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The Latest Breaking News from Economics

A Hopeful Way Out of Our Dismal Economics

Author Nick Romeo lays out a plan for an economy that puts workers and the planet above profits.

Capital & Main

UK economy could get £149bn boost by appointing 'Better Business Tsar', report claims

The report was backed by bosses of Virgin, Greggs and the London School of Economics

Evening Standard

The unexpected message from the US for Keir Starmer: it’s not just the economy, stupid

If dollars in pockets translated directly into votes, Joe Biden would be ahead in the polls by now, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

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Bank of England Faces Pressure to Adjust Interest Rates as Inflation Forecasts Take a Surprise Turn

Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.

International Business Times UK

Falling mortgage rates don’t mean falling home prices, Capital Economics says, revising its forecast up for the year

The research firm’s property economist, Thomas Ryan, called its house price forecast “well above the consensus,” in a new research note.

Fortune

Latinos Face a Disproportionately Higher Risk of Flooding in the U.S.; Here's Why

A study by Hispanic Access Foundation and Headwaters Economics analyzed the reasons for this and proposed a set of resilience strategies

Latin Times

Bank of England Contemplates Earlier Interest Rate Cut Amidst Forecasts of Decreasing Inflation

Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.

International Business Times UK

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Pronab Mohanty to head Cyber Economics and Narcotics Crime Division of CID

Pronab Mohanty, Additional Director-General of Police, Police Computer Wing, has been given the concurrent charge of the newly created post of ADGP Cyber Economics and Narcotics.

The Hindu

Labour will be taking a risk sticking by its £28bn green energy plan. It should do it anyway

True, the Tories will accuse Starmer of being spendthrift, but it’s better for the party to fight an election on its own terms, says Guardian economics editor Larry Elliott

The Guardian - UK

Mothers are more likely to work worse jobs – while fathers thrive in careers

Having a child is bad for a woman’s earnings. This is not only in the immediate period after the birth, but across her lifetime – as shown in research by recent economics Nobel prize-winner Claudia Goldin.

The Conversation

‘We can’t pretend the ecological crisis is separate’: the economist thinking differently about climate breakdown

James Meadway, once a Labour adviser and now a podcast host, says the separation between climate and economy has to end

The Guardian - UK

Campa becomes official sponsor of BCCI cricket series in India: Reports

NEW DELHI: Reliance Consumer Products-owned soft drink brand Campa has secured a multi-year deal with the Board of Control for Cricket in India (BCCI) to become one of the official central sponsors for all cricket series played in the country, starting this year, according to a report by The Economics…

The Times of India

The Alternative by Nick Romeo review – moral substitutes for the free market model

A survey of the global alternatives to the current economic system makes for an enlightening, inspiring read, but you’re left wondering why such initiatives have failed to take hold

The Guardian - UK

Stocks are suffering from a New Year’s ‘hangover’ for 3 reasons, Capital Economics says

After a bullish 2023 and a big holiday season, the market is shaking off a few jitters in early January. A bit too much exuberance?

Fortune

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The Conversation

Why have authoritarianism and libertarianism merged? A political psychologist on 'the vulnerability of the modern self'

Logically, authoritarianism and libertarianism are contradictory. Supporters of authoritarian leaders share a state of mind in which they take direction from an idealised figurehead and closely identify with the group which that leader represents. To be libertarian is to see the freedom of the individual as the supreme principle of…

The Hindu

Book on Gandhian economics by Sri Venkateswara University professor released at Bhubaneshwar

Book "Gandhian Perspectives on Economics and Ethics" released at Indian Philosophical Congress, exploring Indian & Western influences on Gandhian economic thought & comparing it to classical & modern scholars.

The Guardian - UK

Labour should make UK leader in wellbeing-informed policy, says peer

Call by economics of happiness expert Richard Layard comes as research agency set up under David Cameron is to be axed in Whitehall cuts

The Hindu

Jaishankar says relationship between India and Russia much deeper

India-Russia relationship is much deeper than politics, diplomacy & economics; discussed ways to deepen cooperation with Indologists at St. Petersburg State University.

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The Hindu

A new economics for inclusive growth

Targets of trillions of dollars of GDP will not be achieved if economic growth does not become inclusive and sustainable

The Hindu

ISAE Fellow 2023 title conferred on P. Indira Devi

Dr. Indira Devi is conferred with the title of ISAE Fellow 2023 in recognition of her outstanding achievements in the realm of agricultural economics and rural development.

Dynamite News

Research reveals how technology, economics can help save endangered species

The world has evolved dramatically in the 50 years since the Endangered Species Act (ESA) was passed in December 1973. Two Ohio State University academics were among a group of experts invited by the journal Science to explore how the ESA has evolved and what its future may hold. Read…

The Guardian - UK

Labour should focus on fairness, not iron fiscal responsibility

Trickledown economics won’t work when pay inequality is way too high and public services are at increasing risk of collapse

Reason

Jennifer Burns: Why Milton Friedman Matters More Than Ever

The biographer of the Nobel laureate says he made us "free to choose" in areas far beyond economics.

Fortune

‘Parroting Putin’s propaganda’: The business exodus over Ukraine was no Russian bonanza

'When businesses pull out of Russia, Putin loses, no ifs, ands, or buts.'

The Guardian - UK

It’s easy to condemn ‘eat out to help out’, but Sunak’s motivations were justified

The then chancellor was worried about the impact of lockdown on the economy and society. And who can say he was wrong? says the Guardian’s economics editor, Larry Elliott

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