Kampala, Uganda | THE INDEPENDENT | Deputy Bank of Uganda Governor Dr. Michael Atingi-Ego has been named among the high-level panelists to headline Stanbic Bank’s annual Economic Outlook Forum slated for tomorrow at Kampala Serena Hotel. Held annually, this year’s forum will run under the theme “Uganda- A Tale of resilience …
Read More »Three revolutions economics needs
The underlying causes of current crises point to a need to reshape how economics is taught and practiced COMMENT | Edmund S. Phelps | Project Syndicate | The West is in crisis – and so is economics. Rates of return on investment are meager. Wages – and incomes generally – are …
Read More »First pineapple farm opens in Gaza
Khan Yunis, Palestinian Territories | AFP | Pineapples are being harvested in the Gaza Strip for the first time as part of efforts to help the impoverished Palestinian territory work towards food self-sufficiency. The fruit, for domestic sale, is grown in a 1,000 square metre greenhouse in the southern Gaza …
Read More »Venezuelans vote in crucial regional elections
Caracas, Venezuela | AFP | Venezuelans headed to the polls Sunday in regional elections seen as a crucial test for President Nicolas Maduro and the opposition alike after months of deadly street protests failed to unseat him. Public opinion surveys predicted that the opposition would win a majority of state …
Read More »US’s Thaler wins Nobel for ‘making economics more human’
Stockholm, Sweden | AFP | US economist Richard Thaler won the Nobel Economics prize on Monday for showing that economic and financial decision-makers are not always rational, but mostly deeply human. Bridging the gap between economics and psychology, Thaler’s research focuses on behavioural economics which explores the impact of psychological and …
Read More »China counts over 100 billionaires among top Communist legislators
Beijing, CHINA | AFP | China counts more than 100 billionaires among its top legislators, with 209 of the richest holding wealth nearly equivalent to Belgium’s annual GDP, according to a report released as the Communist Party’s annual parliamentary session started Friday. A key focus of the sessions is eliminating …
Read More »COMMENT: Economics and economic crises
COMMENT: By Paola Subacchi Once seen as modern witch doctors with exclusive knowledge, economists are now despised `experts’ Is the economics profession “in crisis”? Many policymakers, such as Andy Haldane, the Bank of England’s chief economist, believe that it is. Indeed, a decade ago, economists failed to see a massive …
Read More »Contract theory earns pair Nobel Economics Prize
Stockholm, Sweden | AFP | Two US-based academics won the Nobel Economics Prize on Monday for groundbreaking research on contract theory that has helped design insurance policies, executive pay and even prison management. Oliver Hart, a British-American economist, and Bengt Holmstrom of Finland “have developed contract theory, a comprehensive framework …
Read More »Hoe economics: From farmers to diggers
By Morrison Rwakakamba In due honesty, the hoe will and can never transform agriculture in Uganda but tractors will. The Uganda 2011/2012 budget has been exhaustively discussed, debated and reflected on in the wider media, blog dashboards, twitter, facebook, trading centres, bars, wedding meetings, saunas and sports clubs etc. Ugandans …
Read More »