Vicky Pryce is an economist and former Joint Head of the UK's Government Economic Service
05 June 2014 11:30 AM
When Greece looked like it might be forced out of the Euro in late 2011, there was a collective intake of breath. A small country accounting for two percent of Europe’s GDP became a global preoccupation. A lot was at stake, in fact, the entire Euro project. Contingency plans were being prepared everywhere - the European Commission, the European Council, the IMF, the European Central Bank, across all European capitals - and further afield.
Think Like a Freak: How To Think Smarter About Almost Everything! by Steven D Levitt and Stephen J Dubner, book review
15 May 2014 04:00 PM
Fragile by Design: The Political origin of banking Crises and Scarce Credit by Charles Calomiris and Stephen Haber
21 March 2014 12:00 AM
Politicians here and elsewhere have made their name by attacking bankers' greed, other countries’ mistakes, globalisation, deregulation, central bankers' blindness, too loose monetary policy, you name it-except usually themselves. There is no denying that these issues matter and contributed to inflaming the 2008 crisis. All sorts of new ideas on how to make the system safer are constantly being suggested and many being implemented- increasing capital requirements; (forlorn) attempts to restrain bankers’ bonuses ;ring-fencing retail and investment banking; abolishing proprietary dealing (the Volker rule); increasing competition; or setting up proper resolution regimes for ' too big to fail' banks .
Pain And Retribution: A Short History of British Prisons, 1066 to the Present by David Wilson, book review
27 February 2014 12:00 AM
Even for someone like me who has had first-hand experience of prison, this book is a revelation. The costly, dysfunctional prisons we have today simply recycle people into crime. Yet the authorities think the clang of the cell door makes for better citizens.
20 February 2014 05:46 PM
Diane coyle is known to many of us as a colleague and serious economist. Here, she tracks the beginnings of our obsession with measuring Gross Domestic Product, a concept first developed in the 1940s. So much depends on GDP, even if it lacks accuracy: fortunes are made and lost if the outturn is worse or better than predicted. Sovereign credit ratings get adjusted, with serious repercussions. Years down the road, figures are revised and what may have appeared a calamity turns out to have been healthy growth – we just didn’t know it at the time!
31 January 2014 09:30 AM
'A puzzling argument on the value of economics'
29 November 2013 06:32 PM
Fear of the foreigner is politics at its worst and does the UK no credit
This week's big questions: What is the most effective way of improving prison? Are free schools a dangerous experiment?
25 October 2013 06:21 PM
This week's questions are answered by the economist and author Vicky Pryce
05 December 2012 07:08 PM
The UK will borrow an extra £220bn and at lower interest rates than expected for the smaller original figure. This is having a “Plan B” without announcing it.
27 September 2012 07:15 PM
The enormity of the task has been consistently underestimated. Imposing more austerity will only make things worse.
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