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Mike Norman Economics

Veblen, institutions and ideas — Diane Coyle

Short review of Veblen: The Making of an Economist Who Unmade Economics by Charles Camic. Worth reading if into the history of economics and economic thought.The Enlightened EconomistVeblen, institutions and ideasDiane Coyle | freelance economist and a former advisor to the UK Treasury. She is a member of the UK Competition Commission and is acting Chairman of the BBC Trust, the governing body of the British Broadcasting Corporation

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GM-Wuling tiny car overtakes Tesla to lead China’s EV market

 China’s fast-growing electric vehicle market is the largest in the world. After a slump earlier this year, the sale of electric cars nationwide is gaining speed again.Chinese carmaker Wuling has overtaken Tesla as the top-selling electric vehicle in China. The brand is a joint venture with General Motors to target young consumers and less affluent drivers.[embedded content]

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China’s central bank wants a say in fintech’s future as it grants new personal credit ratings license to state venture with internet firms — Zhang Shidong

Shoring up the Chinese financial system with credit ratings through public-private partnership.Yahoo FinanceChina's central bank wants a say in fintech's future as it grants new personal credit ratings license to state venture with internet firmsZhang Shidong in Shanghai for SCMP

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From Hobbes to Locke – and back again? — Diane Coyle

Short review of Diedre McCloskey and Art Carden, Leave Me Alone and I’ll Make You Rich: How the Bourgeois Deal Enriched the World.The sticking point is determining the limits of individual liberty. Even the hardest core Libertarians agree that some lines need to be drawn. They suggest the non-aggression principle as necessary and sufficient. But is it? What would be the criteria for determining this? How would these criteria be selected?The Enlightened EconomistFrom Hobbes to Locke – and...

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How Money is Created in the UK — NeilW

For the past few months I’ve been working with Andrew Berkeley and Richard Tye helping them complete “An Accounting Model of the UK Exchequer” which has been published online by GIMMS as a working document.The study is a tour-de-force of research and history by Andrew and Richard, and I’m very grateful to have been invited in to assist with the accounting and systemic analysis of the structures that lie at the heart of the UK monetary system and add my little bit to the document. However I...

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China to leapfrog U.S. as world’s biggest economy by 2028, report says

 China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the Covid-19 pandemic, a think tank said.The CEBR said China’s “skillful management of the pandemic,” with its strict early lockdown, and hits to long-term growth in the West meant China’s relative economic performance had improved.The Japan Times China to leapfrog U.S. as world's biggest economy by...

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