Chapter
Microeconomics and macroeconomics
2 Market structures and incentives
Meat and potato pies and the Nobel Prize in economics
Incentives, scarce resources and the refugee crisis
The market for speeding points
Bacon sandwich with sugar, anyone?
Don’t send bankers to jail. Just don’t give them knighthoods
Would harsher punishments deter the likes of Twisleton-Wykeham-Fiennes?
Why can’t students learn? University is not worthwhile for most
Can Nanny make you stop drinking?
Paying for performance can be bad. It’s (almost) official
Why teachers are just like bankers
CEO compensation and Jamaican demands for reparations: two sides of the same coin
Corporation tax: fostering the illusions of the electorate that someone else will pay
Our Friends in the North are trapped in a monetary union
Can game theory help the Greeks?
With hurricanes raging, why can’t politicians confront climate change?
Ticket prices, fairness and behavioural economics
Are the markets telling the truth?
The value of experiments, both controlled and natural
Rude Yorkshiremen, Milton Friedman and economic theory
Banks and steel: thorny problems in economic theory
Expert opinions are often built on sand
3 Uncertainty and the limits to knowledge
The World Chess Championship tells us how we really make decisions
The ‘gentleman in Whitehall’ does not know best
How expert are experts? Time to end the independence of the Bank
Beer, evolution and failure
Ninja Turtles, Nick Clegg and market failure
Black Friday, games and the Stock Market
Can England win the World Cup?
Whatever happened to all those miners? Shocks and economic resilience
Economics isn’t always the dismal science
Could Ernie replace Andy? The Bank’s take on automation
Neo-Luddites won’t like it, but the UK must keep on (driverless) truckin’
Always look on the bright side
All we are saying: give capitalism a chance
Artificial Intelligence and the future
Biotech contradicts accusation of City short-termism
Stranded assets and innovation
Britain’s New Industrial Policy: can we learn from the mistakes of the past?
Thomas Schelling, polymath of genius
A stitch in time. We need smarter government, but less of it
Alas, poor Cecil! Economic theory and the death of a lion
If it can happen to Google, who can feel safe?
Um Bongo: a spotlight on modern social and economic behaviour
Popular culture is the driving force of inequality
What the Emily Thornberry saga tells us about macroeconomic policy
Want an economic forecast guv? Pick one, any one will do
What a good job Keynes didn’t believe in forecasting
Inflation and the limits to knowledge
The private sector, not the state, drives America’s recovery
Cutting spending can be expansionary
Is this a pleb I see before me? Reality and perception in the markets
How big is my multiplier?
The ‘output gap’: another piece of economic mumbo-jumbo
We are much better off than the official statistics say
Economists are not impressed by Piketty’s views on inequality
Capitalism is stable and resilient
A few suggestions for further reading