Newsletter Online January 2018

Online issue 180


Letter from France — Le Retour de Napoléon?
In his latest Letter, Alan Kirman looks at the implications for French politics of electng a President without a party background.


Economic Journal - Increased Impact Factor Result
In recent years it has been our practice to publish the annual reports from the editors of the Economic Journal and the Econometrics Journal in the January Newsletter. As a result of recent changes to the Society’s administrative calendar, we shall henceforth be publishing those reports in our April issue. In the meantime, members might be interested in this latest information about the EJ’s impact factor. The article was contributed by the EJ editorial office.

The costs of Brexit - already
Whether the decision by the UK to leave the EU turns out to be a wise one or not is a question for future generations. Even then, we can be pretty sure that economic historians will have plenty to argue about since the strict logic of the the answer involves an appeal to a counterfactual that cannot be known with certainty. That said, in the month before went to press, a number of reports and analyses were published that appeared to show that the effects of leaving have so far been negative.

New academic institute based at UCL
October 2017 saw the launch of the Institute for Innovation and Public Purpose at UCL.

The Royal Economic Society supports the CORE project
CORE is an international initiative created in 2013 as a response to concerns that the economics curriculum was becoming disconnected from the needs of learners, economics departments and employers, and also from the lived experience of potential students. The interactive online version is available both in desktop and mobile versions. The Newsletter has frequently reported on its progress, most recently in April last year (no. 177). Alongside the online ebook, there is now a paper copy of the text published by Oxford University Press.

House prices and the UK economy
The surveys carried out by the Centre for Macroeconomics (in conjunction with the Centre for Economic Policy Research) are intended to inform the public about the views held by prominent economists based in Europe on important macroeconomic and public policy questions.More information about the CfM can be found at

Statement from the RES Women’s Committee

Sir John Cowperthwaite and the making of Hong Kong
It is now twenty years since Hong Kong was handed over to China. At the time it was already one of the most prosperous nations on earth. Its per capita GDP is now 40 per cent higher than that of the UK. Much of its success is due to the role played by Sir John Cowperthwaite, deputy and then actual financial secretary until hs retirement in 1971. Neil Monnery explains.

Reaching out to schools
Rising numbers of students are studying economics at undergraduate level. Looking at who studies economics, however, there are some concerns about the diversity of the student body. This review of the problem and introduction to some recent initiatives comes from Sarah Smith.1


Brexit and the reporting of economic debate
In the October issue of the Newsletter we published a piece which focused again on the BBC’s reporting of economic views relating to the UK’s decision to leave the EU. The stimulus for the October article was the BBC’s treatment of an argument put forward by Patrick Minford and others focusing on the likely benefits of free trade. His arguments are set out below.

To Tax or not to Tax? or The Truth about Taxation
When UK public services are under severe strain and even the UK’s Health Secretary admits that the NHS is in serious trouble, Robert Neild argues that we shoul bite the bullet and pay more tax.


John Grieve Smith
Esra Bennathan
David Mayes

Page Options