But Tory interest in Thaler has not stopped there. When he arrived in London last week to do some teaching, five senior Conservatives met him for more than an hour to discuss his ideas and how they might work together. Steve Hilton, the party's head of strategy and Cameron's chief ideas man, was there, as were director of research James O'Shaughnessy and Oliver Letwin, MP and head of the party's policy review. … [Read more...] about From Obama to Cameron, why do so many politicians want a piece of Richard Thaler?
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It later added: 'While there is not any jurisdiction by The Monarchy or Cabinet Office over the use of the word ‘Royal’ overseas, The Duke and Duchess of Sussex do not intend to use ‘Sussex Royal’ or any iteration of the word ‘Royal’ in any territory (either within the UK or otherwise) when the transition occurs Spring 2020.' … [Read more...] about The Queen doesn’t own the word ‘Royal’ and we will KEEP our HRH prefixes, say Prince Harry and Meghan Markle: Couple’s extraordinary claim as they complain about their treatment in sour statement after Her Majesty forced them to drop ‘Sussex Royal’
Let me explain what I mean. Richard Thaler is one of the world's top behavioural economists, who studies how people actually make decisions rather than how the classic economic models say they make them. As such, he has led the way in pointing out that much of what conventional economics thinks about individual behaviour, and how markets and economies work, is just a bunch of sloppy generalisations. While shopping, working, or even deciding on who to share their lives with, individuals are less thoughtful and less calculating than modern-day economists and politicians typically assume. … [Read more...] about Cameron’s hijacking of Nudge theory is a classic example of how big ideas get corrupted
Novelist Dave Eggers likewise sensed the appeal of Trump’s “crazy shit” to a people fed on years of political correctness and “inappropriate” language. His populism was that of the bar room rather than the Tea Party. He was what the sociologist Daniel Boorstin called “the celebrity as pseudo-event, his relation to morality and even reality highly ambiguous”. His son called him “a blue-collar worker with a bank balance”. … [Read more...] about Be calm: Trump is not the worst and won’t go unchallenged
Behavioural work was undertaken by Tony Blair; under Gordon Brown the emphasis shifted to changes in the law and regulations. The aim of the unit, strongly supported by George Osborne, is to explore ways of encouraging citizens to behave in social ways relying on market incentives, as opposed to regulations. The initial work of the unit will be focused on areas such as public health issues such as obesity, alcohol intake or organ donation. … [Read more...] about David Cameron’s ‘nudge unit’ aims to improve economic behaviour