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National Institute Of Economic And Social Research
The National Institute of Economic and Social Research (NIESR), established in 1938, is Britain's oldest independent economic research institute. The institute is a London-based independent UK registered charity that carries out academic research of relevance to business and policy makers, both nationally and internationally. The institute receives no core funding from government or other sources. The bulk of funding comes from research projects awarded or commissioned by a variety of sources, including government, all acknowledged in full in their published materials. The terms of their grants prohibit any involvement from funding bodies in determining or influencing content. Funders include government departments and agencies, the research councils (particularly the Economic and Social Research Council (ESRC)), charitable foundations, the European Commission, and the private sector. The institute is a partner with the ESRC's Centre for Macroeconomics), and also with the Ec ...
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Think Tank
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmental organizations, but some are semi-autonomous agencies within government or are associated with particular political parties, businesses or the military. Think-tank funding often includes a combination of donations from very wealthy people and those not so wealthy, with many also accepting government grants. Think tanks publish articles and studies, and even draft legislation on particular matters of policy or society. This information is then used by governments, businesses, media organizations, social movements or other interest groups. Think tanks range from those associated with highly academic or scholarly activities to those that are overtly ideological and pushing for particular policies, with a wide range among them in terms ...
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Jonathan Portes
Jonathan Portes (born 18 April 1966) is Professor of Economics and Public Policy at the School of Politics & Economics of King's College, London and a senior fellow at UK in a Changing Europe. Early life and education Portes is the son of Richard Portes, a Rhodes Scholar from Chicago. He earned a degree in mathematics from Balliol College, Oxford, and a master's degree in Public Affairs (Economics and Public Policy) at Princeton University. Career After joining HM Treasury in 1987, he held increasingly senior positions in the civil service, rising to be the chief economist at the Department for Work and Pensions and then the chief economist at the Cabinet Office under Gordon Brown. He left the civil service in 2011, after the Labour Party lost power to the Conservative-Liberal Democrat coalition government. Portes was appointed as the director of the National Institute of Economic and Social Research in February 2011. In October 2015, it was announced that Portes would step dow ...
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Economy
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain curren ...
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Macroeconomic
Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy's growth and stability. This includes regional, national, and global economies. According to a 2018 assessment by economists Emi Nakamura and Jón Steinsson, economic "evidence regarding the consequences of different macroeconomic policies is still highly imperfect and open to serious criticism." Macroeconomists study topics such as GDP (Gross Domestic Product), unemployment (including unemployment rates), national income, price indices, output, consumption, inflation, saving, investment, energy, international trade, and international finance. Macroeconomics and microeconomics are the two most general fields in economics. The United Nations Sustainable Development Goal 17 has a tar ...
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Paul Tucker (banker)
Sir Paul Tucker (born 24 March 1958) is a British economist, central banker, and author. He was formerly the Deputy Governor of the Bank of England, with responsibility for financial stability, and served on the Bank's Monetary Policy Committee from June 2002 until October 2013 and its interim and then full Financial Policy Committee from June 2011. In November 2012 he was turned down for the position of governor in favour of Mark Carney. In June 2013, Tucker announced that he would leave the Bank of England, and later that he would be moving to Harvard. He was knighted in the 2014 New Year Honours for services to central banking. His book, ''Unelected Power'', was published in May 2018. Early life Tucker was educated at Codsall High School, Wolverhampton, and graduated from Trinity College, Cambridge, where he studied maths and philosophy. Central Banking Career Tucker joined the Bank of England in 1980. From 1980 to 1989 Tucker worked in banking supervision; in corporate fin ...
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Charlie Bean (economist)
Sir Charles Richard Bean (born 16 September 1953) is a British economist and Professor of Economics at the London School of Economics. He was previously Deputy Governor for Monetary Policy at the Bank of England from 1 July 2008 until 30 June 2014. From 2000 to 2008, he served as Chief Economist at the Bank. Bean attended Brentwood School and Emmanuel College, Cambridge, and was a contemporary of the comedian Griff Rhys Jones at both and the writer, Douglas Adams, and the Member of Parliament (MP) Fabian Hamilton at Brentwood School. He gained his PhD at the Massachusetts Institute of Technology in 1981 with a thesis titled ''Essays in unemployment and economic activity'' under the supervision of Robert Solow. In 1990 he was visiting Professor at Stanford University in 1990, and then a lecturer at the London School of Economics, becoming a professor in 1990 and head of the Economics Department in 1999. He has published articles on European unemployment, the Economic and Mone ...
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Terence Burns, Baron Burns
Terence Burns, Baron Burns (born 13 March 1944), sometimes known as Terry Burns, is a British economist, made a life peer in 1998 for his services as former Chief Economic Advisor and Permanent Secretary to HM Treasury. He served as Chairman of Ofcom from 2018 to 2020, and is currently a senior adviser to Santander UK, non-executive Chairman of Glas Cymru, and a non-executive director of Pearson Group plc. He is also President of the National Institute of Economic and Social Research, President of the Society of Business Economists, ex Chairman of the Governing Body of the Royal Academy of Music, and ex Chairman of the Monteverdi Choir and Orchestra. On 5 November 2009 he was announced chairman Designate of Channel Four Television Corporation, succeeding Luke Johnson, who retired on 27 January 2010 following six years in the post. Government career His government service began as a member of the HM Treasury Academic Panel from 1976 to 1979, then Chief Economic Adviser to t ...
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Nicholas Crafts
Nicholas Francis Robert Crafts CBE (born 9 March 1949 in Nottingham, England) is Professor of Economic History at thUniversity of Sussex Business School a post held from 2019. Previously he was Professor of Economics and Economic History at the University of Warwick, a post he held from 2005. Previously he was a Professor of Economic History at London School of Economics and Political Science (LSE) between 1995-2005. He also teaches for the TRIUM Global Executive MBA Program, an alliance of NYU Stern, the LSE and HEC School of Management. His main fields of interest are the British economy in the last 200 years, European economic growth, historical data on the British economy, the Industrial Revolution and international income distribution, especially with reference to the Human Development Index. He has produced a substantial body of papers for academic journals, the British government and international institutions such as the International Monetary Fund. During the 1980s C ...
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Tim Besley
Sir Timothy John Besley, (born 14 September 1960) is a British academic economist who is the School Professor of Economics and Political Science and Sir W. Arthur Lewis Professor of Development Economics at the London School of Economics (LSE). He is also a commissioner on the National Infrastructure Commission, a Quondam Fellow of All Souls College, Oxford, and the director of the Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) at the LSE. In 2018, he served as president of the Econometric Society, and from 2006 to 2009 he was an external member of the Bank of England's Monetary Policy Committee. He won the 2005 Yrjö Jahnsson Award. Early life and education Born in Lincolnshire, Sir Tim Besley attended Aylesbury Grammar School and then studied at Oxford University, where he gained a BA in Philosophy, Politics, and Economics (PPE) with First Class Honours from Keble College, winning the George Webb Medley Prize for best exam perfo ...
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Diane Coyle
Diane Coyle (born February 1961) is an economist and a former advisor to the UK Treasury. She was vice-chairman of the BBC Trust, the governing body of the British Broadcasting Corporation, and was a member of the UK Competition Commission from 2001 until 2019. Since March 2018, she has been the Bennett Professor of Public Policy at the University of Cambridge, co-directing the Bennett Institute. Early life Coyle was born in Bury, Lancashire, and attended Bury Grammar School for Girls, where a teacher engaged her "very sceptical and mathematical" mind with the logical way of thinking required in economics. She did her undergraduate studies at Brasenose College, Oxford, reading philosophy, politics, and economics, before gaining an MA and a PhD in Economics from Harvard University, graduating in 1985, her thesis was titled ''The dynamic behaviour of employment (wages, contracts, productivity, business cycle)''. Career Coyle was an economist at the UK Treasury from 1985 to ...
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Kenneth Berrill
Sir Kenneth Berrill (28 August 1920 – 30 April 2009) was an English economist and public servant. Early life and education Born at Stoke Newington, London, Berrill was the son Stanley Ernest Berrill (1896–1984), a clerk at a men's outfitters, and Lilian May (née Blakeley). He won a scholarship to University College London to train as a geography teacher, working at Romford greyhound stadium in the evenings. He subsequently transferred to the London School of Economics, where he read economics, taking a degree in 1941, then served in the Royal Electrical and Mechanical Engineers during World War II. He returned to LSE, completing an MA in 1949. Career After taking his MA, Berrill was a fellow and bursar at St Catharine's College, Cambridge, moving in 1962 to King's, where he remained until 1969. At this time, he was developing a reputation as an economic adviser, including for the World Bank, OECD, and for overseas governments. In 1967, he was appointed a special ...
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Austin Robinson
Sir Edward Austin Gossage Robinson, (20 November 1897 – 1 June 1993, Cambridge, England) was a University of Cambridge economist. He was an undergraduate at Christ's College, Cambridge, and a fellow of Sidney Sussex College, Cambridge. A close associate of John Maynard Keynes, Robinson served as assistant editor during Keynes's time as editor of The Economic Journal; following Keynes's retirement in 1944, Robinson took over the joint editorship with Roy Harrod. He was at the centre of economic policy-making during and after the Second World War, holding posts in the Cabinet Office, the Ministry of Production and the Board of Trade. Robinson spent the postwar years working as a professor, editor, and economic adviser. In the course of his life, Robinson also served as a seaplane pilot during the First World War, and spent two years in the 1920s tutoring a Maharajah in India. Disillusioned after his service in the war, Robinson found Keynes's lectures on his ''The Econ ...
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