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The Latest Breaking News from Economics

From Oppenheimer to Milton Friedman: how the Cold War battle of economic ideas shaped our world

Is Oppenheimer a movie for our time, reminding us of the tensions, dangers and conflicts of the old Cold War while a new one threatens to break out?

The Conversation

Can the UK Government really afford to NOT pay the Wellbeing Pension?

So far in this series of articles on the Wellbeing Economics Approach, we have discussed how the current economic system has negative societal…

The National (Scotland)

San Francisco's office sector is at the epicenter of the crash—this research firm predicts values there will fall at least 40% by 2025

Capital Economics forecasts that San Francisco office values will drop 40%, at the very least, in the next couple of years.

Fortune

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Prohibition Gave Us Tranq-Laced Fentanyl

Mixing other drugs with xylazine is driven by the economics of prohibition.

Reason

6 reasons Australians don't trust economists, and how we could do better

Economics is about organising markets in ways that contribute to social welfare, which means anyone interested in anything from inequality to housing affordability, to health and education systems, or climate change to gender gaps ought to be interested in it.

The Conversation

Note to Keir Starmer: delaying investment in childcare would be bad economics – and bad politics

Failure to support women affects productivity. Neglect of female voters could also cost Labour crucial votes, says Ignacia Pinto of the Women’s Budget Group thinktank

The Guardian - UK

Tesla’s rivals are launching more and more EV competitors. The problem? Most just aren’t very good

Japan’s Mazda is pulling its only EV from the U.S. market in favor of combustion engine hybrids, highlighting the huge lead Elon Musk enjoys amid the difficult economics of electric vehicles.

Fortune

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Crisis Pregnancy Centers File Free Speech Suits Over Illinois and Vermont Laws

Plus: California tries to stop professors from testifying in suit over COVID education policies, state Republicans aren't all abandoning free market economics, and more...

Reason

Steelers GM Omar Khan talks economics of the NFL running back

Huge quarterback salaries in the NFL impacts a team's entire roster.

USA Today Sports Media Group

Farage blames ‘woke capitalism’ for his row with Coutts, but banks aren’t woke. Their obsession is profits

Like many corporations, they make virtuous statements, but for the most part they hide behind a cloak of ethical humbug, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

Persuading businesses and people to reduce climate emissions is key to slowing climate change – research-based techniques and new approaches from the behavioral sciences can show how to do it

The Intergovernmental Panel on Climate Change in 2022 emphasized that changes to lifestyles and behavior have the potential for large reductions in global greenhouse gas emissions. These changes – from using more mass transit to ensuring homes and offices are made more energy-efficient – have the potential to help reduce…

The Conversation

Data watchdog to investigate complaint after NatWest boss discussed Nigel Farage details – as it happened

Live coverage of business, economics and financial markets as bank ousts chief executive Alison Rose following government intervention

The Guardian - UK

Behavioural ‘experts’ quietly shaped robodebt's most devilish details – and their work in government continues

One of the things still worrying me about robodebt was the attention to detail.

The Conversation

Economics website is filled with racist and sexist speech, some blame top universities in cities like Chicago, Boston

New research indicates that users of the website Economics Job Market Rumors include individuals at top-tier colleges and universities, including Harvard, Stanford and the University of Chicago, and many others.

Chicago Sun-Times

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The Independent UK

Autocratic Cambodian leader paving way for son, a West Point graduate with PhD in economics, to rule

Cambodia's Hun Sen has been his country's autocratic prime minister for nearly four decades, during which the opposition has been stifled and the country has moved closer to China

The Independent UK

Hate speech posted on economics website is traced to leading universities, research finds

Anonymous comments with racist, sexist and abusive messages that were posted for years on an an obscure, anonymous jobs-related website for economists originated from numerous leading U.S. universities, according to research released Thursday

Newsroom.co.nz

Hauraki Gulf's cultural and environmental value takes worth to $5b a year to NZ

Globally, humanity needs a revolution in economics so we can live responsibly with nature. A report on the Hauraki Gulf shows how we can start to learn and apply those principles here.

Reason

New Federal Merger Guidelines Hint: Maybe Just Don't Merge Anything at All

Plus: Authors demand compensation from A.I. systems, IRS whistleblowers speak out about Hunter Biden investigation, and more...

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The Independent UK

‘Twisted economics’ mean flights in Europe up to 30 times cheaper than rail travel, says Greenpeace report

Swapping planes for trains could save more than 450,000 tones of harmful emissions

The Hindu

Western countries are making sensible bet on India, ‘a rising great power’, says Martin Wolf

India is indeed likely to be a rising “great power” and its economy will have the size similar to that of the U.S. by 2050, according to noted economics commentator Martin Wolf who has also highlighted that Western leaders are making a sensible bet on the country.

The Guardian - AU

Good economics or a boondoggle? Too often it’s one rule for sport and another for everything else

We routinely ignore the cost of events such as the Commonwealth Games or Formula One because of mythical benefits while fixating on the price tag of good social policy

The Independent UK

Keir Starmer hits back at Labour critics of child benefit U-turn

‘Talk of no money left is the economics of the kindergarten’ says economist

The Week

Bidenomics: changing the way America does business

“President Biden might not seem like a revolutionary,” said E.J. Dionne Jr in The Washington Post, but he’s presiding over “a fundamental change” in America’s approach to economics.

The Guardian - UK

Alan Evans obituary

Other lives: Professor of environmental economics whose work highlighted the problems of unaffordable housing

Fortune

The ‘money doctor’ says forget the ‘propaganda’—inflation is ‘history’

Johns Hopkins University economics professor Steve Hanke told CNBC Thursday that, with the money supply contracting, the inflation era is over.

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