Economy

  • Permalink Gallery

    Book Review: Good Economics for Hard Times: Better Answers to Our Biggest Problems by Abhijit V. Banerjee and Esther Duflo

Book Review: Good Economics for Hard Times: Better Answers to Our Biggest Problems by Abhijit V. Banerjee and Esther Duflo

Share this:

In Good Economics for Hard Times: Better Answers to Our Biggest Problems, Nobel-Prize winning economists Abhijit V. Banerjee and Esther Duflo carefully lay out evidence to provide a grounded approach to tackling today’s most pressing global problems. With a focus on alleviating inequality and poverty, Banerjee and Duflo’s book clears a path for more interdisciplinary work centred on improving citizens’ […]

  • Permalink Gallery

    How faster productivity growth in low-skill sectors contribute to wage stagnation

How faster productivity growth in low-skill sectors contribute to wage stagnation

Share this:

Because productivity grows unevenly, workers reallocate between sectors, and low-skill wages stagnate, write Rachel Ngai and Orhun Sevinc.

The real wage of non-college workers in the U.S. has grown by about 20 per cent since the 1980s, which is less than half of the growth in aggregate labour productivity. This is rather puzzling because low-skill workers tend to work in […]

  • Permalink Gallery

    Book Review: The Glass Half-Empty: Debunking the Myth of Progress in the Twenty-First Century by Rodrigo Aguilera

Book Review: The Glass Half-Empty: Debunking the Myth of Progress in the Twenty-First Century by Rodrigo Aguilera

Share this:

In The Glass Half-Empty: Debunking the Myth of Progress in the Twenty-First Century, Rodrigo Aguilera challenges the arguments of the ‘New Optimists’, showing their progress narrative to be a conservative defence of the status quo that is ill-equipped to deal with pressing socioeconomic problems. In making clear that we do not live in the best of all possible worlds, this […]

  • Permalink Gallery

    Unintended consequence of fiscal stimuli: tightening households’ credit constraints

Unintended consequence of fiscal stimuli: tightening households’ credit constraints

Share this:

They may reinforce precautionary attitudes from the middle class and depress both credit and consumption, write Valerio Ercolani and António Antunes.

Since Keynes, the benefits associated to countercyclical fiscal policies have been recognised by the greater part of the economics community. Indeed, the global financial crisis and, especially, the current COVID-19 crisis saw massive increases in public debt in order […]

  • Permalink Gallery

    US and Chinese tech firms increasingly play a game of Pac-Man

US and Chinese tech firms increasingly play a game of Pac-Man

Share this:

With aggressive acquisition strategies, they may come to dominate markets and even nation states, writes Alissa Kole.

By all accounts, trust in the corporate sector is at an all-time low, and perhaps – for the first time in the history of humankind – it is a global phenomenon. While stock markets worldwide, and particularly in the United States, continue to […]

November 7th, 2020|Alissa Kole, Economy|0 Comments|
  • Permalink Gallery

    Book Review: Automating Finance: Infrastructures, Engineers and the Making of Electronic Markets by Juan Pablo Pardo-Guerra

Book Review: Automating Finance: Infrastructures, Engineers and the Making of Electronic Markets by Juan Pablo Pardo-Guerra

Share this:

In Automating Finance: Infrastructures, Engineers and the Making of Electronic Markets, Juan Pablo Pardo-Guerra offers a new examination of how stock exchanges have been automated through an incremental process, focusing on the infrastructural objects and work involved in the computerisation of the stock exchange in the UK and the US. This theoretically and empirically multilayered book will be particularly relevant for […]

October 25th, 2020|Book Reviews, Economy|0 Comments|
  • Permalink Gallery

    Reviving tourism in the COVID era: bungs, tax cuts and no more tour buses

Reviving tourism in the COVID era: bungs, tax cuts and no more tour buses

Share this:

Tourism has taken an enormous hit during the pandemic. Simeon Djankov looks at some of the ways governments are trying to revive the sector – from holiday vouchers to socially distanced group tours.

For years, residents of Barcelona, Paris and Venice and resorts like Martha’s Vineyard, Santorini and Ibiza have complained about the millions of tourists who visit them each […]

October 17th, 2020|Economy|0 Comments|
  • Permalink Gallery

    Book Review: Work Want Work: Labour and Desire at the End of Capitalism by Mareile Pfannebecker and J.A. Smith

Book Review: Work Want Work: Labour and Desire at the End of Capitalism by Mareile Pfannebecker and J.A. Smith

Share this:

In Work Want Work: Labour and Desire at the End of Capitalism, Mareile Pfannebecker and J.A. Smith address the problems in the prevailing discourse on work and outline how exactly we can put a post-work future into practice. As 2020 has witnessed the reshaping of work and workplaces due to the COVID-19 pandemic, this thought-provoking book offers a valuable […]

  • Permalink Gallery

    Book Review: The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All by Martin Sandbu

Book Review: The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All by Martin Sandbu

Share this:

In The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All, Martin Sandbu seeks to address the extent to which many citizens of western democracies feel ‘left behind’ by recent economic changes, proposing a detailed plan for creating a just economy where everyone can belong. While finding this a highly readable and carefully […]

  • Permalink Gallery

    Higher interest rates reduce the top one per cent’s share of the national income

Higher interest rates reduce the top one per cent’s share of the national income

Share this:

But income inequality increases, because high-salary workers immediately below the 1% gain, while people at the bottom lose, write Mehdi El Herradi and Aurélien Leroy.

Following the global financial crisis of 2008, central banks in the advanced economies have resorted to accommodative monetary policy measures in order to prop up their respective economies. Such measures mainly consisted of significant reduction […]

This work by LSE USAPP blog is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported.