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The Latest Breaking News from Economics

Adam Smith at 300: The Gospel of Mutual Service

A 1926 lecture captures timeless truths about the Scottish thinker.

Reason

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…

The Conversation

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.

Los Angeles Times

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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 Hindu

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

The Guardian - UK

NTPC can acquire stranded thermal power plants rather investing in new projects, says IEEFA

According to the Institute for Energy Economics and Financial Analysis (IEEFA), acquiring and reviving stranded thermal power plants is a better option for all stakeholders, including NTPC. Must read further on Dynamite News:

Dynamite News

The Guardian view on Rishi Sunak’s economics: recession is an acceptable price to pay

Editorial: Growing the economy by shrinking it first is a high-risk political strategy

The Guardian - UK

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Training event slated as part of bid to upgrade agro-processing

The Office of Industrial Economics (OIE) is pushing ahead with a plan to improve the agro-processing industry across six countries under the Mekong-Lancang Cooperation (MLC) pact by exploring the status of agrobusiness in Myanmar.

Bangkok Post

Solar economics compelling as costs fall, installs rise

The world could hit 1000 gigawatts of solar installations per year by 2030 with the global solar boom tipped to keep accelerating and benefiting Australians.

AAP

Capital Economics: Pause in home price declines to 'prove temporary''

Capital Economics just put out a new report titled “Pause in house price declines to prove temporary.”

Fortune

The Late Americans by Brandon Taylor review – a real university challenge

Inert characters mar the Real Life author’s new novel – a study of education, economics and desire set on a campus in America’s midwest

The Guardian - UK

Five reasons Adam Smith remains Britain's most important economist, 300 years on

June 5 2023 marks the 300th anniversary of the birth of Adam Smith, the 18th-century British economist widely hailed as the father of modern economics.

The Conversation

Natwest head of climate economics to speak at Wiltshire event

Leading climate figures, brands and businesses are set to attend the Planted Country gathering at the National Trust’s Stourhead house

Birmingham Post

The planet’s economist: has Kate Raworth found a model for sustainable living?

The long read: Her hit book Doughnut Economics laid out a path to a greener, more equal society. But can she turn her ideas into meaningful change?

The Guardian - UK

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The Times of India

Authors Avik Chanda and Dr Siddhartha Bandyopadhyay on their new book 'Work 3.0', how AI would change the workplace, and more

In the fast-paced and ever-changing world that we live in today, how would the future of the workplace be? With the advancement of technology and artificial intelligence, what are the skill sets one needs to have to stay relevant in the job market? Authors Avik Chanda and Siddhartha Bandyopadhyay answer…

Bangkok Post

Officials offer bleak view on latex medical gloves

Manufacturers of medical gloves made from rubber latex can expect a continued decline in exports this year, following the easing of Covid-19 infections and a ban on gloves made from natural rubber by some countries, says the Office of Industrial Economics (OIE).

The Independent UK

Chesapeake Bay report cites environmental justice disparities

A report on the Chesapeake Bay has found strong disparities between communities in different parts of the bay’s watershed in terms of health, economics and social justice concerns

The Conversation

Why we need to rewrite the script on corporate taxes

During the provincial election campaign in Alberta, the United Conservative Party (UCP) frequently criticized the NDP for its proposed increase in the corporate tax rate from eight per cent to 11 per cent.

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The Guardian - UK

So what if Biden trips up? On the political stage his footwork is the fanciest seen in decades

The president has outmanoeuvred his opponents again and shown that the right, both in the US and the UK, has no riposte to his brand of economics

France 24

Taiwan-US trade agreement: ‘It’s not about economics anymore, it’s politics’

Taiwan and the US on Thursday inked the first part of a new trade pact. Negotiated under the beak of a hawkish China, the pact is hailed by involved parties as the most significant trade deal between Taipei and Washington since Taiwan joined the World Trade Organization in 2002.

Reason

The Economics of Prohibition Doom Plans To Reduce Drug Use by Busting Online Dealers

A study suggests that "selectively targeting large-scale drug vendors" on the dark web can succeed where all previous enforcement efforts have failed.

The Guardian - UK

Eric Rahim obituary

Other Lives: Writer and lecturer who taught and researched around the world, specialising in economics

The Guardian - UK

Brexit, the environment, energy bills … it’s hard to tell Labour and Tory policies apart

Cross-party consensus was once called Butskellism. What do we call it when even Rachel Reeves and Jeremy Hunt agree? says Guardian economics editor Larry Elliott

The Conversation

Margaret Easterbrook joins The Conversation as Business Editor

The Conversation is delighted to welcome Margaret Easterbrook to our newsroom as Business Editor. Easterbrook will lead a team that includes The Conversation’s Economics Editor Peter Martin (highly commended in the 2022 Quill Awards) and Deputy Business and Economics Editor Tim Wallace.

The Guardian - UK

Running out of battery: how post-Brexit Britain is failing to set up a future-focused economy

One-off deals won’t keep pace with the big industrial strategies of the US and EU, says Mariana Mazzucato, a professor in the economics of innovation

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