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Professor Nick Wilkinson, the author of Managerial Economics, took some time to answer our questions about inspiration, the digital revolution, and the rewards of teaching. The second edition of your textbook Managerial Economics is publishing later this month, what originally inspired you to write on this subject and how has that developed with this new […]
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Ongoing violence is an unfortunate fact of life in many communities around the world. In Afghanistan, two decades of state-building followed decades of internecine civil war. Despite significant investments by the international community, by 2021, the Taliban regained control over the country. On the occasion of the failure of the American-led state-building mission, it is […]
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Our book, What Capitalism Needs, spells out what capitalism needs, drawing on the ideas of great but unduly neglected economists of the past including Friedrich List, Joseph Schumpeter, Maynard Keynes and Albert Hirschman—but with most attention being paid to Adam Smith and Karl Polanyi.
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You have heard of the Seven Deadly Sins: pride, greed, lust, envy, gluttony, wrath, and sloth. Each is a natural human weakness that impedes happiness. In addition to these vices, however, there are deadly economic sins as well. They, too, wreak havoc on our lives and in society. They can seem intuitively compelling, yet they […]
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Joe Biden has become President of the United States at a time when the country faces acute crises on many fronts. The most pressing—in both health and economic terms—is the ongoing COVID-19 pandemic, but the country must also confront the environmental and energy implications of climate change; deep racism across American institutions; ongoing weakness in […]
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The response to the COVID-19 crisis puts the spotlight on public spending and the role of the state in advanced countries: How much should governments spend – is there an “optimal” level of spending? How effective is public spending – are we making the most of it? Are our public finances sustainable given record debt […]
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The Indian economy traversed a rising growth trajectory for three decades since the turn of the 1970s. It has been observed that growth came mostly from the service sector. The question that haunted economists is: can the service sector of an underdeveloped country maintain such momentum when manufacturing fails to get charged up in spite […]
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The coronavirus pandemic, even as it induces great anxiety and fear over people’s health, is at the same time causing disruption to our societies’ economies on a scale that is perhaps unprecedented. In Italy, at least in the period after World War II, no comparable crisis has been experienced before. For anything like the same […]
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