RES Newsletter Online April 2015

Issue no. 169

This corresponds to RES Newsletter (Print Version) no. 169 (April 2015)

Correspondence

Letter from America — Adverse selection emerges from the weeds
In his latest Letter from America, Angus shows how the opposition to healthcare insurance draws heavily on the concept of moral hazard while being curiously blind to adverse selection.

Features

Secretary-General’s Annual Report
The Secretary-General, John Beath, presented his final report to the Society’s AGM at the University of Manchester on Tuesday 31st March.

The Rise of Elitism in the Study of Economics: has it happened and does it really matter?
While the number of students studying economics in the UK has risen in recent years, this increase has been concentrated disproportionately in ‘old’ (i.e. pre-1992) institutions. James Johnston and Alan Reeves draw a detailed picture and speculate on whether this concentration of the discipline in more expensive, elite, institutions threatens to make economics a subject for the better off.

The Bank of England’s research agenda
In last July’s Newsletter, Stephen Millard described the Bank of England’s plans to increase contacts with academic economists. In the next key stage of this development, the Bank has now published a One Bank Research Agenda and an accompanying discussion paper. This article states the Bank’s key research themes as set out in the discussion paper.

What do we really know about the effects of free trade agreements?
In an earlier contribution to this Newsletter, Michael Joffe argued that economics should be based on evidence. Here he shows how not to do it.

Revisiting the State of Economics Education
As we reported in the April 2012 issue of the Newsletter (no. 157), the Royal Economic Society, the Bank of England and the Government Economic Service hosted a conference in February 2012 on the state of economics education. In this article, Alvin Birdi reports on a follow up event, hosted by the Economics Network and held at the Bank of England on Tuesday 17th March. The event was attended by over 140 academics, students, journalists, practitioners and policy makers.

Comment

Teaching economics
Margaret Stevens reflects on the debate over curriculum reform that we have featured in recent issues of the Newsletter.

...and a note from Diane Coyle and Simon Wren-Lewis on the same theme.

Obituaries

Frederis S Lee by Ioana Negru

Johannes de Villiers Graaff by Steven Koch and others

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