It’s increasingly popular to criticise GDP as a measure of the success of an economy. Indeed, New Zealand’s ‘Wellbeing Budget’ of 2019 was widely praised as a ‘world first’ for its emphasis on a range of other metrics. It wouldn’t surprise me if Rishi Sunak is encouraged to adopt similar language in his first Budget … Continue reading In defence of GDP
I first visited a food bank in 2017 at the invitation of the Trussell Trust, the admirable charity which runs the UK’s largest network of emergency centres providing food to people in crisis. Since then the use of their food banks has continued to grow rapidly, largely due to problems in the benefits system and the transition to … Continue reading Should we try to do without food banks?
At first sight there’s an obvious inconsistency between libertarianism and paternalism. The latter usually involves government actions which limit someone’s choices, even if the intention is to promote their own good. How can it be right (asks the libertarian) to restrict an individual’s freedom and autonomy just because the government thinks it knows better? Indeed, … Continue reading Nudge economics – can paternalism ever be libertarian?