooperation and Development, declared that 2008 was going to be a great year.

The Conversation

Paul Bongiorno: Time overdue for a conversation about our welfare state

The penny is dropping even in the citadels of western capitalism that trickle-down economics is no longer fit for purpose – if it ever was.

The New Daily

Nobel prizes most often go to researchers who defy specialization – winners are creative thinkers who synthesize innovations from varied fields and even hobbies

Experts often recommend that people specialize in one field of work or research to maximize their chances of success. Yet our recently published research indicates that successful innovators take a broader path.

The Conversation

'I was very clear': Truss adviser insists he DID warn her about mini-budget risks

LIZ Truss’s own external economics adviser has insisted he warned her and the Chancellor about the risks of their mini-budget after Kwasi Kwarteng…

The National (Scotland)

Kenya’s new finance minister has good credentials but he can't work miracles

President William Ruto has nominated Njuguna Ndung'u to head Kenya’s National Treasury. A Central Bank of Kenya governor for eight years between 2007 and 2015, Ndung'u is also an accomplished researcher and a University of Nairobi academic. He has extensive expertise in macroeconomics (inflation, economic growth, national income and unemployment)…

The Conversation

Nobel Prize Season Arrives amid War, Nuclear Fears, Hunger

This year's Nobel Prize season approaches as Russia's invasion of Ukraine has shattered decades of almost uninterrupted peace in Europe and raised the risks of a nuclear disaster. The secretive Nobel committees never hint who will win the prizes in medicine, physics, chemistry, literature, economics or peace. It's anyone's guess…

Asharq Al-Awsat

Reform the economics and governance of water

The floods, droughts, heatwaves, and fires that are devastating many parts of the world underscore two fundamental facts. First, damage to freshwater supplies is increasingly straining human societies, especially the poor, with far-reaching implications for economic, social, and political stability. Second, the combined impact of today's extreme conditions is unprecedented…

Bangkok Post

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The New Daily

Michael Pascoe: RIP trickle-down economics – even the financial markets have given up

Trickle-down economics: The cry of “you can’t tax your way to prosperity” is joined by “you can’t tax cut your way to prosperity either”.

The Hindu

Tamil Nadu should aim for public debt-GDP level of 18.36%: Study

Debt sustainability is possible only if fiscal deficit is brought down to 2%, says a Madras School of Economics paper

The Times of India

Review: 'Kautilyanomics: For Modern Times' by Sriram Balasubramanian

'Kautilyanomics: For Modern Times' is a book written by Sriram Balasubramanian, an accomplished economist and author. The book can be best described as the future of history. It brings together the modern context of Indian economics and seeks to apply the lens of what was already known in Kautilyan times…

The Independent UK

Keir Starmer calls trickle-down economics a ‘piss take’ as he slams Tory tax cuts

Labour has announced plans to end dependence on fossil fuels by 2030

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The Guardian - UK

Forget trickle down, what the UK needs is middle-out economics

Liz Truss is banking on a failed policy. The focus should be on the real driving force behind economic growth

The Guardian - UK

Rishi Sunak said it was fairytale economics. That was one thing he got right

The markets have no faith in the mini-budget and the British people will soon feel its effects

The Independent UK

Starmer: Let’s set out alternative to Tories’ casino economics at conference

The Labour leader arrived in Liverpool on Saturday ahead of his party’s annual gathering.

The Independent UK

Tory MPs hit out after Treasury minister describes criticism of tax cut as ‘politics of envy’

Mr Kwarteng was accused of betting on trickle-down economics

Wales Online

Government says tax cuts flack is 'politics of envy'

Labour accused PM Liz Truss and Chancellor Kwasi Kwarteng of dabbling in 'casino economics'

The Guardian - UK

Tories gambling with the finances of British people, says Starmer

Labour leader attacks ‘casino economics’ in wake of £45bn package of tax cuts announced by chancellor

Reason

Are We Past 'Peak Petrostate'?

It's the economics of energy production that make petrostates more trigger-happy, Emma Ashford argues in Oil, the State, and War.

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