A key concept in modern economics is, to use the jargon term, rational expectations. The idea has dominated orthodox macroeconomics
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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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Another day, another lurid, headline-grabbing number of deaths to expect from Covid-19. This time, it was a study from the
The Prime Minister is now demanding that offices reopen to revive economic activity in the centres of towns and cities.
Radical leaders such as Jacinda Ardern in New Zealand and Nicola Sturgeon in Scotland have gained plaudits through their relentless
One silver lining of the Covid-19 crisis has been a surge in innovation. Enterprising firms have invented both new products
The NHS contract tracing app has been scrapped in favour of a system developed by Google and Apple. Although health
Slavery has certainly been in the headlines in the past couple of weeks. Given this sudden interest in this area
Economic policy is returning to its usual position of prominence. Fears of a major rise in unemployment are starting to
Can we learn from history? An excellent book by Ben Gummer on the Black Death in fourteenth century Britain, The
In London, the Covid virus is disappearing rapidly. Hospital trusts are increasingly reporting days with no new cases at all.
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