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The Latest Breaking News from Economics

The brutal economics of celebrity culture is turning children into marketing mannequins

The Kardashian children, and others, are working in adult spaces for the family business, whether the parents admit it or not

The Guardian - AU

Liz Truss is turbocharging bankers’ bonuses. What a gift for Labour

Champagne will be uncorked in Canary Wharf – and along with it, a clear them-and-us narrative, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

How to think like Albert Einstein

Exertion and isolation are key elements in the making of revolutionary ideas. Can our classrooms prepare students accordingly?

The Hindu

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What happened when we gave unemployed Australians early access to their super? We've just found out

One of the most well-established practical observations in economics is that when we give an unemployed person a payment, it tends to delay their return to work.

The Conversation

US sets up Afghan relief fund with frozen central bank money

The U.S. and Swiss governments and Afghan economics experts say they'll transfer $3.5 billion in frozen funds from Afghanistan’s central bank to use for the country’s people as hunger grips every province there

The Independent UK

Cost of living handouts from Liz Truss and her cronies will only benefit the wealthy

Record View on the Conservative economics in a nutshell – handouts are fine as long as it’s the richest who do the best out of it.

Daily Record

Income redistribution or social insurance? A federal MP considers the future of the welfare state

The Albanese government has something of an embarrassment of intellectual riches, with no less than three of its MPs holding PhDs in economics. Two of them, Andrew Charlton and Andrew Leigh, are also prolific authors with at least a dozen books between them.

The Conversation

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How ideology muddled inflation control in India

The agencies responsible for macroeconomic policy have hitched their wagon to Anglo-American economics

The Hindu

New PM: Boris Johnson 'will hang around and see it's all going to turn out'

A new Conservative prime minister has been picked in the UK, with Liz Truss gearing up to sift through the dispatch boxes and state papers. But her arrival at 10 Downing Street following Boris Johnson's resignation comes at a time of major strife in Britain, with a cost of living…

France 24

Liz Truss - laughable, not funny

Liz Truss taking the reins is just the latest development in Britain's descent into government by the very worst, writes Neal Curtis

Newsroom.co.nz

The options for Liz Truss to help your energy bills – and how likely they are

Britain's next Prime Minister has said she will announce cost of living help this week, but after attacking 'handouts' and 'Gordon Brown economics', what does she have in the locker?

Wales Online

‘Tired of trickle-down economics’: Biden calls for expansion of unions in Labor Day speech

President again pledges to be ‘most pro-union president’ in history during speech in Milwaukee

The Guardian - US

Gorbachev, macro-economics, and Gandhi

Concepts of free trade, financial freedom, and privatisation are not the right solutions for India’s citizens

The Hindu

All the options Liz Truss has to help your energy bills - and how likely each will be

Liz Truss is likely to be the next Prime Minister - and has said she'll announce cost of living help this week. But after she attacked 'handouts' and 'Gordon Brown economics', what does she have left in the locker?

Daily Mirror

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The Guardian - UK

Ditch price cap for ‘free basic energy’ plan to help poorest, report says

New Economics Foundation sets out proposals for government to pay for gas and electricity use up to a limit

360info

India’s literacy programs have fallen short

Despite government-mandated education, too many Indians remain unable to read and write. It’s time to revisit the policies.

Newsroom.co.nz

Bad economics trumps good environmental outcomes

Whether pumping petrol or fouling streams, sometimes environmental regulations make it just seem easier to go with the flow.

The Guardian - UK

A challenge to neoliberal economics and the myth of market supremacy

Letter: Even in normal times, the private sector relies heavily on public money, infrastructure and services, writes Prof Mary Mellor

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The Hindu

Abhijit Sen, economist who stood for farmers, rural poor, dies

In a career spanning more than four decades, Abhijit Sen taught economics at Delhi’s JNU, and held several important government positions including the chair of the Commission of Agricultural Cost and Prices

Daily Mirror

'Thank God the energy regulators are in place - they've shown us how tough they are'

Governments of other countries have taken control of the energy companies and set a price for heating that means people have a chance of coping. But that breaks all the rules of economics as you can’t interfere with profits like that.

Benzinga

Cannabis Demand Sees Nominal Impact by Surge in U.S. Inflation

Summary: ● Inflation is having only a nominal impact on retail cannabis demand ● While states have experienced a decrease in demand, this decline is simply the returning to pre-pandemic consumption levels

Benzinga

We Are Not In A Recession And Inflation Is The Reason Why, Says Nobel Prize-Winning Economist

Richard Thaler is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Thaler researches decision-making psychology, which bridges the gap between economics and psychology, as well as behavioral finance and economics.

The Guardian - UK

The crises of the past two years have killed the idea that markets will fix everything

Government intervention, crucial during Covid, is just as vital now, as energy prices soar and living standards plummet, says Guardian economics editor Larry Elliott

The National (Scotland)

Watch as economics expert Richard Murphy answers YOUR questions on GERS

THE annual GERS figures have been published, bringing a mixed bag of news for Scotland’s economic outlook.

The Guardian - UK

China’s property market is in freefall. What does this mean for the world economy?

The sector is dangerously overheated – but unlike the 2008 financial crisis, the global ripple effect is likely to be limited, says professor of economics Keyu Jin

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