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Richard Layard
Peter Richard Grenville Layard, Baron Layard FBA (born 15 March 1934) is a British labour economist, co-director of the Community Wellbeing programme at the Centre for Economic Performance at the London School of Economics, and co-editor of the World Happiness Report. Layard is an economist who wants public policy to be targeted at the wellbeing of the people. To this end he has written 6 books and some 40 articles. His work on mental health, including publishing The Depression Report in 2006, led to the establishment of the Improving Access to Psychological Therapies (IAPT) programme in England. Family and education Peter Richard Grenville Layard is the son of John Layard and his wife Doris. He was educated at Eton College, where he was a King's scholar; at King's College, Cambridge; and at the London School of Economics. Work Layard was Senior Research Officer for the Robbins Committee on Higher Education, and later developed a reputation in the economics of education ...
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The Right Honourable
''The Right Honourable'' (abbreviation: The Rt Hon. or variations) is an honorific Style (form of address), style traditionally applied to certain persons and collective bodies in the United Kingdom, the former British Empire, and the Commonwealth of Nations. The term is predominantly used today as a style associated with the holding of certain senior public offices in the United Kingdom, Canada, New Zealand, and, to a lesser extent, Australia. ''Right'' in this context is an adverb meaning 'very' or 'fully'. Grammatically, ''The Right Honourable'' is an adjectival phrase which gives information about a person. As such, it is not considered correct to apply it in direct address, nor to use it on its own as a title in place of a name; but rather it is used in the Grammatical person, third person along with a name or noun to be modified. ''Right'' may be abbreviated to ''Rt'', and ''Honourable'' to ''Hon.'', or both. ''The'' is sometimes dropped in written abbreviated form, but is ...
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King's Scholarship
A King's Scholar, abbreviated KS in the United Kingdom, is the recipient of a scholarship from a foundation created by, or under the auspices of, a British monarch. The scholarships are awarded at certain public schools and colleges in England. These include Eton College; The King's School, Canterbury; King's Ely; The King's School, Worcester; Durham School; and Westminster School, although at Westminster their name changes depending on whether the current monarch is male or female. Under Charles III, they are King's Scholars. Historical origins On 7 July 1317, King Edward II established the first King's Scholars at the University of Cambridge. On that date, a writ was sent from the king to the sheriff of Cambridgeshire stating that 12 boys from his household were being sent to study at Cambridge under the care of a master, and that the sheriff was to pay their expenses from the money he collected on the king's behalf. In 1440, King Henry VI established Eton College, origin ...
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David Cameron
David William Donald Cameron, Baron Cameron of Chipping Norton (born 9 October 1966) is a British politician who served as Prime Minister of the United Kingdom from 2010 to 2016. Until 2015, he led the first coalition government in the UK since 1945 and resigned after a 2016 United Kingdom European Union membership referendum, referendum supported the country's Brexit, leaving the European Union. After Premiership of David Cameron, his premiership, he served as Foreign Secretary (United Kingdom), Foreign Secretary in the government of prime minister Rishi Sunak from 2023 to 2024. Cameron was Leader of the Conservative Party (UK), Leader of the Conservative Party from 2005 to 2016 and served as Leader of the Opposition (United Kingdom), Leader of the Opposition from 2005 to 2010. He was Member of Parliament (United Kingdom), Member of Parliament (MP) for Witney (UK Parliament constituency), Witney from 2001 to 2016, and has been a member of the House of Lords since November 20 ...
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Jan-Emmanuel De Neve
Jan-Emmanuel De Neve (born 14 March 1979) is a Belgian economist and University of Oxford professor where he directs thWellbeing Research Centre He is also the KSI Fellow and Vice-Principal of Harris Manchester College, one of the constituent colleges of the University of Oxford. He is known for his research on the economics of wellbeing which has led to new insights into the relationship between wellbeing and income, productivity, firm performance, and economic growth. De Neve is the co-editor of the World Happiness Report, which is a publication of thWellbeing Research Centrein partnership with Gallup and the UN Sustainable Development Solutions Network. De Neve is also the co-founder of thWorld Wellbeing Movement De Neve currently guides the development of the world’s largest study on wellbeing at work in collaboration with the global job search site Indeed with over 25 million surveys completed so far. Their workplace wellbeing survey approach has been widely adopted ...
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Gus O'Donnell
Augustine Thomas O'Donnell, Baron O'Donnell, (born 1 October 1952) is a former British senior civil servant and economist, who between 2005 and 2011 (under three Prime Ministers) served as the Cabinet Secretary, the highest official in the British Civil Service. O'Donnell announced after the 2010 General Election that he would step down within that Parliament and did so at the end of 2011. His post was then split into three positions: he was succeeded as Cabinet Secretary by Sir Jeremy Heywood, as Head of the Home Civil Service by Sir Bob Kerslake (in a part-time role), and as Permanent Secretary in the Cabinet Office by Ian Watmore. Whilst Cabinet Secretary, he was regularly referred to within the Civil Service, and subsequently in the popular press, as ''GOD''; this was mainly because of his initials. In 2012, he joined Frontier Economics as a senior advisor. Background O'Donnell was born and raised in south London. Educated at Salesian College, Battersea, he read Econ ...
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David M
David (; , "beloved one") was a king of ancient Israel and Judah and the third king of the United Monarchy, according to the Hebrew Bible and Old Testament. The Tel Dan stele, an Aramaic-inscribed stone erected by a king of Aram-Damascus in the late 9th/early 8th centuries BCE to commemorate a victory over two enemy kings, contains the phrase (), which is translated as " House of David" by most scholars. The Mesha Stele, erected by King Mesha of Moab in the 9th century BCE, may also refer to the "House of David", although this is disputed. According to Jewish works such as the '' Seder Olam Rabbah'', '' Seder Olam Zutta'', and '' Sefer ha-Qabbalah'' (all written over a thousand years later), David ascended the throne as the king of Judah in 885 BCE. Apart from this, all that is known of David comes from biblical literature, the historicity of which has been extensively challenged,Writing and Rewriting the Story of Solomon in Ancient Israel; by Isaac Kalimi; page 3 ...
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Richard Easterlin
Richard Ainley Easterlin (January 12, 1926 – December 16, 2024) was an American economist. A professor of economics at the University of Southern California, he is best known for the economic theory named after him, the Easterlin paradox. Another of his contributions is the Easterlin hypothesis about long waves of baby booms and busts. Background Easterlin was born in Ridgefield Park, New Jersey, on January 12, 1926. He studied engineering at the Stevens Institute of Technology and graduated with a degree in mechanical engineering with Distinction in 1945. He then completed an MA in economics in 1949 and his Ph.D. in economics in 1953 both at the University of Pennsylvania.Richard A. Easterlin

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Happiness Economics
The economics of happiness or happiness economics is the theoretical, qualitative and quantitative study of happiness and quality of life, including positive and negative Affect (psychology), affects, well-being, life satisfaction and related concepts – typically tying economics more closely than usual with other social sciences, like sociology and psychology, as well as physical health. It typically treats subjective happiness-related measures, as well as more objective quality of life indices, rather than wealth, income or profit, as something to be maximized. The field has grown substantially since the late 20th century, for example by the development of methods, surveys and indices to measure happiness and related concepts,• Carol Graham, 2008. "happiness, economics of," ''The New Palgrave Dictionary of Economics'', 2nd EditionAbstract.Prepublicatio copy.br />  • _____, 2005. "The Economics of Happiness: Insights on Globalization from a Novel Approach," ''World Ec ...
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New Deal (United Kingdom)
The New Deal (renamed Flexible New Deal from October 2009) was a workfare programme introduced in the United Kingdom by the first New Labour government in 1998, initially funded by a one-off £5 billion windfall tax on privatised utility companies. The stated purpose was to reduce unemployment by providing training, subsidised employment and voluntary work to the unemployed. Spending on the New Deal was £1.3 billion in 2001. The New Deal was a cornerstone of New Labour and devised mainly by LSE Professor Richard Layard, who has since been elevated to the House of Lords as a Labour peer. It was based on similar workfare models in Sweden, which Layard has spent much of his academic career studying. Purpose The New Deal had, as its signature, the power to withdraw benefits from those who 'refused reasonable employment'. 'Workfare' in the UK can arguably be traced back to 1986, and compulsory 'Restart' interviews for claimants after a certain period, and as such the first int ...
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New Labour
New Labour is the political philosophy that dominated the history of the British Labour Party from the mid-late 1990s to 2010 under the leadership of Tony Blair and Gordon Brown. The term originated in a conference slogan first used by the party in 1994, later seen in a draft manifesto which was published in 1996 and titled '' New Labour, New Life for Britain''. It was presented as the brand of a newly reformed party that had altered the old Clause IV (which stressed nationalisation) and instead endorsed market economics. The branding was extensively used while the party was in government between 1997 and 2010. New Labour was influenced by the political thinking of Anthony Crosland and the leadership of Blair and Brown as well as Peter Mandelson and Alastair Campbell's media campaigning. The political philosophy of New Labour was influenced by the party's development of Anthony Giddens' Third Way which attempted to provide a synthesis between capitalism and socialism. The ...
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Stephen Nickell
Sir Stephen John Nickell, (born 25 April 1944) is a British economist and former warden of Nuffield College, Oxford, noted for his work in labour economics with Richard Layard and Richard Jackman. Nickell and Layard hypothesised that the tendency for reduced unemployment to lead to inflation resulted from its effect on competitive bargaining in the labour market He is currently a member of the Office for Budget Responsibility's Budget Responsibility Committee. Education Nickell was educated at Merchant Taylors' School, Northwood and the University of Cambridge where he was a student of Pembroke College, Cambridge and studied the Mathematical Tripos. From 1965 until 1968 he was a mathematics teacher at Hendon County School. He was a postgraduate student at the London School of Economics, where he was awarded a Master of Science degree and was awarded the Ely Devons Prize. Career and research Nickell worked at the London School of Economics from 1970 until 1984, and again from 1 ...
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Labour Economics
Labour economics seeks to understand the functioning and dynamics of the Market (economics), markets for wage labour. Labour (human activity), Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by demanding firms. Because these labourers exist as parts of a social, institutional, or political system, labour economics must also account for social, cultural and political variables. Labour markets or job markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers) and the demanders of labour services (employers), and attempts to understand the resulting pattern of wages, employment, and income. These patterns exist because each individual in the market is presumed to make rational choices based on the information that they know regarding wage, desire to provide labour, and desire for leisure. Labour markets are normally geographically bounded, but the rise of the internet ...
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