Unfortunately, numerous economic fallacies and misconceptions seem to never die; they just return in slightly different forms at later dates.
One hundred years ago, the countries of Europe were trying to recover from the consequences of the First World War. It was not only the cost in human life (estimated to be more than 20 million people) and the military expenditures of nearly $5 trillion in today’s dollars. It was the political and ideological legacies of the war, as well.
The relatively classical liberal institutions that had generally prevailed in many of the Western nations before the war had been weakened by the wave of wartime controls and central planning introduced by the belligerent governments. Socialists were calling for the end to capitalism and its permanent replacement with government peacetime central planning. Others called for a new “social liberalism” of extensive and intrusive government interventions and welfare state redistributions.
RUTH SUNDERLAND: Despite a display of female firepower in economics around the world, the same effect has not been seen in the UK
Women are very poorly represented in university economics departments from undergraduates through to professorships, and that feeds through to a shortage at the top levels of policymaking
Among economics students from the UK, women represent 27 per cent of undergraduates, and that has gone backwards in the past two decades
The economy affects all of us, not just men, and so the study and practice of economics should reflect society in the round
Widening the pool beyond white, middle-class males might reduce the risk of groupthink that was so deadly in the financial crisis
RUTH SUNDERLAND: Gender gap hits UK economics thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
Moving To Portugal?A story on Lisbon’s short-term rental platforms and the housing market
Throughout Europe, many mayors have argued that house rental platforms such as Airbnb price locals out of city housing. Lisbon is an interesting case study on how to regulate this market. The median real estate price per square meter in the city increased more than 70% between the first quarter of 2016 and the last quarter of 2019. The number of overnight stays in Lisbon reached more than 11 million in 2019, about 20 times its resident population. João Pereira dos Santos writes about the causal impact of short-term rental regulations on the housing market and suggests policy implications.
If Boris Johnson has his way, a woman s work will truly never be done | Social care theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.