Economics

PERSPECTIVE

Welcome to the new age of geoeconomics

Tech, trade, finance and military policies are mingling in a manner not seen during the neoliberal era

(L-R) Turkish-American Daron Acemoglu and British-Americans Simon Johnson and James Robinson are winners of the 2024 Nobel economics prize “for studies of how institutions are formed and affect prosperity”.

Nobel economics prize goes to researchers of prosperity

The economics prize has been dominated by US academics since its inception

Argentina’s libertarian president Javier Milei told the General Assembly that instead of the UN’s “supranational programme of a socialist nature”, the world needs a “freedom agenda”.
THE BROAD VIEW

Who needs a new economic paradigm?

What’s behind the ambition, on both the left and right, to promote a transformative vision of the field?

The limited number of core economic principles, such as supply and demand, make it relatively easy to derive their major implications.

Exciting economics is often misguided economics

Breakthroughs in the field are rare, but we have an impressive catalogue of possible solutions to real-word problems

“We get feedback from the market, from investors,” says Faisal Al-Ibrahim, the Saudi economy and planning minister. “We will do whatever is best for these projects, but also whatever is good for the economy.”

Saudi Arabia says economic revamp momentum intact as plans shift

Saudi Arabia signalled little concern over having to delay or adjust some of the biggest projects conceived as part of its economic transformation plan, with a top official saying momentum is “moving ...

One reason women detest the field is the male chauvinist pig standing in the middle of it, masquerading as the avatar of economic rationality.
THE BROAD VIEW

Economics is irredeemably sexist

The writer pins the blame for the field’s dearth of women on the male chauvinist pig in the middle of it, masquerading as the avatar of rationality

Activists at a rally in Indonesia. The key to defang identity politics is to transmit a fundamental message to voters: the government is working for you, not for elites of some kind or for friends in the party establishment.

Economic policies and identity politics

Tackling nativist populism calls for a strategy for reform that could weaken its appeal

American economist Claudia Goldin, who was awarded the 2023 Nobel Prize in economics.  Goldin’s work underscores a point that feminists have long emphasised: women do not have the luxury of separating the personal from the professional.

‘Women’s economics’ goes mainstream 

Issues like women’s labour-force participation and the gender pay gap have long been marginalised within economics. Harvard economist Claudia Goldin’s work – which has won her a Nobel Prize – has put ...

Afghanistan (R) represents a potentially valuable addition to the global Belt and Road initiative, given its natural reserves including copper and gold.

Taleban official in Beijing seeks to deepen economic ties with China

An official in Afghanistan’s Taleban-led government told AFP on Wednesday (Oct 18) that the country was seeking deeper economic cooperation with China, on the sidelines of a major development summit h...

Economist Milton Friedman at a conference in October 2003. He was one of the leading scholars of the “Chicago School of Economics” which championed free markets and minimum government intervention.
THE BROAD VIEW

Laying Chicago economics to rest

From breakthroughs in behavioural economics to mounting evidence in the real world, there is good reason to think that the economic orthodoxy of the past 50 years now has one foot in the grave. But ha...