Economics for the Common Good

Two absolute groaners from @ChrisGiles_ to kick off this #economicsfest session with Jean Tirole. Top stuff.

#economicsfest is well good.

#economicsfest how the world works and how to make the world a better place - better than the A level definition

Delighted to be supporting Jean Tirole’s talk on ethics at @FestivalofIdeas #economicsfest

Best place for kids to learn Economics is World of Warcraft cc #economicsfest  https://twitter.com/dandolfa/status/931575775135961089 …

Moving on to two sided markets, @ChrisGiles_ is asking @JeanTirole about the news business, among others #economicsfest

Jean Tirole, Nobel laureate & global authority on the economics of regulation, @BenChu_ #economicsfest  http://www.independent.co.uk/news/business/analysis-and-features/a-view-from-the-top-jean-tirole-interview-price-caps-privatisation-nationalisation-regulation-a8047536.html …

I've been to 4 economics talks so far this week and not a single PowerPoint slide. Which is nice. #economicsfest

#economicsfest Jean Tirole explaining why comparison sites do not lead to lower prices  http://www.ideasfestival.co.uk/events/jean-tirole/ …

Why isn’t the best price guarantee on platforms like Booking good for consumers? Because fee to be on the platform is spread among *all* customers no matter how they book - @JeanTirole explains #economicsfest

Two-sided markets pose a big problem for anti-trust authorities - Uber,  http://booking.com  etc. risk getting monopolies on buyers and sellers @JeanTirole at #economicsfest

Will Brexit be bad for our trade? @JeanTirole starts with the non-tariff barriers, and ends ‘Good Luck!’ #economicsfest

#brexit will lead to lower purchasing power and greater monopoly power in UK, says Nobel prize winner @ #economicsfest

#economicsfest speaker is pro-EU. Such a shame. Doesn't understand liberation of Global Britain.

Tirole cites classic case of non-tariff barrier put up by France pre-EU. Now UK will face these again post-#brexit. Good luck with the negotiations, he says. @ChrisGiles_ says thanks... #economicsfest

The generation born in the 1950s should have taken better care of the future, says @JeanTirole #economicsfest (I agree!)

"France has wonderful education for the top 20%, but awful education for the bottom 80%" - @JeanTirole on the dangers of inequality #economicsfest

An economist’s guide to the real world, @MESandbu reviews Jean Tirole's new book, #economicsfest #EconomicsNobel  https://www.ft.com/content/2d27948e-c3b3-11e7-b2bb-322b2cb39656 …

How should economists talk about inequality - are the benefits from high house prices to do with personal buying and selling skills or just luck? @econcomms @FestivalofIdeas #economicsfest

#economicsfest. So much emphasis on inequality. This is not a problem, only poverty. Focus on what others earn is envious.

#economicsfest We need more international tax cooperation as we do in managing climate change. However hard.

"One of the dangers of Nobel Prize Syndrome is having an opinion on every economic issue, and even on issues outside of economics" - @JeanTirole #economicsfest

.@ChrisGiles_ doing great job of livening up session with rather grey Tirole delivery #economicsfest

"Most times people lose their jobs are not their faults, so we need generous unemployment insurance with some restrictions and retraining" @JeanTirole at #economicsfest

France needs a new social contract - protect the worker not the job, or there won’t be jobs any more, says @JeanTirole #economicsfest

"The north and east of France are not doing well, and we're seeing them turn to Le Pen - if you don't take care of the losers from globalisation, you get completely crazy politics" @JeanTirole #economicsfest

"Do you think the US is heading towards crazy politics?" - @ChrisGiles_ "I explain in my book why I don't want to get into politics... but there's a limit to that" - @JeanTirole #economicsfest

Jean Tirole could’ve succumbed to Nobel-prize-induced grandeur; instead he humbly defends his discipline, #economicsfest  https://www.economist.com/news/books-and-arts/21731100-jean-tirole-could-have-succumbed-nobel-prize-induced-grandeur-instead-he-humbly …

.@JeanTirole highlights the impact of effective communication... for good or bad @econcomms @FestivalofIdeas #economicsfest

.@JeanTirole argues the IMF should be allowed to intervene in Venezuela #economicsfest

“Sometimes experts need to do something, because it’s getting dangerous” (J Tirole, Nobel Winner, on rise of Populism) @FestivalofIdeas

The IMF tries to be a bad cop, but it has limited instruments to make a country more credible without hurting the poor - @JeanTirole at #economicsfest

Greece has suffered partly because of bad policies, but also because of a lack of trust. Without trust you don't get investment - @JeanTirole at #economicsfest

“We need solidarity, universal coverage and worker protection (not job protection)” - J Tirole, #economicsfest @FestivalofIdeas

The Germans are "right and wrong" - you can't kickstart the economy with 100% debt, but you can't run policies that will just return Greece back to square one - @JeanTirole at #economicsfest

Moral reasoning, markets & organisations - #EconomicsNobel laureate Jean Tirole @lindaunobel lecture, #economicsfest  http://www.mediatheque.lindau-nobel.org/videos/37265/moral-reasoning-markets-organisations …

"Undo Brexit" - @JeanTirole, 2017 (followed up with a very humble acknowledgement that it's far too easy to step into another country and tell them what to do) #economicsfest

The impact of tech change on the jobs market is going to be very severe says @JeanTirole #economicsfest

"Why is it that northern Italy subsidises the south? Why does west Germany subsidise the east?" Shared culture matters for encouraging people to be generous (which isn't necessarily a good thing) - @JeanTirole #economicsfest

Why do we behave differently from our self-interest? Jean Tirole interviewed on economics of ethics @voxeu, #economicsfest  http://voxeu.org/content/economics-ethics …