Economics is at long last storming the bastions of the Scientific Advisory Group for Emergencies (SAGE). This citadel of epidemiologists
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About Paul Ormerod
Paul Ormerod is an economist at Volterra Partners LLP, a Visiting Professor in the Department of Computer Science at UCL, and author of Against the Grain: Insights of an Economic Contrarian, published by the IEA in conjunction with City A.M.
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The word “narrative” is usually seen as being a posh way of saying “story”. But the idea of narratives is
Last month, the official group of scientific advisers — SAGE — warned the government that only a quarter of those
Verification and validation. It is hard to imagine a more nerdy phrase. But it is, in essence, how science makes
Scepticism about the advice given by government scientists about Covid-19 is rising sharply. In areas like Bolton infections are high.
A great deal of government policy during the Covid crisis has involved regulation. Given a choice, economists usually prefer to
King Canute has had a bad press. The monarch sat on the beach on his throne with the deliberate intention
Decisions, whether by individuals, companies or governments, are often made with imperfect and incomplete information. This is so obvious as
Office workers continue to display reluctance to return to their workplaces, despite encouragement from the government for them to head
Did Sweden get it right in its response to Covid? There is increasing interest in this question. Contrary to widespread
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