Richard Thaler, Nobel laureate

By Hersh Shefrin

Richard Thaler of the University of Chicago has been awarded the 2017 Nobel Prize in Economic Sciences. Hersh Shefrin looks at the development of three key areas of his research: people’s limited rationality, their perceptions about fairness, and their lack of self-control.

 

The Neymar Bubble

By Eran Yashiv

The €222 million transfer of Neymar to PSG calls into question whether football superstars are a good investment. Using the financial details of the transfer, at the price paid, Neymar has a negative net present value. While there are other explanations for PSG’s willingness to pay, in purely economic terms his contract seems a bad investment.

Economics of the populist backlash

By Dani Rodrik

The populist backlash to globalisation should not have come as a surprise, in light of economic history and economic theory. However, the specific forms it took were less surprising, and are related to the forms in which globalisation shocks make themselves felt in society.

Why universal basic income is a necessity

By Yanis Varoufakis

A speech given by Yanis Varoufakis to the Gottlieb Duttweiler Institute, for International Workers’ Day arguing that a universal basic income is now a necessity in our attempts to civilise capitalism.

Economic growth in the US: A tale of two countries

By Thomas Piketty, Emmanuel Saez, Gabriel Zucman

The rise of economic inequality is one of today’s most hotly debated issues. But a disconnect between the different data sets used to measure and understand inequality makes it hard to address important economic and policy questions.

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