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The Latest Breaking News from Economics

Using austerity economics to crush UK inflation would be a cure worse than the disease

Caution needed rather than panic measures over short-term risks after credibility of government and Bank of England hit

The Guardian - UK

Best of frenemies: can George Osborne and Ed Balls’s blokey bantz erase austerity’s scars?

The former adversaries are launching an economics podcast. Somehow I doubt there will be a reckoning with the past

The Guardian - UK

Tourism spurs manufacturing uptick

Thailand's manufacturing production index (MPI) fell by 3.14% year-on-year to 94.8 points in May because of an export slowdown, although the reading improved from April thanks to the tourism recovery, says the Office of Industrial Economics (OIE).

Bangkok Post

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It's Wild That Home Economics Hasn't Been Cancelled Or Renewed Yet, But There's A New Wrinkle

There's a development on the Home Economics front, although not a cancellation or renewal... still.

Cinemablend

Would technology-enabled communism work?

Friedrich von Hayek is best known for his influential 1944 polemic The Road to Serfdom. But his most celebrated work in economics is "The Use of Knowledge in Society", a rather short article on how society uses and acquires dispersed information about economic fundamentals such as preferences, priorities, and productivity.

Bangkok Post

Adam Smith 300 years later

This year marks the 300th anniversary of the birth of Adam Smith, the founding father of modern economics. It comes at a time when the global economy faces several daunting challenges.

Bangkok Post

‘Frenemies’ George Osborne and Ed Balls to launch weekly politics podcast

The former rivals are now ‘firm friends’ hoping to ‘bring economics back to life and on the agenda’

Evening Standard

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Young Thai chefs shake up Bangkok's food scene

Thitid Tassanakajohn has a degree in economics from Thailand's top university but turned his back on a stable career in finance to launch a high-end restaurant in Bangkok -- a city famed for its street food.

Bangkok Post

Bidenomics: Tax Cuts For Wealthy And Corporations Don’t Benefit Middle Class, Says US President

Biden stresses on need to move away from top-down approach of trickle-down economics and focus on empowering American workers.

Zenger

‘We’re frenemies’: George Osborne and Ed Balls to launch economics podcast

Former chancellor and ex-shadow chancellor will discuss and analyse the state of the British economy

The Guardian - UK

Why are Taylor Swift tickets so hard to get? The economics are complicated

Desire, anticipation, frustration and disappointment – any time tickets for a Taylor Swift tour go on sale there is Bad Blood.

The Conversation

Scotland urgently needs a wellbeing economy. Here's why now's the time for one

The Wellbeing Economic Approach is one of the most topical policy issues in the world. Nowhere more so than in Scotland where wellbeing has risen up…

The National (Scotland)

‘Young people are grateful for what we have in Scotland’

‘YOUNG Scots for Independence has always been a well-oiled campaign machine,” says Erin Mwembo, YSI convenor and a third-year economics student…

The National (Scotland)

Homemakers entitled to equal share in properties purchased by their spouses, says Madras High Court

Justice Krishnan Ramasamy held that a homemaker would be entitled to an equal share in properties purchased by her husband with his earnings, because he could not have earned the money without the support of his wife in looking after the family.

The Hindu

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Fortune

Office owners have an ‘arduous’ road ahead, Capital Economics says, forecasting that office values are unlikely to recover by 2040

The research firm’s top property economist likens the decline in office demand to what malls have experienced over the last six years—and sees a similar outcome.

The Times of India

Don’t see why car crash victim should be made victim again; permit him to take exam: Bombay HC to city college

MUMBAI: Calling for some "empathy and compassion", Bombay high court on Thursday directed SVKM’s Narsee Monjee College of Commerce and Economics to allow, by July 12, a student involved in a grave life-threatening car crash on the Bandra Worli sea-link on October 5 last year and hospitalised for long, to…

The Hindu

Economics clubs set up in higher secondary schools in Kozhikode

The District Economics Teachers’ Association (DETA), a collective of economics teachers, is setting up economics clubs titled Econspire (Economics to inspire) in higher secondary schools in Kozhikode district.

The National (Scotland)

Gordon MacIntyre-Kemp: 'Trying to debunk the independence case made me Yes'

A FORMER right half for Northumberland's under-21 hockey team whose interest in Scottish independence was piqued because he wanted to debunk the…

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The Conversation

We're ignoring the value of water – and that means we're devaluing it

Daniel Kahneman, an Israeli-American psychologist who was recognised with the Nobel Prize in Economics in 2002, gave an interview more than a decade ago in which he stated: “We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering…

WEKU

How many miles do you have to travel to get abortion care? One professor maps it

An economics professor at Middlebury College and her undergrad research assistants have been tracking access to abortion care since 2009. These maps show the dramatic changes in the past decade.

Reason

Adam Smith at 300: The Gospel of Mutual Service

A 1926 lecture captures timeless truths about the Scottish thinker.

The Conversation

Ashes rivalry is as alive as ever. But when it comes to the economics of cricket, India is in the box seat

The first test of the 2023 Ashes is well underway at Edgbaston in Birmingham, featuring England’s aggressive “Bazball” style of play (named after New Zealand-born coach Brendan “Baz” McCullum) and a surprise early declaration by the hosts at the end of the first day. This invited an Australian fightback inspired…

Los Angeles Times

Daniel Ellsberg, former defense analyst who released top-secret Pentagon Papers, dies at 92

Daniel Ellsberg, the defense analyst whose unauthorized release of the top-secret Pentagon Papers triggered court battles over freedom of the press and led to calamity for the presidency of Richard M. Nixon, has died.

The Hindu

Former RBI Governor Raghuram Rajan’s paper lacks understanding of economics, says Minister Rajeev Chandrasekhar

RBI Governor Raghuram Rajan was met with a furious response from Minister Union Minister Rajeev Chandrasekhar when the former scrutinised the Union Government’s Production-Linked Incentive (PLI) scheme for mobile phone manufacturing on LinkedIn.

The Guardian - UK

The west has broken its promises to developing countries – and we’re all paying the price

A summit in Paris this month offers a way to tackle this disastrous failure, but only if western leaders bother to turn up, says the Guardian’s economics editor, Larry Elliott

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