Thumbnail for Impact of automation on developing countries puts up to 85% of jobs at risk

Impact of automation on developing countries puts up to 85% of jobs at risk

01 Feb 2016

A new report from Citi and the Oxford Martin School explores the varying impact that automation of jobs will have on countries and cities around the world, in the near future and the coming decades. Technology at Work v2.0: The Future Is Not What It Used to Be builds on 2013 research by INET Oxford, Senior Research Fellow Carl Benedikt Frey, and Michael Osborne which found that 47 per cent of US jobs were at risk of automation over the next two decades, and on the first Technolog...

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Thumbnail for John Muellbauer gives evidence to Economic Affairs Committee on the UK housing market

John Muellbauer gives evidence to Economic Affairs Committee on the UK housing market

25 Jan 2016

Professor John Muellbauer of the Institute of New Economic Thinking at the Oxford Martin School gave evidence this week at The House of Lords Economic Affairs Committee, as part of its inquiry into the economics of the UK housing market. Taking place at the House of Lords, on Tuesday 19 January, the session considered a number of topics including whether increasing longevity, as opposed to immigration, is the biggest factor driving population growth in the UK; the impact of net migration on current and future...

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Thumbnail for Researchers forecast future technological costs, and find good news for solar power

Researchers forecast future technological costs, and find good news for solar power

25 Jan 2016

Can we predict what will happen to the cost of technology in the coming decades? Researchers at the Institute for New Economic Thinking at the Oxford Martin School have used Moore’s law to develop a forecasting model for the unit cost over time of any given technology. In their paper, How predictable is technological progress?, published in Research Policy, they describe how they then ‘went back in time’ to predict the future costs of different technologies from the point of their initial de...

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Thumbnail for Economics of the United Kingdom housing market inquiry

Economics of the United Kingdom housing market inquiry

18 Jan 2016

INET's Professor John Muellbauer to give evidence to the Economic Affairs Committee on the economics of the UK housing market.  For more information, visit the website: http://www.parliament.uk/economics-uk-housing-market/  

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Thumbnail for How predictable is technological progress?

How predictable is technological progress?

08 Jan 2016

Recently it has become clear that many technologies follow a generalized version of Moore's law, i.e. costs tend to drop exponentially, at different rates that depend on the technology. Here we formulate Moore's law as a correlated geometric random walk with drift, and apply it to historical data on 53 technologies. We derive a closed form expression approximating the distribution of forecast errors as a function of time. Based on hind-casting experiments we show that this works well, making it possible to collapse the fore...

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Thumbnail for Time for New Economic Models

Time for New Economic Models

04 Jan 2016

INET Oxford’s Professor J. Doyne Farmer and Professor Robert Axtell of George Mason University write in the Christian Science Monitor about why economic models failed during the financial crisis and how agent-based modelling and Big Data present possibilities for a new generation of models.   Read the article here.

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Thumbnail for Max Roser Wins “Chart of the Year”

Max Roser Wins “Chart of the Year”

22 Dec 2015

  INET Oxford’s Max Roser won the 2015 “Chart of the Year” award from the online magazine Quartz.  The chart, from Roser’s Our World in Data website, shows the proportion of people living in poverty over the past two centuries.   For the Quartz article click here.  

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Thumbnail for The Net-Zero Imperative

The Net-Zero Imperative

22 Dec 2015

Following the conclusion of the Paris UN Climate Summit (COP 21), INET Oxford’s Eric Beinhocker and Prof. Myles Allen of Oxford's Environmental Change Institute and the Martin School, published an op-ed in Project Syndicate calling for a decrease in all carbon emissions to zero before mid-century.  They argue that this is a necessary implication of the Paris agreement, where nations set a limit on warming of 1.5 to 2 degrees and agreed to a “balance” between emissions sources and sinks.  Ma...

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Thumbnail for Complexity Economics at the OECD

Complexity Economics at the OECD

18 Dec 2015

Earlier this year the Organization for Economic Cooperation and Development (OECD) launched an initiative called New Approaches to Economic Challenges (NAEC):  As the OECD describes it, "The starkness and magnitude of the recent crisis calls for a serious reflection to revisit policy approaches and build a new policy agenda for stronger, more resilient, inclusive and sustainable growth. The OECD initiative on New Approaches to Economic Challenges (NAEC) is a comprehensive organisation-wide reflection p...

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Thumbnail for INET Oxford researchers call for more credible systemic stress tests

INET Oxford researchers call for more credible systemic stress tests

11 Dec 2015

Prudent policymaking is not ‘bank bashing’ Banking regulation is not about ‘bank bashing’ but prudent policymaking, and stress tests cannot yet credibly assess the health of the financial system. This is what Prof. Doyne Farmer, Alissa Kleinnijenhuis and Thom Wetzer argued in today’s Financial Times. You can read the article here or by using the following link: http://on.ft.com/1lN4VDk One of the questions that drives the research at INET is “how do we make the global financi...

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Thumbnail for Working principles for climate-conscious investment decisions launched at Paris summit

Working principles for climate-conscious investment decisions launched at Paris summit

01 Dec 2015

  A group of climate experts, led by researchers from the Oxford Martin School, have launched a set of working principles for positive engagement between investors and companies that are carbon-intensive or engaged in fossil fuel extraction. The Oxford Martin Net Zero Carbon Investment Initiative launched its working paper, ‘Working Principles for Investment in Fossil Fuels’, at the French Assemblée nationale, on the first day of the UN COP21 climate negotiations in Paris. The ...

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Thumbnail for Lord Adair Turner Oxford Book Launch

Lord Adair Turner Oxford Book Launch

30 Nov 2015

Lord Adair Turner, Chairman of the Institute for New Economic Thinking  and  former Chairman of the UK Financial Services Authority visited the Oxford Martin Lecture Theatre on Tuesday 24 November for a well-attended INET Oxford event launching his latest book ‘Between Debt and the Devil: Money, Credit, and Fixing Global Finance’ (Princeton University Press). In introducing Lord Turner, Eric Beinhocker, Executive Director of INET Oxford, said ‘This book is the most holistic analysis of the crisis writ...

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