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INFLATION is a simple concept, but price rises are surprisingly hard to measure. First, statisticians must work out what stuff people buy, and in what proportions (the “basket” of goods). Then they must track the prices of those goods over time. Finally they must decide how to account for new ...

HAD he lived to see it, Alfred Marshall, a 19th-century giant of economics, probably would not have celebrated International Women’s Day, which takes place on March 8th. “If you compete with us, we shan’t marry you,” he once gallantly warned the fairer sex. In his book, Principles of Economics, he ...

TO BRITISH holidaymakers flying from East Midlands airport, near the quiet English town of Castle Donington, it seems like any other small airfield. But after dark, when the last passengers have departed, it begins to buzz with activity as Britain’s second-biggest air-cargo hub. Freighter planes arrive throughout the night at ...

UPDATE: On March 21st Valeant announced that Michael Pearson, its CEO, was leaving UNTIL recently, America hadn’t had a spectacular corporate disaster since Lehman Brothers in 2008. But Valeant, a Canadian but New York-listed drug firm, now meets all of the tests: a bad business model, accounting problems, acquisitions, debt, an ...

IN A financial landscape that ranges from the dreary to the disliked, peer-to-peer lending stands out. P2P firms, also called marketplace lenders, channel loans directly from institutional investors and individuals to borrowers, for a fee. In the process, they have lowered interest rates for many and expanded access to credit. ...

Vehicle sales are running at a record pace, which means the car industry is willing to invest in new products and technology.

IT IS MORE than half a century old, but Mancur Olson’s book, “The Logic of Collective Action”, is still hugely influential. In a nutshell, the late economist argued that large groups of people will organise only if they have some particular incentive: many will simply “free-ride” on the efforts of ...

“THE PEOPLE HAVE voted for stability,” proclaimed President Erdogan after his party’s electoral landslide in November. The markets applauded, too. Istanbul’s stock index jumped and the Turkish lira rose against the dollar, both reversing long slides. Year-end indicators showed an upward trend in GDP growth, from a rate of around ...

WHEN THE AK party was founded in 2001, few would have predicted its success. Just four years earlier the army had intervened, for the fourth time since 1960, to depose an elected government, on this occasion an Islamist-led coalition. The Islamists were then banned, but the squabbling secularists that succeeded ...

Il ministro dei Trasporti australiano: "Dopo esami, quasi certo che i pezzi appartengano al MH370". Il velivolo era scomparso l'8 marzo 2014 con 239 persone a...