Mostly Economics

Six commercial banks in the United Kingdom are authorised to issue their own banknotes, three in Northern Ireland and three in Scotland. The authorised banks are: Bank of Ireland (UK) plc; Bank of Scotland plc; Clydesdale Bank Limited; Northern Bank Limited (trades as Danske Bank in Northern Ireland); The Royal Bank of Scotland plc; and […]

C. de Beauffort and S. El Joueidi of Central Bank of Belgium write on central bank independence: Central bank independence is a defining feature of modern monetary policy frameworks. Yet independence is not a simple concept, but a multi-faceted one encompassing functional, institutional, personal and financial dimensions.  Functional independence concerns the existence of a clea...

Tyler Cowen speaks to Liaquat Ahamed on his Conversations with Tyler podcast: Liaquat Ahamed has spent years making central bankers into compelling characters. His 2009 book Lords of Finance won the Pulitzer Prize for its account of the bankers whose decisions helped cause the Great Depression; his new book, 1873: The Rothschilds, the First Great […]

Undercover Historian Beatrice Cherrier gives a historical perspective on Hall-Woodford Nobel Prize 2026: “This year’s prize is about stabilization” was the sentence with which Ellen Moons, Secretary General of the Royal Swedish Academy of Sciences, introduced the not-true-Nobel-but-Nobel-still prize for economics this morning (a physicist, she is the first woman to hold the posi...

A Teacher Writes to Students Series (81): The Commons Paradigm Annavajhula J C Bose, PhD Former (Economics) Professor, SRCC, DU The commons paradigm as a much needed societal vision is owed in recent times to the contributions of David Bollier. His own words communicate the power of this idea as follows: A commons arises whenever […]