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Industrial Policy
Well-designed industrial policies can improve a nation’s economic performance. Using a range of tools, such as subsidies, tax incentives, infrastructure development, protective …
Financial Inclusion
Without access to mainstream financial services, people pay more for goods and services and have less choice. The impacts of exclusion are not just financial but also affect …
Marginalism
The notion of marginalism is central to modern economic theory. Its emergence, in the 1870s, underpinned the change from classical economics to modern (micro)economics, described …
Cultural Economics
The cultural industries and their products and services make a significant contribution to the global economy and are seen as strategic sectors for sustainable economic growth. …
The Gig Economy
The “gig economy” is a relatively recent term coined to describe a range of working arrangements that have previously been denoted as precarious, flexible and contingent. These may …
The Resource Curse
The resource curse, or paradox of plenty, refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and …
Economic Anthropology
Conventional economic thought sees the economy as the sum of market transactions carried out by rational individuals deciding how to allocate their resources among the various …
Behavioural Economics
The rise of behavioural approaches in economics has been one of most significant developments in the study of economic decision-making in recent years. The increasingly …
The Living Wage
The "living wage" is an old idea that has experienced a dramatic resurgence of political popularity in recent years. The underlying logic of the concept is quite clear: it is a …
Bounded Rationality
Understanding how we take economic decisions and how we depart from rational choice theory has become increasingly important to understanding the workings of the economy at all …