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The Making of Behavourial Economics: Review of "Misbehaving" by Richard Thaler

Review  -  Charmaine Tan Huan Yuen

A pioneer’s account of the paradigm shift in economics offers compelling insights for the contemporary scholar and practitioner alike.

Krugman, Wolf and the Roots of the Financial Crisis

Review  -  He Ruimin

Review of Paul Krugman's The Return of Depression Economics and the Crisis of 2008 and Martin Wolf's Fixing Global Finance

Policymaking for Real People

Review  -  Tan Yeling

An understanding of how human biases affect economic decision-making can significantly improve the design of public policy. A new book authored by Singapore’s policymakers explains.

Using the Tax System to Create New Resources Out of Thin Air

Opinion  -  Robert H. Frank

Cornell Professor of Economics Robert Frank believes a progressive consumption tax could cut down wasteful competitive spending without compromising public resources.

What We Didn't Know About Multigenerational Mobility: In Conversation with Gary Solon

Interview  -  Gary Solon

Better income data has uncovered surprising insights about income mobility and income inequality, says the noted researcher and economics professor.

Governance Through Adaptive Urban Platforms: The INSINC Experiment

Article  -  Jeffrey Siow, Balaji Prabhakar, Chng Kai Fong

Cloud and mobile technology meet big data and behavioural economics in LTA’s public transport experiment.

Implications of Prospect Theory on Road Pricing

Article  -  Anthony T. H. Chin

While the economic costs of traffic congestion are well documented, the effectiveness of economic instruments, such as road pricing, in containing traffic congestion is less clear. Prospect Theory, a leading behavioural model in experimental economics, may explain inelastic driver behaviour in response to road pricing during peak hours. It may also shed light on the phenomenon of consumers who continue driving despite its higher economic cost relative to other modes of transport.

Thinking Beyond the Crisis

Conversation  -  Conversation with Bradford DeLong

Noted economics historian and commentator Professor Bradford DeLong, traces the roots of the current crisis, and expresses confidence in the long-term resilience of the global economy.

Opinion: The Environment as Capital

Opinion  -  Dodo J. Thampapillai

Following the 2006 Stern report, global warming, climate change and the scarcity of basic resources have become dominant themes in policy forums concerning sustainable development.

Auctions, Market Experiments and Public Policy

Interview  -  Bart Wilson, Stephen Rassenti, Vernon L. Smith

A discussion with Professors Vernon L. Smith, Stephen Rassenti and Bart Wilson