We (as in my family, not CGD) are in the process of moving into a new home, which involves a great deal of choice: choosing paint colours, tiles, locations for various bits of furniture. It’s normal in economics to consider more choice to be a good thing, but this assumes that we’re able to optimise...

In Australia and elsewhere, more and more homes are becoming uninsurable due to hazards intensified by climate change. This is a slow-cooker issue which will render some areas de facto uninhabitable, leading to gradual movement out of at-risk regions. Here’s a look at how the world responded to thes...