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Latest RLAB News

Below are the latest headlines for CEP and STICERD. For full coverage see the CEP News and Visitors Site and the STICERD News and Visitors Site

Spectator – Coffee House blog
The embarrassing role of economists on Brexit

A major impediment to clarity has been the weight of advice from what Michael Gove calls ‘organisations with acronyms’ suggesting that  a ‘no deal’ on trade will greatly damage the UK economy. Our careful and detailed re-evaluation of the reports issued by the Treasury, OECD, the LSE’s Centre for Economic Performance and others, shows that much of this was wrong. The key flaw in each case was the use of inappropriate benchmarks to judge the potential losses to the UK economy.

Asian Robotics Review
Looking to make a fortune investing in robotics?

Industrial robots are high-quality, productive workers; humans can’t match their output.  Because of these steel-collar workers and their peerless output—around the clock if necessary!—productivity gets a boast. Factory owners like the increase in productivity, low price and ROI of these workers, so they are buying ever more. Such mass productivity affects GDP. Georg Graetz of Uppsala University and Guy Michaels of the London School of Economics in their Robots at Work “found that, on average…the increasing use of industrial robots over the time period raised the annual growth of GDP by 0.37%. They compared this substantial growth to the boosts in productivity that occurred at the turn of the 20th century from steam technology.” The comparison was near identical.

Horticulture Week
Can UK fresh produce come out of Brexit ahead?

NFU Scotland’s Horticulture Committee chairman and Angus Soft Fruits (ASF) grower James Porter last month met UK Migration Advisory Committee chair Professor Alan Manning and Defra secretary Michael Gove to put the sector’s concerns over labour availability post-Brexit. "For a major soft fruit area like Angus, the importance of seasonal workers cannot be underestimated," he says. "There are only 1,400 long-term unemployed in Angus, yet ASF needs a seasonal workforce of 4,000 to pick crops."

Race Disparity Audit
launch of Ethnicity Facts and Figures website

The UK Government’s Race Disparity Audit website 'Ethnicity Facts and Figures’ was launched today, providing some previously unavailable data. CASE researchers were engaged in the developmental process of the Audit. Measuring inequalities within and between ethnic groups has been part of our previous work on the EHRC Equality Measurement Framework that Dr Tania Burchardt and Dr Polly Vizard helped to develop, and on the work of the National Equality Panel chaired by Professor John Hills.

Heat, greed and human need: climate change, capitalism and sustainable wellbeing
New book by Professor Ian Gough

Wednesday November 8th at 6.30-8.00 pm followed by a wine reception

Venue: Shaw Library at London School of Economics, London


Professor Ian Gough (Visiting Professor, Centre for the Analysis of Social Exclusion, and Associate, Grantham Research Institute, LSE) presents his new book (Edward Elgar 2017).

This book builds an essential bridge between climate change and social policy. Combining ethics and human need theory with political economy and climate science, it offers a long-term, interdisciplinary analysis of the prospects for sustainable development and social justice. Beyond ‘green growth’ (which assumes an unprecedented rise in the emissions efficiency of production) it envisages two further policy stages vital for rich countries: a progressive ‘recomposition’ of consumption, and a post-growth ceiling on demand.

Please book your place at this event using Eventbrite

Chair: Professor Dame Judith Rees, Vice-chair of the Grantham Research Institute on Climate Change and the Environment at the LSE

Discussant: Kate Raworth, Oxford University Environmental Change Institute; author of Doughnut Economics

Event hashtag: #HeatGreedHumanNeed

Economic Decisions Talk at the British Science Festival
Oriana Bandiera, Nava Ashraf, Maitreesh Ghatak

People aren't always as selfish as economists assume. This event was part of the British Science Festival held in Brighton in September 2017, and examined how our social preferences affect our decision making and explored the economic consequences.

The expert panel, including Oriana Bandiera, Nava Ashraf, and Maitreesh Ghatak, discussed how we can incorporate personal motivations into economic models and discussed the implications on the organisation of firms, the use of monetary incentives, and the delivery of public services.

You can listen to the discussion from this link