Beyond the Aura: The Nobel Prize in Economics

My brief review essay on the Nobel Prize in Economics, centering on the recent book entitled The Nobel Factor by Offer and Söderberg was published in Development and Change on the same day as the 2018 Nobel Prize in Economics was also announced. Read the essay here. Some subsequent reflections, on what the essay left out … More Beyond the Aura: The Nobel Prize in Economics

Who Gets What in the World?

Today I will be giving a ‘Special Lecture” on “Who Gets What in the World?” in honour of the 125th birth anniversary of P.C. Mahalanobis at the Indian Statistical Institute in Bangalore (announcement here) based on analyses from the Global Consumption and Income Project.   All are welcome.  The slides can be downloaded here.

Statistical Physics and the Social Sciences: What Potential Contribution?

In recent years there has developed a branch of economics which seeks to apply statistical physics approaches to understanding economic problems.  Some years ago, my colleague at the New School, Anwar Shaikh, introduced me to the pioneering work in this area that seeks to understand income distributions, for example by the physicist Y M Yakovenko.  … More Statistical Physics and the Social Sciences: What Potential Contribution?

Equality and Liberty: Beyond a Boundary

Must those who value liberty accept that its consequences include economic inequality?  In the tradition associated with John Locke, of which a modern representative was Robert Nozick, the answer is yes. Akeel Bilgrami, Professor of Philosophy at Columbia University, argues no, because in his view liberty properly understood and exercised, can be made consistent with … More Equality and Liberty: Beyond a Boundary

An Economic Strategy for The Gambia?

I was privileged recently to spend a little time in The Gambia, whose people recently overthrew a megalomaniacal, authoritarian and in many respects vicious President, Yahyeh Jammeh, in an extraordinary democratic moment, due to their courage and the timely supportive action of other countries in West Africa (and very little if at all due to support … More An Economic Strategy for The Gambia?