COVID-19

Living with Covid-19: balancing costs against benefits in the face of the virus

This paper analyses the costs and benefits of lockdown policies in the face of COVID-19. What matters for people is the quality and length of lives and one should measure costs and benefits in terms of those things. That raises difficulties in measurement, particularly in valuing potential lives saved. We draw upon guidelines used in the UK for public health decisions, as well as other measures, which allow a comparison between health effects and other economic effects.

The Economy on Ice - Meeting the economic challenges during and after the COVID-19 crisis

The purpose of this article is twofold. Firstly, it argues that it is doubtful that the currently announced policies will achieve their targets while they create substantial obstacles to the recovery of the post-crisis economy. Secondly, it proposes an alternative plan that its aim is (a) to ensure that everyone in the UK has the means to survive the crisis and, (b) to facilitate economic recovery by preserving the productive capacity of the economy and, hence, its ability to sustain a high employment rate.