Vicky Pryce

Vicky Pryce is an economist and former Joint Head of the UK's Government Economic Service

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Unhappy Union: How the euro crisis-and Europe-can be fixed by John Peet and Anton La Guardia

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

The Freak series returns, this time as a guide to making good decisions

Fragile by Design: The Political origin of banking Crises and Scarce Credit by Charles Calomiris and Stephen Haber


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 .

History of enchainment: HMP Pentonville, in London

Pain And Retribution: A Short History of British Prisons, 1066 to the Present by David Wilson, book review

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.

GDP by Diane Coyle, and Austerity by Florian Schui, book review

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!

Vicky Pryce reviews I Spend Therefore I Am by Philip Roscoe

'A puzzling argument on the value of economics'

When will Britain learn? Immigration from the EU is enormously beneficial to our economy

Fear of the foreigner is politics at its worst and does the UK no credit

The Government is ignoring the needs of women offenders with its probation reforms, a group of MPs has warned

This week's big questions: What is the most effective way of improving prison? Are free schools a dangerous experiment?

This week's questions are answered by the economist and author Vicky Pryce

George Osborn's Autumn Statement proves that we’re already in Plan B. He just hasn’t told us

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.

Europe’s leaders are sowing the seeds of the euro’s collapse

The enormity of the task has been consistently underestimated. Imposing more austerity will only make things worse.

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Day In a Page

Italian couples fake UK divorce scam on an ‘industrial scale’

Welcome to Maidenhead, the divorce capital of... Italy

A look at the the legal tourists who exploited our liberal dissolution rules
Time to stop running: At the start of Yom Kippur and with anti-Semitism flourishing, one Jew can no longer ignore his identity

Time to stop running

At the start of Yom Kippur and with anti-Semitism flourishing, one Jew can no longer ignore his identity
Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

Tom and Jerry cartoons now carry a 'racial prejudice' warning on Amazon

The vintage series has often been criticised for racial stereotyping
An app for the amorous: Could Good2Go end disputes about sexual consent - without being a passion-killer?

An app for the amorous

Could Good2Go end disputes about sexual consent - without being a passion-killer?
Llansanffraid is now Llansantffraid. Welsh town changes its name, but can you spot the difference?

Llansanffraid is now Llansantffraid

Welsh town changes its name, but can you spot the difference?
Charlotte Riley: At the peak of her powers

Charlotte Riley: At the peak of her powers

After a few early missteps with Chekhov, her acting career has taken her to Hollywood. Next up is a role in the BBC’s gangster drama ‘Peaky Blinders’
She's having a laugh: Britain's female comedians have never had it so good

She's having a laugh

Britain's female comedians have never had it so good, says stand-up Natalie Haynes
Sistine Chapel to ‘sing’ with new LED lights designed to bring Michelangelo’s masterpiece out of the shadows

Let there be light

Sistine Chapel to ‘sing’ with new LEDs designed to bring Michelangelo’s masterpiece out of the shadows
Great British Bake Off, semi-final, review: Richard remains the baker to beat

Tensions rise in Bake Off's pastry week

Richard remains the baker to beat as Chetna begins to flake
Paris Fashion Week, spring/summer 2015: Time travel fashion at Louis Vuitton in Paris

A look to the future

It's time travel fashion at Louis Vuitton in Paris
The 10 best bedspreads

The 10 best bedspreads

Before you up the tog count on your duvet, add an extra layer and a room-changing piece to your bed this autumn
Arsenal vs Galatasaray: Five things we learnt from the Emirates

Arsenal vs Galatasaray

Five things we learnt from the Gunners' Champions League victory at the Emirates
Stuart Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

Lancaster’s long-term deal makes sense – a rarity for a decision taken by the RFU

This deal gives England a head-start to prepare for 2019 World Cup, says Chris Hewett
Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence