Erdogan’s Losing It About Turkish Inflation

Erdogan appointed his son in law as finance minister. This has worked out about as well as appointing the bloke shagging your daughter is...

Why Romer and Nordhaus For The Nobel

Sure, there're a million people writing columns about this right now. But this seems an entirely reasonable overview of why. From The Conversation: William Nordhaus...

If British Colonialism Aided Hong Kong, Why Not Make Greece An EU Colony? –...

Not quite the sort of question we'd thought we'd see these days, colonialism being entirely out of fashion. Except, obviously enough, people in Brussels...

Oxfam’s Logical Failure Over Inequality

Oxfam is indulging itself in a little bit of backcasting. Actually, not just bits or gobbets but vast steaming piles of it. This is...

With The Nordhaus Nobel Can We Finally Get Climate Change Economics Right Please?

William Nordhaus has finally got his Nobel which is good. What is also excellent about this is that we've now this official recognition of...

Quite Remarkable How Badly Modern Monetary Theory Describes The Economy

There is a new initiative to bring the joys of Modern Monetary Theory to the UK. The Gower Initiative. In the interests of journalistic...

US Unemployment Rate Falls To 49 Year Low

This is a pretty good result - the United States unemployment rate is now at a 49 year low. It's also a reflection of...

The Price Of Dog Skins In N Korea – Or PPP Exchange Rates

North Korea has a slightly odd method of asking that citizens contribute to the welfare of the State. Contribute there being used in its...

US Economy Adds 230,000 Jobs – Trump’s Tax Cuts Take Effect

The United States economy has added 230,000 jobs in September in the private sector, well above consensus estimates. It probably is right to say...

And The Bourgeoisie Shall Inherit The Earth – Half Of Humans Now Middle Class

This is the one great achievement of the last half century. It is entirely and absolutely astonishing, we've just seen the biggest reduction in...