In contrast to the recent past, there is now widespread concern about the apparent excesses of some pay structures in corporate businesses. Top pay has risen much faster than average levels of pay in the last twenty years. This is in part the consequence of globalisation and developments in...

The seminal work on epidemiological models was carried out in the late 1920s and early 1930s. The models have developed substantially since, but their key drivers are those discovered nearly a century ago. Epidemiological models have real scientific value. However, any forecast made with them...

Throughout the COVID-19 crisis, governments have relied heavily on the advice of epidemiologists and health professionals, while economists maintained a low profile in policymaking. This paper illustrates how economic insights could have helped and would be essential in future pandemics. Its...

Spanish Abstract: Propongo una reforma radical y ramificada del plan de estudios. Aún se debería enseñar el modelo básico de comportamiento del agente de la economía tradicional, pues no es totalmente irrelevante para el mundo real. Pero solo debería ser una de las numerosas formas de...

Non-Equilibrium Social Science & Policy -- Economics -- Social Psychology and Narrative Economy -- Sociology and Non-Equilibrium Social Science -- Geography far from Equilibrium -- Cities in Disequilibrium -- The Evolutionary Theory of Globalization -- Systems, Networks, and Policy -- Towards a...

In the 1990s and 2000s, unemployment was seen, both by academic labour market economists and policymakers, as a short-run disequilibrium phenomenon. Policy was aimed at increasing the 'flexibility' of the labour market, at removing obstacles to the workings of the market, which would ostensibly...

By scientific standards, the accuracy of short-term economic forecasts has been poor, and shows no sign of improving over time. We form a delay matrix of time-series data on the overall rate of growth of the economy, with lags spanning the period over which any regularity of behaviour is...

We provide empirical evidence that in a social network which evolves over time, it is possible to extract deep information about the system from limited observations. In this paper, we consider a simple piece of readily available evidence on access to financial services by individuals in the UK....

Qualitative evidence suggests that heresy within the medieval Church had many of the characteristics of a scale-free network. From the perspective of the Church, heresy can be seen as an infectious disease. The disease persisted for long periods of time, breaking out again even when the Church...

The Internet is known to have had a powerful impact on on-line retailer strategies in markets characterised by long-tail distribution of sales [C. Anderson, Long Tail: Why the Future of Business is Selling Less of More, Hyperion, New York, 2006]. Such retailers can exploit the long tail of the...