Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption. Evan Davis approximationassumeassumption share on social
In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade. Evan Davis businesscomponentconsumer Change image and share on social
My instinct is to assume that we consumers are an inconsistent bunch. We like competition if it delivers low prices, but grumble if it delivers the bad news that prices need to go up. Evan Davis assumebadbunch Change image and share on social
Someday we'll look back on this moment and plow into a parked car. Evan Davis backcarmoment Change image and share on social
It's amazing, if you know what you want to say, how fast it is to write. Evan Davis amazefastwrite Change image and share on social
When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive. Evan Davis competitivecountryexchange share on social
Although being economics editor sounds impressive, it does not mean I actually edit anything. It mainly reflects two decades of title-inflation at the BBC, which has given ever more status to senior reporters, presumably because it is cheaper to do that than to offer higher pay. Evan Davis bbccheapdecade share on social
I rarely come away from presenting the 'Today' programme without some sense of regret. There is always some question that I should have asked, or some point that I should have made. This is annoying but not surprising. Perfection is hard to achieve in a three-hour live programme. Evan Davis achieveannoyask share on social
Nice guys finish last, but we get to sleep in. Evan Davis finishguynice Change image and share on social
Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology. Evan Davis behaviouralcallcusp Change image and share on social
