“The failure of economists to forecast recessions is virtually unblemished,” notes Prakash Loungani, assistant director at the International Monetary Fund (IMF). This includes the economists at the IM

The development and future of capitalism

There is good news and bad news about the prospects for the UK economy. First, the good news. The UK’s problems are relatively easily solved. A lot of money is pointlessly being thrown down the drain

In 2024, Florida loosened its rules on teenagers working—clearing the way for youngsters to toil longer shifts, including at night, and allowing parents to waive a cap on term-time labour. In 2025, th

Matthew Partridge: You won the Nobel Prize in Economics, along with Joel Mokyr and Peter Howitt, for explaining “how innovation provides the impetus for further progress”, especially through “creative

In his new book, Edmond Smith addresses a question that has occupied generations of historians: why was Britain the first country to industrialise, thus securing its global dominance in the 19th centu