The Economists
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Richard Thaler on "Nudging" the pandemic, climate change and retirement saving
Professor Richard Thaler has spent his career investigating how people really behave – how we save for retirement, what we choose to eat, how we use energy. Through understanding the many reasons for human misjudgement, such as being too optimistic, or facing too many choices, Richard Thaler's work has helped people ma
Why you shouldn't need a degree to understand economics
If economics was made more relatable, it would be easier to understand. Justin Wolfers says we should start by teaching it differently. He says that although the guiding principles have largely remained, they need to be pulled apart and used in everyday decision-making to be useful. And if you don't want to study at un
As the coronavirus marches on, can wartime measures save us from a depression?
Pandemics are not new but the way the world has responded is unprecedented. As country after country calls time-out on their daily lives, the global economy is in free-fall. Carmen Reinhart says it's wartime and we need to be better soldiers. Professor Gigi Foster agrees. We must aggressively quarantine and protect vul