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All posts by Ben Goree

Has the usefulness of the Phillips curve come to an end?

The Phillips curve’s assertion of a causal relation between economic growth, inflation and unemployment has been used as a navigation tool buy policy makers for decades. However, Ben Goree argues that less attention should be paid to a model which has become outdated since the rise of globalisation, despite the opportunities it offers for politicians with re-election bids.

Why the government must focus on happiness

“Gross National Happiness is more important than Gross National Product” proclaimed Bhutanese King, Jigme Singye Wangchuk of Bhutan, in 1972. Whilst a simple, this statement completely revolutionised governmental policy. Traditionally, governments solely focused on the economy, believing a strong economy enables them to achieve their