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The Latest Breaking News from Economics

From Piketty’s Capital to Hawking’s The Theory of Everything: can one book explain it all?

Millennia-spanning takes on history, evolution and economics are booming. But who buys these ‘grand theory’ books? And do they actually read them?

The Guardian - UK

Why an accountant, a scientist and a business consultant enrolled at art school

From corporate to creative, three students reveal why they took a ‘leap of faith’ and left their jobs to pursue their artistic passions in photography, illustration and animation

The Guardian - UK

US economy grew faster than expected as businesses ramped up investment – as it happened

Rolling coverage of business as US revises up GDP growth in third quarter to fastest pace since 2021

The Guardian - UK

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Lloyds of London archives show how important the City was to transatlantic slavery

In 1783, the City of London was gripped by a court case which symbolised the brutal economics of slavery. Two years previously, the Liverpool slave ship Zong had set out from Accra, in present-day Ghana, with 442 men, women and children crammed in its hold.

The Conversation

A return to the Single Market might seem unlikely, but economics will eventually trump politics

City Comment: Reality is knocking the rough edges off of Brexit

Evening Standard

Reproductive Rights: Latinas Disproportionately Impacted by Overturning of Roe v. Wade

A study by the Institute of Labor Economics showed that the impact of the Court's decision was "especially large for Hispanic women"

Latin Times

USC Professor Put on Remote Teaching After Saying Hamas Should Be Killed

The Foundation for Individual Rights and Expression (FIRE) (Jessie Appleby) wrote about this last week (as did the Academic Freedom Alliance): The University of Southern California has barred economics professor John Strauss from teaching on campus for the rest of the semester in response to anti-Hamas remarks he made to…

Reason

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Politics with Michelle Grattan: Greens Barbara Pocock on the quest for greater transparency

Greens Senator Barbara Pocock – who has a background in economics and industrial relations and formerly worked at the Reserve Bank, in the federal public service and as an academic – has been in parliament only since the 2022 election, But she has already made a mark.

The Conversation

OpenAI Basically Unionizes

Plus: Getting babies out of Gaza, lobster roll economics, gerontocracy update, and more...

Reason

Antony Gormley: 'Politics and economics have failed us – that's why art is so important'

The artist talks about his new show, his most political work yet, and why art shouldn't have a price tag

Evening Standard

Citadel CEO Ken Griffin bashes Bidenomics as debt-reliant, inflationary policies: ‘The American public knows things aren’t working in this economy for them’

“Whoever told him to run on Bidenomics has no idea how to read an economics textbook,” the Wall Street titan said.

Fortune

The Nobel in economics as a need to course correct

What is ahead for economists and economics is to contextualise economic theory to make it truly reflective of reality

The Hindu

Most of Newcastle and Lake Macquarie 'unaffordable' for renters

Only one suburb came in as affordable.

Newcastle Herald

Mike Johnson's "biblical” economics

Author Katherine Stewart on how Mike Johnson ended up with so much power

Salon

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AVNetwork

How LED Screens Elevate the Learning Experience at a School of Economics

Alfalite screens take The Norwegian School of Economics to the next level.

The Conversation

Is capitalism dead? Yanis Varoufakis thinks it is – and he knows who killed it

Yanis Varoufakis grew up during the Greek dictatorship of 1967-1974. He later became an economics professor and was briefly Greek finance minister in 2015.

The Independent UK

Only 1% of firms align spending with decarbonisation goals, research shows

The Transition Pathway Initiative Centre at the London School of Economics accessed the transition plans of more than 1,000 companies.

The Guardian - UK

The futility of ‘destroying Hamas’

Israel’s offensive in Gaza will only fuel Palestinian hatred and despair. The way forward is through moderation

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The Independent UK

Tory big beast Ken Clarke praises Rachel Reeves’s ‘responsible’ economics in coup for Labour

The former Conservative chancellor said he had been impressed by the shadow chancellor

The Guardian - UK

Trust us with AI, say the big tech titans. That’s what the banks said before the 2008 crisis

Politicians at Rishi Sunak’s AI safety summit must understand that proper regulation is the key to avoiding disaster, says the Guardian’s economics editor Larry Elliott

The Guardian - UK

The Women Who Made Modern Economics by Rachel Reeves review – why values matter

With these clear, crisp portraits of the economists who shaped her worldview, the shadow chancellor has set out a powerful statement of who she is and what she wants to achieve

Fortune

The cold hard reality of economics has sparked a nationwide shortage in life-saving cancer drugs

The supply of three key generic chemotherapy drugs fell by nearly half in the space of one year, sparking one of the most acute shortages healthcare providers have seen.

Evening Standard

OPINION - The Women Who Made Modern Economics review: Rachel Reeves makes a strong point, if only it weren't so dull

She's bidding to be the next Chancellor, so what can we learn from this book?

Fortune

U.S. consumers are ‘walking towards a cliff’ and the jobs market is beginning to ‘fray at the edges,’ warns market strategist

Chris Watling, founder and CEO of Longview Economics, believes the U.S. economy is headed for “tough times.”

Fortune

The mortgage rate shock hitting the housing market has years left to run, Capital Economics says

In fact, we may never see pandemic-era mortgage rates again, other experts say.

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