Standard economic theory would tell us that for many goods and services, price acts as a reasonably successful rationing device. In most countries, food is subject to market prices, with welfare...

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Nobel Laureate Alvin Roth (2012) gives his view on how useful economics is. For more on Roth's work in theories of market exchange in areas such as organ donation click the links below.

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A hat tip to Hannah Thomas who has spotted a new info graphic on human capital produced by the Office for National Statistics. You can find it here...

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This is a really excellent piece from Larry Elliott at the Guardian on some of the factors that the Bank of England will take into account when deciding the moment to move policy interest rates up...

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