“Christmas waves a magic wand over this world, and behold, everything is softer and more beautiful”. I can’t help but be seduced by Norman Peale’s quote. I love Christmas. I spend months collecting presents, planning ahead for the look of surprise and awe on the kid’s faces. I even look forward to consuming the lowly sprout. Continue reading “Neuroeconomics Soap: How the Christmas Grinch Stole My Equilibrium”
In yesterday’s online edition of BBC News, BBC Business Editor Simon Jack explains what an economic forecast is. The article expands on the heated debate on whether Brexit will make the UK poorer, so it is extremely important that the public is correctly informed about what economic forecasts are. Continue reading “Damned Lies, Statistics, and Economics Education: what are economic forecasts, really?”
I am an avid watcher of The Apprentice. The competitors are undoubtedly high powered and innovative at things beyond my understanding. That doesn’t explain my fascination. I am not a wilful celebrant of their journey towards a house purchase in Chelsea. Neither does it provide me with a constructive learning experience. Continue reading “The Apprentice: Has Lord Sugar read The Ragged Trousered Philanthropists?”
I’m at my local shop waiting to be served. There is a queue and I have two perfectly round pumpkins clutched under each of my arms. One pumpkin per child and I’m already regretting my choice. The discount supermarket next door has cheaper product.
For decades, economists have been known for their commitment to theories that treat ordinary consumers and workers as highly rational decision-makers. Until recently, the idea that psychological ideas and research methods could be useful in economics was not taken seriously.
Two and a half billion coffee cups are used and thrown away each year in the UK, but less than 1 in 400 – just 0.25% – are recycled. Due to the environmental issues, some MPs are calling for a “latte levy” of 25p per cup .
As a first-time expectant father, I will soon be taking statutory paid paternity leave to help out at home wherever I can, through those early tiring weeks after our baby is born. As an academic, I also have a relatively flexible job, and will be able to adjust my working pattern so that my wife can go back to work and continue her career after maternity leave. My research on Modern Fatherhood makes me realise how lucky I am to have access to such family friendly working. Many are not so lucky, and fathers in particular do not have the opportunity to re-balance their work and family life, should they want to.
The new year is a time of new beginnings. Perhaps at some point over the last few days, you’ve found yourself engaging in the traditional custom of the New Year’s Resolution. A common resolution is improving health and physical fitness; if you’re reading this, the odds are fairly good you’re hoping to be more active in 2018. Equally, the odds are fairly good that you may still be feeling the aftereffects of a bit too much merrymaking during the holiday season. Either way, that little voice in your head might be asking: “Won’t my time be slower than I’d like? Maybe I should start doing something on my own, and join a group activity later.”
If the government plans to give you the possibility to own the land that you have been farming for generations, would you go on the street in protest, facing the risk of detention? You may think this is a rhetorical question, but that is exactly what happened in Kazakhstan last year. Continue reading “Should I own or should I lease? An economist’s thoughts on land reform in Kazakhstan.”