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Providing public and private goods – The past, the present and the future
There are two ways of supplying goods in society. Across political regimes and throughout history there has been a continuum between those two options – the state at one... Learn more
Should we be afraid of China?
It is the second largest economy on the planet (the largest by some counts). When it is growing, it pulls with it the rest of the world. When it stalls, we suffer. So... Learn more
What can we learn from Islamic finance
Two trillion dollars, and counting. Islamic finance assets may be only a small proportion of the global banking balance sheet, less than 2%, but it is the fastest... Learn more
The economics of crime
Thinking about society the way economists do is not making use of categories such as ‘evil’ and ‘meritorious’. ‘Crime’ can be understood as a business, with its inherent... Learn more
Scarcity and infinite wants: The founding myths of economics
We live in a world of scarcity, declare mainstream economists. That is necessarily true if at the same time you assume human wants are infinite. There follows that some... Learn more
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