Shopping used to be hard work – wandering down multiple aisles in search of a desired item, dealing with crying and nagging kids, and waiting in long checkout lines.

Thanks to platforms that link online consumption to local interests, the desire to buy local is now giving rise to a new phenomenon known as “digital localism.”

In the middle of the 20th century, when lotteries first started in the U.S., they were sold to states as a benefit to the American public. That suggests that bigger and bigger jackpots should mean more tax dollars to spend on public services like education.

The phrase “the gold standard” means, in common parlance, the best available benchmark – as in double-blind randomized trials are the gold standard for determining the efficacy of a vaccine.

Those turning to unconventional monetary policy include Japan, Switzerland and the European Union. Negative rates range from –0.1% to –0.8% for selected tiers of central bank deposits.

Coronavirus has caused a great deal of stock market turbulence and, somewhat inevitably, comparisons have been made to the volatility caused by the South Sea Bubble 300 years ago.

The COVID-19 pandemic has radically affected the American economy, reducing spending by American households on materials goods, air travel, leisure activities as well as the use of automobiles.

COVID-19 has shown how damaging ill-health can be for the economy. But it has also shown how measures that benefit health (lockdowns) can be seen as bad economic prosperity. A similar paradox is at the heart of promoting better diets.

Frankie lives in a six-bedroom house on the outskirts of Leeds. She is her own landlord, but doesn’t own the house. Instead she is part of a co-operative housing group:

The International Monetary Fund (IMF) is calling the coronavirus-induced economic crisis “the Great Lockdown”. The phrase mimics the Great Depression of the 1920s and the Great Recession that followed the 2007-08 global financial crisis.

There is no limit to the quantity of money that can be created by a central bank such as the Bank of England. It was different in the days of the gold standard, when central banks were restrained by a promise to redeem their money for gold on demand.

It’s wrong to expect a “snap-back” at shopping centres, food courts, cinemas and other places where people used to gather to spend money.

As we near the 100-day mark since the pandemic was declared, one area getting a significant attention is the workplace, where a window is opening for good ideas to move from the fringes to the mainstream.

There is a school of thought among economists who aren’t worried about the so called “budget black hole”, where tough choices have been called for to reduce government spending.

It is well-established that recessions hit young people the hardest. We saw it in our early 1980s recession, our early 1990s recession, and in the one we are now entering.

It is common to hear people say that the epoch of enormous economic progress which characterised the last century is over.

Inflation among the 37 member states of the Organisation for Economic Co-operation and Development (OECD) fell from 2.3% in February to 1.7% in March.

Airlines face an unprecedented international crisis in the wake of the coronavirus pandemic.

Two key factors distinguish the economic consequences of coronavirus from those of previous crises.

Predictions about the effects of the coronavirus pandemic on the world’s economy arrive almost daily. How can we make sense of them in the midst of this economic storm?

Adam Smith had an elegant idea when addressing the notorious difficulty that humans face in trying to be smart, efficient and moral.

Many people are talking about universal basic income (UBI) these days. Giving everyone a guaranteed income could be the solution to many economic woes. 

As the epidemiological impacts of COVID-19 grow exponentially, so do business closures, unemployment rates, poverty, housing and food insecurities.