This fits with the whole idea of network economics, best explained with the simple example of the telephone.

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Stephanie Flanders, the BBC's economics editor, explained to today presenter sarah Montague that even if David Cameron "lost" on getting the freeze that he will be looking for, the increase that would come into place over the next few years "is actually very small" in comparison to the increase that the UK has had to pay in recent years.

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Earlier generations understood this very well: Monopoly, the board game, was for example first developed as a game which explored and explained the economics of Henry George.

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My point here is that the subject is just completely ignored by the economics profession, and that this can be explained largely by the existence of bias.

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The researchers suggest that the relatively low life expectancies in the US cannot be explained by the size of the nation, racial diversity, or economics.

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