Showing 1 - 10 of 36
Institutional redesign in order for economic change
News, Diane Coyle, Published on 30/12/2025
» The Nobel Prize in economics was awarded both this year and last year to scholars who, in different ways, emphasised the importance of institutions to economic growth.
Measuring the economic impact of AI
Oped, Diane Coyle, Published on 24/10/2025
» Is AI transforming the economy in any real sense, or is the promise of rapid growth mere hype?
The incalculable costs of corrupt statistics
Oped, Diane Coyle, Published on 29/08/2025
» With GDP and employment figures dominating political debates, it is easy to forget that they are hardly timeless truths. In fact, how we measure progress has shifted dramatically over time. The Physiocrats -- eighteenth-century French economists who saw agriculture as the source of all wealth -- regarded farms' output as the most important economic indicator. The Soviet Union, for its part, focused exclusively on goods production and ignored services altogether.
Building infrastructure for the AI age
Oped, Diane Coyle, Published on 22/07/2025
» The London Underground, the world's oldest subway system, opened in 1863. Around the same time, London's modern sewage system was designed by civil engineer Joseph Bazalgette in response to the Great Stink of 1858, which brought parliament to a standstill. Planning far ahead, Bazalgette built the system to last 150 years. Only now, with the Thames Tideway project, is it being significantly expanded.
Heroes of productivity growth
News, Chris Bradley & Jan Mischke, Published on 03/06/2025
» Few doubt that productivity growth is good for society. It generally translates into higher wages, a consumer surplus (prices below what you are willing to pay), larger profits, and greater shareholder value. Less understood, however, is how productivity growth is created. New research from the McKinsey Global Institute shows that the lion's share comes from just a few firms making audacious moves.
Reform needs more than just a chainsaw
News, Diane Coyle, Published on 10/03/2025
» Billionaire and Department of Government Efficiency (Doge) czar Elon Musk and UK Prime Minister Keir Starmer could not be more different. But they share a stated common goal: cutting red tape and reducing the burden of government on businesses.
Aid freeze a blow to global efforts
News, CHRIS GREACEN & PETER duPONT, Published on 07/02/2025
» It turns out the US government does important work around the world; work that, when suddenly cut off, leaves real people suffering.
Yes, let's reverse Brexit (just a bit) for Gen Z
News, Chris Bryant, Published on 07/09/2024
» What's the point of Keir Starmer's massive electoral majority if he remains hesitant to do something for young people on Brexit that's not just compassionate and sensible, but also very popular?
Can AI revolutionise prosperity?
Oped, Diane Coyle, Published on 06/09/2024
» As global economic growth slows, many hope technological innovation is a potential solution. The International Monetary Fund's latest World Economic Outlook, for example, highlighted the potential of artificial intelligence to boost productivity and GDP. But the report also warns that given the uncertainties surrounding the extent of AI's impact, such forecasts should be approached with a dose of caution. While AI could usher in an era of prosperity, this outcome depends on how these emerging technologies evolve.
'Time tax' rises despite modern tech innovations
Oped, Diane Coyle, Published on 04/07/2024
» Despite the rapid proliferation of artificial-intelligence chatbots and virtual assistants, finding an answer to a question that a company's software is not programmed to address can be frustrating. Searching through countless options on price-comparison websites for the best insurance policy or airline ticket can be equally exhausting. Yet, we tend to view this "time tax" as the cost of doing business in today's digitised global economy.