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The Latest Breaking News from Economics

Ignore the doom-mongers: the good news on interest rates shows Labour is on the right track

Narratives matter in economics, and we must acknowledge the circumstances the government faces and give credit where due, says economist Mohamed A El-Erian

The Guardian - UK

Barr set to relinquish treasury amid big ACT public service shake-up

Chief Minister promises 'economics team', hints at fewer directorates.

The Canberra Times

US economy added only 12,000 jobs in October in shock pre-election drop – as it happened

Live, rolling coverage of business, economics and financial markets as non-farm payrolls numbers deliver economic surprise days before presidential election

The Guardian - UK

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What are Veblen and Giffen goods?

This article is part of The Conversation’s “Business Basics” series where we ask experts to discuss key concepts in business, economics and finance.

The Conversation

GDP is an outdated way of measuring the health of the economy – it doesn’t reflect the health of people or the planet

Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world.

The Conversation

Rachel Reeves’s first budget offers a chance to break out of the doom loop. Here’s how she should do it

It’s a tall order but Labour has a chance to improve people’s lives in both the short and long term, says economics and public policy professor Jonathan Portes

The Guardian - UK

Which tactics have football teams used to benefit from their pitches?

Plus: stands delivered from one club to another; Erling Haaland denied; and a brutal time for Ängelholms FF

The Guardian - UK

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End of coal in South Africa: what 100,000 workers will need when their jobs go

South Africa’s move to renewable energy means that the coal industry will be phased out over the coming decades. This transition away from a fossil-fuel based economy will affect over 100,000 workers in coal mining and coal-fired power generation – and their families. Economics professor and director of the Development…

The Conversation

Do you want kids? It’s finally OK to simply say no

If birth rates are falling it could be down to choosing childlessness, rather than economics or infertility

The Guardian - UK

Ascot gears up for Britain’s richest day at races with £4m on offer

Champions Day will not have the pulling power of Frankie Dettori’s farewell last year but the signs are the buzz still lingers

The Guardian - UK

Paul Johnson to leave influential IFS economics thinktank

Leading authority on tax and spending policy to depart Institute for Fiscal Studies next year for Queen’s College, Oxford

The Guardian - UK

Why is Germany shooting its own stagnating economy in the foot?

A proposed Italian-German bank merger makes sense for Europe, but Berlin is opting for domestic protectionism, says economics commentator Simon Nixon

The Guardian - UK

Did Inflation Save Us From 'New Progressive Economics'?

Anti-market progressives dominate the Biden administration. Their policies also help discredit it.

Reason

This year’s Nobel prize exposes economics’ problem with colonialism

Daron Acemoglu, Simon Johnson and James Robinson have been awarded the 2024 Nobel memorial prize in economics for their influential work on how institutions shape economic development. Some would say the decision to award these scholars the Nobel was long overdue.

The Conversation

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The Conversation

This year’s Nobel prize in economics awarded to team that examined what makes some countries rich and others poor

The 2024 Nobel Prize in Economics has been awarded to three US-based economists who examined the advantages of democracy and the rule of law, and why they are strong in some countries and not others.

France 24

Unleashing the economic potential of second-hand clothing

Second-hand clothing can help countries meet environmental targets, and drive economic growth - but needs support. A new report says governments need to help unleash the sector's economic potential. Karina Bolin, President of Humana People to People Italia, says it's important to focus on textiles of good quality, rather than…

The Conversation

Nobel economics prize: how colonial history explains why strong institutions are vital to a country’s prosperity – expert Q&A

This year’s Nobel memorial prize in economics has gone to Daron Acemoglu and Simon Johnson of the Massachusetts Institute of Technology and James Robinson of the University of Chicago for their work on why there are such vast differences in prosperity between nations.

Dynamite News

Nobel Economics Prize awarded for research into differences in prosperity between nations

This year's laureates have demonstrated the importance of societal institutions for a country's prosperity. Read further on Dynamite News:

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The Independent UK

Nobel Prize in Economics awarded to trio for explaining global inequality

The prestigious award is the final prize to be given out this year and is worth $1.1 million

Evening Standard

Two Britons among three winners of 2024 Nobel Prize in Economics

Two of the academics also studied at the London School of Economics

France 24

'Nobel economics prize' awarded to trio for work on links between institutions and prosperity

Daron Acemoglu, Simon Johnson and James A. Robinson won the 2024 Nobel memorial prize in economics "for studies of how institutions are formed and affect prosperity", the Royal Swedish Academy of Sciences said on Monday.

Al Jazeera

US-based Acemoglu, Johnson and Robinson win 2024 Nobel economics prize

The award for work into why countries succeed and fail is the final prize to be given out this year and is worth $1.1m.

The Independent UK

Watch: Nobel Price in economic sciences 2024 winner announced

Watch live as the winner of this year’s Nobel economics prize, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is announced on Monday, 14 October.

The Independent UK

The Nobel economics prize is being announced in Sweden

The Royal Swedish Academy of Sciences is unveiling the winner — or winners — of the Nobel Memorial Prize in economics, wrapping up six days of awards announcements

International Business Times

Role Of Government, Poverty Research Tipped For Economics Nobel

Closing the season, the Norwegian Nobel Committee will announce the Nobel economics prize on Monday, with specialists on credit, the role of government, and wealth inequality seen as possible contenders.

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