What has happened to supply-chains?
By Stefano Riela As Covid-19 cases decline, capacity constraints and shortages should ease, spending on travel and entertainment should pick up, slowing demand for goods and taking some of the pressure off supply chains and delivery times. In recent months it has been...
Why are global food prices higher today than for most of modern history?
By Alastair Smith Global food prices shot up nearly 33% in September 2021 compared with the same period the year before. That’s according to the UN Food and Agriculture Organisation (FAO)‘s monthly Food Price Index, which also found that global prices have risen by...
What are the causes behind Britain’s energy crisis?
By Laurie Macfarlane Soaring gas prices have exposed longstanding vulnerabilities in Britain’s energy system. A radical overhaul is long overdue. “There’s absolutely no question of the lights going out,” the business secretary, Kwasi Kwarteng, told the...
What does a post-neoliberal future look like?
By James Meadway From taming Big Tech to competing with China, Western governments are abandoning free-market policies. Could it be that the free-market policies that have dominated policymaking for the past 40 years are finally on their way out? In the past six...
How big is the economy of authoritarian regimes?
By Stefano Riela Stefano Riela asks how big the economies are of authoritarian regimes. The economy of authoritarian regimes comprises 30% of the World economy (see the red line in the figure). This percentage is on the rise, in contrast to what Francis Fukuyama...
An economic divide: What are the myths about poverty in the United States? 🔊
The COVID-19 pandemic in America has exposed distinct economic divides throughout the country. But much of the issue of poverty in the US is based on public images rather than empirical evidence. What are the myths about poverty in the US? Can a better understanding...
What are the economics of happiness?
By Gilbert Wong New Zealand has its own world expert on the economics of happiness. Professor Robert MacCulloch says the pandemic is an opportunity to show how we could do a lot better. In the annual World Happiness Report, New Zealand consistently sits in the top ten...
Is 2021 humanity’s make-or-break moment on climate change?
By Laurie Macfarlane COVID-19 and climate change are two sides of the same coin. To overcome both we must confront their root cause: an economic system that is killing the planet. Last year will be remembered for many things, and let’s be honest: most of them will be...
Why do housing prices soar despite a COVID recession?
By Edward Yiu Median housing prices across New Zealand increased by 19.8% year-on-year (YOY) in October 2020. It is one of the largest price surges in the world despite a global COVID recession. Median housing prices across New Zealand increased by 19.8% year-on-year...Subscribe by Email
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