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As the organisation’s anniversary nears, borders around the world are closing againWhen trade ministers gathered in the Moroccan city of Marrakech 30 years ago this month to sign the agreement creating the World Trade Organization (WTO), the mood was celebratory. The Berlin Wall had come down only recently, communism had collapsed, and there was optimistic talk of how the body would prise open new...

The Israeli-American’s first book, Thinking, Fast and Slow, was a worldwide bestseller with revolutionary ideas about human error and biasDaniel Kahneman, a psychologist who pioneered theories in behavioural economics that heavily influenced the discipline, and won him a Nobel prize, has died at age 90.Kahneman, who wrote bestselling book Thinking, Fast and Slow, argued against the notion that people’s behaviour is rooted in a...

The PM’s admiration for Washington’s economic model may backfire amid looming US banking and stock market disastersOne of the consistent themes of the Conservative economic narrative is an admiration for the US and its ability to grow quickly. The way it has bounced back from the pandemic and how it has ridden out the impact of Russia’s invasion of Ukraine should serve as a...

Democratic senator Sherrod Brown endorsed the Sesame Street star’s complaint on products getting smaller as prices remain sameThe Ohio Democratic senator Sherrod Brown endorsed a key voice in the American public square – Cookie Monster – in a complaint about shrinkflation.“Me hate shrinkflation!” the Sesame Street character posted on social media on Monday, referring to an economic phenomenon Merriam-Webster defines as “the practice of...