Economics
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Richard Thaler wins Nobel Prize for Economics
US economist Richard Thaler has won this year's Nobel Prize for Economics. Professor Thaler, from the Chicago Booth business school, is famous for his bestselling book Nudge. The Nobel committee praised Prof Thaler for having "built a
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A five-minute guide to Adam Smith
The "father of modern economics", Scottish philosopher and economist Adam Smith wrote the hugely influential "An Inquiry into the Nature and Causes of the Wealth of Nations", usually abbreviated to "The Wealth of
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A five-minute guide to Friedrich Hayek
Born in Vienna in 1988, the influential Austrian economist Friedrich Hayek chose to become a British citizen in 1938. By the 1980s, his "services to the study of economics" had earned him both a Nobel Prize and a place on the Order of
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A five-minute guide to Milton Friedman
Nobel Prize-winning American economist Milton Friedman had a profound impact on the economics research agenda in the second half of the 20th century. Later an economic adviser to US president Ronald Reagan, Friedman also spent many years teaching
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5-minute guide to John Maynard Keynes
The ideas of British economist John Maynard Keynes have had a huge impact on modern economic policy around the world. Widely considered as the most influential economist of the 20th century, he was also one of the founders of modern
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Welby: we are in long depression
Britain has had "quite a long time" below the economic activity levels of 2007, the Archbishop of Canterbury said today. The Rt Rev Justin Welby, who took over the role last month, returned to the theme of the country's financial
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G4S fights for £57m Olympics cash
Should G4S pocket its £57m fee following its shambolic handling of the Olympics? The Commons home affairs committee doesn't think so and wants G4S to be black-listed. But G4S wants to cling onto the cash despite its boss, Nick Buckles
