:Fixed Point

Goes to Edmund Phelps. Here is a typically thoughtful analysis of tax rates and labour participation, in an article that warns of the dangers of economists pursuing ideas incompletely and without sufficient evidence.
His name didn’t appear on most lists. What does that tell about the reliability of economists’ predictions?
And how quick on the ball was […]

I read in this morning’s Metro (yes, I admit it) that Boris Johnson is proposing that students be given cash incentives by universities to learn. This, he suggests, would encourage greater efforts on behalf of the students, and also limit the grade inflation in universities (because presumably, they would not want to pay out too […]