Bryan Caplan does not write to be popular. He writes not for causes he thinks are likely to win but for causes that deserve to win. I’ve reviewed almost all of his books: The Myth of the Rational Voter (2007), Selfish Reasons to Have More Kids (2011), The Case Against Education (2018), Open...
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The Professor
The true cost of a hamburger
The United States Federal Government spends $38bn every year subsidising the meat and dairy industries. Research from 2015 shows this subsidisation reduces the...
The Professor
Russia’s weaponisation of natural gas could backfire by destroying demand for it
In December 2006, The Economist magazine published a cover drawing of Russian president Vladimir Putin, dressed like a 1930s gangster in a dark suit and fedora hat, under the...
The Fund Manager
Is BAT’s 6.5% dividend yield sustainable long-term?
British American Tobacco (BAT) has been out of favour with investors since 2017 when its shares reached a record-high price of more than £56. Over the next five years, BAT’s...
The Professor
Learning street-corner economics in London
As an economics professor, one concern I have long had is that I don’t want to limit how I train students to manipulate mathematical expressions which are typically unknowable to...
The Fund Manager
The risk addiction
In the depths of addiction nothing else matters. The pursuit is focused, relentless and uncompromising – dismissive of any potential consequences. So what happens when the...
Residential Investor
What a £350,000 average house price means for first-time buyers in Great Britain
The average house price in Great Britain has risen above £350,000 for the first time, according to property website Rightmove. From 2021 to 2022, house prices in all regions and...
Investor's Notebook
More poison from Twitter
In response to Elon Musk’s all-cash takeover offer for Twitter, its board of directors has adopted a one-year shareholder rights plan to stop it. As Lucas...
Technology
Plan to become a ‘cryptoassets hub’ may just be the UK government hedging its bets
In a busy start to April 2022 for the British chancellor, Rishi Sunak announced his intention to make the UK a “global hub for cryptoassets technology”. Put simply, this means he...
The Professor
Putin’s Russia: people increasingly identify with the Soviet Union – here’s what that means
The view that the Russian president, Vladimir Putin, wants to restore territories of the Soviet Union has been a big part of the commentary on Russia’s invasion of Ukraine. But...