NEWS! My new book, "How To Make The World Add Up", is out next week around the world (except US / Canada). Pre-ordering a copy online or from your local bookshop is enormously helpful: it prods review interest, encourages physical bookshops to order and display the...
Undercover Economist
My weekly column in the Financial Times on Saturdays, explaining the economic ideas around us every day. This column was inspired by my book and began in 2005.
We fall in love with the new, but not everything old is obsolete
The Boeing 747 took another step towards retirement recently. British Airways, the operator of the largest fleet of passenger 747s, announced that the distinctive aeroplane would not be returning to service after the pandemic....
Rats, mazes, and the power of self-fulfilling prophecies
It’s 1963. A young psychologist named Bob Rosenthal conducts an experiment in which his assistants place rats in mazes, and then time how long it takes the rats to find the exit. They are housed in two cages: one for the smartest...
Young pessimists, old optimists, and the strange ways we think about risk
Have we blown the risk of catching Covid-19 out of all proportion? Or are we not nearly frightened enough? The fashionable view is that people have become reckless. Photographs of crowded bars and beaches provide some evidence...
Will the mental scars of Covid fade or endure?
My local cheesemonger, having reinvented itself as a general produce store, has been open throughout lockdown. The proprietor tells me something strange and new has started to happen. Customers he hasn’t seen since March as they...
Why experiments matter and why we hate them
While the world celebrated the discovery that the steroid dexamethasone was an effective treatment for Covid-19 patients on ventilators, my physician friend was unimpressed. It was obvious that dexamethasone would work, she...
What will bounce back after the pandemic, and what will never be the same?
In the middle of a crisis, it is not always easy to work out what has changed forever, and what will soon fade into history. Has the coronavirus pandemic ushered in the end of the office, the end of the city, the end of air...
What countries can – and can’t – learn from each other
Brazil has lost two health ministers; their replacement is a general. The country now probably has the highest prevalence of active coronavirus infections in the world. South Korea was briefly the worst hit country outside China....
What the pandemic teaches us about our priorities, our planet, and the degrowth movement
Certain environmentalists have long argued that economic growth must end for the sake of the planet. “Degrowth” is concisely defined by one proponent, Riccardo Mastini, as “the abolition of economic growth as a social objective”....