In memoriam: John Nash

It is with great sorrow we hear that one of the greatest minds in human history died this weekend in a car crash with his wife while they were returning home from an airport. John Forbes Nash Jr., was widely known as one of the founders of cooperative game theory whose life story was captured by the 2001 film “A Beautiful Mind”, is truly one of the greatest mathematicians of all time. His contributions in the field of game theory revolutionized the way we think about economics today, in addition to a whole number of fields – from evolutionary biology to mathematics, computer science to political science. 

(more…)

QE-a Culpa

Recently I’ve been looking through some of the articles I’ve written about QE over the last few years. I spent much of the post financial crisis period learning about monetary theory and wondered about the extent to which this was reflected in my commentary. I feel that my understanding has increased significantly, and so I should reassess my previous claims. (more…)

7 policies the Labour Party should adopt in Opposition

The Labour Party is in disarray, and looking for a new leader. But being the official opposition party is an important duty, and can change the terms of the political debate. Here are the policy issues the party should concentrate on if it wants to make an impact in opposition, and eventually restore its electoral prospects.  (more…)

LFTRs: The Future of Green Nuclear?

The nuclear industry is abuzz with talk of an avant-garde next-generation nuclear concept, pundits are chattering and governments are starting to show interest; advocacy for thorium is gaining traction and LFTRs are stealing the show. Some, such as fervid thorium exponent Kirk Sorensen, are proclaiming this technology to be the innovation that revolutionises our approach to energy and invigorates our fight against climate change.[i] (more…)

The Collected Economic Nonsense

In his latest series of blogs, the Adam Smith Institute’s President, Dr Madsen Pirie took aim at 50 of the most prevalent and pernicious falsehoods about economics. Read them all here in this collection of all 50 pieces.

(more…)