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After the extensive support to monetary and financial sectors in the aftermath of the global financial crisis and then during the Covid-19 pandemic, central bankers are now faced with the difficult task of engineering a controlled re-entry to the normal cycle of demand management. As we can all begin to see, the two-year interruption to […]
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OECD countries adopt different models of healthcare financing. The health financing mechanisms incorporate not only opposing interests (some models favor the highest incomes, others the lowest) but even more diverse conceptions of illness and healthcare. Let us try to review the most common models of healthcare financing and, for each of them, try to understand […]
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Professor Nick Wilkinson, the author of Managerial Economics, took some time to answer our questions about inspiration, the digital revolution, and the rewards of teaching. The second edition of your textbook Managerial Economics is publishing later this month, what originally inspired you to write on this subject and how has that developed with this new […]
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At first glance, the economy of a city, a country, and the entire world, seems to be something too complicated to understand, and even more so to predict. The purchase of a pair of sneakers in a sports store in San Antonio triggers a series of processes that begin with a stock replacement order at […]
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The book pulls together the key elements and issues about the transition to low carbon, climate-adapted economy in one volume. ‘Transitioning to a Prosperous, Resilient and Carbon-Free Economy: A Guide for Decision-Makers’ arrives at a decisive moment for the international efforts to tackle the climate crisis – in the wake of the pivotal International energy […]
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Often, we perceive economics as highly objective and functional science or system that is closely associated with material prosperity, economic development or progress, and consumption and transfer of wealth. We usually perceive economic science as being similar in nature to physics or biology, and given the modern division of sciences, such a view would not […]
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Researching the book Economics of Visual Art, I came across a drawing in the Tate Archives. It is a “concept sketch” for Tate Modern. It was drawn in 1991 — a full nine years before the building opened, and still a few years before Bankside Power Station was chosen as the site. The drawing was […]
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Our book, What Capitalism Needs, spells out what capitalism needs, drawing on the ideas of great but unduly neglected economists of the past including Friedrich List, Joseph Schumpeter, Maynard Keynes and Albert Hirschman—but with most attention being paid to Adam Smith and Karl Polanyi.
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