You can gamble on horses or on the turn of a card - but Daniel Gould made a living betting on the outcome of the annual Eurovision Song Contest. Daniel made a profit because he studied the voting history of the competition, as well as the cultural and geo-political...
Articles
Why is the field of economics still so elitist?
There is no shortage of white men in economics. That is clear enough from a glance down the very male, very white list of winners of the discipline’s Nobel memorial prize. There are a few exceptions: the black Caribbean-born scholar Sir Arthur Lewis won in 1979; the...
Does winning the lottery actually ruin your life?
At the start of the graphic novel Bloke’s Progress, our everyday hero Darren Bloke isn’t coping with the everyday stresses of life. He has a tedious job, a grinding commute, squalling children and too many bills to pay. Then he wins the lottery — and his troubles...
Cautionary Tales – The Dark Money Behind Mother’s Day
Anna Marie Jarvis wanted a national holiday to honor the dedication and sacrifice of America's mothers. She wasn't the first person to propose a Mother's Day - but her campaign caught the imagination of the people and the ears of the politicians. Congress officially...
Has 21st century policy gone medieval?
Criminal justice has always been a source of knotty problems. How to punish the guilty while sparing the innocent? Trial by ordeal was a neat solution: delegate the decision to God. In the Middle Ages, a suspect who insisted on their innocence might be asked to carry...
What Mystic Meg can teach economists about forecasting
Economist Ezra Solomon once quipped that “the only function of economic forecasting is to make astrology look respectable”. I’m not sure if the astrologer “Mystic Meg” was ever respectable, but she was certainly much loved. “Britain’s most famous astrologer by a...
Cautionary Tales – the true scandal of Lydia E. Pinkham’s vegetable compound
It could cure almost any 'female ailment' - even cancer - said the adverts. But Lydia E. Pinkham’s Vegetable Compound was, in fact, just a concoction of herbs and alcohol of no proven medicinal merit. That didn't stop desperate American women from buying bottles of...
Lockdowns are over. WFH isn’t. Why?
Each February, the team at NPR’s fabulous Planet Money podcast announce their Valentines, nerdy love letters to under-appreciated data releases or obscure supply-chain trackers. This year, co-host Amanda Aronczyk revealed that her Valentine would be for . . . the...
Most Budget-day tweaks make the tax system worse. These wouldn’t
The tired metaphor is that the chancellor will try to pull a rabbit out of the hat on Budget day. The sleight of hand is usually less delightful: he’ll stuff some frozen prawns behind the radiator and a turd underneath the sofa, and hope to make a getaway before...