Finally got chance to read this brilliant book.

Highly recommend reading it.

Research by Centre for Economic Performance cep.lse.ac.uk/_NEW/PUBLICATI…

As Franklin Roosevelt said, 'Courage is not an absence of fear, but rather the assessment that something else is more important than fear.' entrepreneur.com/leadership/the…

Remarkably, of all items sold online in the US, about 40 per cent are sold by Amazon.
thetimes.co.uk/article/amazon…

Read about Amazon's emergence from the dotcom bubble in #greatcrashes @greatbookseries
amazon.co.uk/Great-Crashes-…

🔺 Just in: several governments have called on Iran and Israel to avoid further escalation. Follow for the latest updates.

🔓 This article is free to read

thetimes.co.uk/article/israel…

‘Tragedy of the horizon’:
political process only takes account of the present and near future, and hence fails to internalise the benefits of public adaptation for all future generations.
cepr.org/voxeu/columns/…

Britain’s unexpected departure from the gold standard increased its international competitiveness dramatically as the sterling effective exchange rate fell by 23% between the second and fourth quarters of 1931.
cepr.org/voxeu/columns/…
Read in #greatcrashes
amazon.co.uk/Great-Crashes-…

Evolution of inequality in Latin American – an inverted U-shape with inequality rising in most countries prior to (or during) the 1990s, and falling during the early 21st century, at least until the mid-2010s, when trends appear to diverge across countries
cepr.org/voxeu/columns/…

Research finds that tax hikes are associated with an important reduction in the vote share of the main governing party: On average, an austerity package worth 1% of GDP is associated with a reduction in the vote share of about 7%
cepr.org/voxeu/columns/…

Persistent crises in countries eg Syria, Afghanistan, Ukraine, Venezuela, Libya, Yemen: 1.4% of world’s population forcibly displaced by 2022, tripling the 0.4% in 1990. Developing countries host 75% of the world’s refugees, nearly half of them children.
cepr.org/voxeu/columns/…

A value of 100 indicates that a median-income household has exactly enough income to qualify for a mortgage loan on an average-priced home; above (below) 100 indicates that a household has more (less) than the qualifying income for a mortgage for a house.
cepr.org/voxeu/columns/…

“Nothing can now be believed which is seen in a newspaper. Truth itself becomes suspicious by being put into that polluted vehicle.' Thomas Jefferson, letter to John Norvell, 14 June 1807.
cepr.org/voxeu/columns/…

While the sanctions imposed a substantial cost in terms of expected future profitability, the Chinese government was able to shield the targeted entities from most of the direct effects, albeit at a considerable cost.
cepr.org/voxeu/columns/…

A closer look at data from the German Statistical Office also shows a clear correlation between income and the carbon footprint of households: As income rises, so do average carbon emissions.
cepr.org/voxeu/columns/…

The pandemic led to a significant shift in preferences toward suburban living in the US and an increase in relative house prices in suburban compared to urban areas, and was predominantly driven by high-income household migration in the US.
cepr.org/voxeu/columns/…

ECB research conclusion: Applying this calibration to the euro area, back-of-the-envelope calculations suggest that a limit close to €3000 per capita would be effective in managing excess demand.
cepr.org/voxeu/columns/…

In France, just under 35% of individuals from families in the bottom 1% of the income distribution enrol in higher education, and around 30% graduate, whereas these proportions are 90% and 80% respectively for individuals from families in the top 1%.
cepr.org/voxeu/columns/…

In 1979, when asked about the wealth accumulation among her family’s acquaintances and allies during the tenure of her husband, Imelda Marcos, the wife of the then Philippine president, responded: “Well, some are smarter than others”
cepr.org/voxeu/columns/…

Higher-education admission lotteries in the Netherlands: During the period from 1987 to 1999, admission to oversubscribed fields of study was determined by the results of centralised admission lotteries.
cepr.org/voxeu/columns/…

Delighted that the paperback version of Linda Yueh #greatcrashes @greatbookseries is out!

amazon.co.uk/Great-Crashes-…