What We Are Reading Today: Markets, State, and People by Diane Coyle

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Updated 16 January 2020

What We Are Reading Today: Markets, State, and People by Diane Coyle

While economic research emphasizes the importance of governmental institutions for growth and progress, conventional public policy textbooks tend to focus on macroeconomic policies and on tax-and-spend decisions. 

Markets, State, and People stresses the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. 

How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society’s sense of fairness?

Diane Coyle illustrates the ways economic ideas are the product of their historical context, and how events in turn shape economic thought. She includes many real-world examples of policies, both good and bad, says a review on the Princeton University Press website. 

Readers will learn that there are no panaceas for policy problems, but there is a practical set of theories and empirical findings that can help policymakers navigate dilemmas and trade-offs.


Egyptian actress Magda Al-Sabahi dies at 88

Her career spans for three decades. (AFP)
Updated 17 January 2020

Egyptian actress Magda Al-Sabahi dies at 88

DUBAI: Renowned Egyptian actress Magda Al-Sabahi died Thursday in her Cairo home, her daughter Ghada Nafa confirmed.

In 1956, Al-Sabahi founded her own film production company.

Her career spans for three decades. Before she retired from acting, Al-Sabahi appeared in over 60 films, however she notably known for her roles in “El-Naseh” in 1949, “Al-Ragol Allazy Ohebo” in 1962 and “El-Omr Lahza” in 1978.

In 1956, Al-Sabahi founded her own film production company. She was also elected as president of the “Egyptian Women in Film Association” in 1995.