One or two Nowcasting models are saying Europe is actually growing faster than the US. Photograph: Thinkstock

One of the many paradoxes facing the practical economist is insatiable demand for economic forecasts alongside overwhelming evidence that forecasting (...)

The rise of robots will challenge many of our beliefs, not least our conviction that a good education is the best route towards prosperity. Photograph: Michael Nelson/EPA

At least one Nobel Prize-winning economist has predicted that the relationship between human beings and the world of work will resemble that between (...)

Central Bank: every banker knows that higher volumes of lending risks lower quality – the chance of loans not being repaid. Photograph: Matt Kavanagh

An unusually self-aware analyst once admitted that you can stare at an investment bank’s accounts “until your eyes bleed” – but you would still be non(...)

Apples and oranges: the comparison with “US poverty levels” is risible; one economy is at full employment, the other is not even close. Photograph: Thinkstock

The inequality debate is possibly one of the worst instances of statistical abuse since Pythagoras. The most recent outbreak saw commentators – who re(...)

According to Revenue, there will be 129,919 people earning over €100,000 this year.  Photograph: Joe St Leger

Populist politicians get away with murder when talking about their spending and tax promises; as soon as we get into details most people have tuned ou(...)

The smart money is clearly on a negotiated settlement, but only after a good bit of sabre-rattling. Photograph: Getty Images

It is said that the reason universities are such snake pits of political intrigue is that the stakes involved in most academic arguments are trivial. (...)

US president Barack Obama thinks Americans should start to pay death duties. Republicans in control of Congress are apoplectic. Photograph: Alan Betson/The Irish Times

Barack Obama will publish his latest budget proposals this week and will follow up his combative state of the union address with more proposals design(...)

European Central Bank president Mario Draghi. ‘Draghi may be like Napoleon’s favourite general: lucky.’ Photograph: Michael Probst/AP Photo

Quantitative easing has quickly become one of those strange phenomena about which everyone professes expertise but, in reality, nobody understands.(...)

Canadian prime minister Stephen Harper: few of his incremental reforms can be described as radical but taken together, over several years, they have amounted to an astonishingly successful centre-right revolution. Photograph: Ben Nelms/Reuters

According to the website of our new, as yet unnamed, political party, its first founding principle is “the building of an economy that supports entrep(...)

Someone has to pay for pensions. For the public sector and the State pension that someone is the taxpayer

A recent report in this newspaper about possible cuts to the State pension raised the hackles of the usual suspects. The drearily familiar response is(...)