The Football Transfer Market as a Case Study in Market Inefficiency
Introduction: The global football transfer market is one of the most well-known and dynamic marketplaces in the world. However, it is also one of the most inefficient. In 2023, Fifa reported that global transfer spending reached a staggering $9.63 billion, with English clubs alone responsible for nearly half of that total. In terms of economic-based theory, players should be allocated to the clubs that value … Continue reading The Football Transfer Market as a Case Study in Market Inefficiency
The Malthusian Model
Introduction The Malthusian Model was proposed by Thomas Malthus in 1798 in his book ‘An essay onthe Principle of Population’, with the goal of showing the dangers of excessive populationgrowth in a pre-industrial world, where the majority of economic activity was produced bythe agricultural sector. While this model may have been relevant in pre-industrial England,due to the huge technological development which has occurred in the … Continue reading The Malthusian Model
The Business of War: Inside the Military-Industry Complex
The concept of a Military-Industrial Complex (MIC) refers to the relationship between a country’s government, military, and defence industry, where political and economic interests become intertwined. The idea of a MIC arose in President Eisenhower’s Farewell Address in 1961, where he warned of its potential influence on national policy and democracy. “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought … Continue reading The Business of War: Inside the Military-Industry Complex
Pandemic Inequality in the UK
The crisis that was Covid-19 proved to be far more than just a global health crisis, the world witnessed unprecedented social and economic change. Governments imposed lockdowns and closed borders to control the virus; people were forced into social distancing and self-testing, and humanity’s primitive instincts took over as people panic-bought mass amounts of toilet roll and face masks. Covid-19 provided everyone with a shared … Continue reading Pandemic Inequality in the UK
The economics of influencer boxing
When you think of boxing today, the focus is not necessarily on the best in the world, but on those with the greatest number of followers. The difference is clear: Logan Paul vs. KSI 2 on November 9, 2019, sold 2 million pay-per-views. On the other hand, Oleksandr Usyk vs. Tyson Fury 1 (which was for the WBA, WBO, WBC, and IBF world titles) sold … Continue reading The economics of influencer boxing
The UK and Global Protectionism
How can the UK respond to global protectionism? The consequences of protectionism Since January of this year, $10 trillion [El Pais, 2025] has been wiped from the stock markets by the tariffs placed by the US, threatening to place the global economy in a negative feedback loop as trade restrictions heighten geopolitical tensions, triggering economic fallout among interdependent nations reliant on shared markets and industrial inputs, … Continue reading The UK and Global Protectionism
The Dot-Com Bubble
The late 1990s saw a revolutionary tech boom – the beginning of the internet. It was an era of thrilling innovation and optimism, with a promise of a “new economy” driven by advanced technology changing how things worked. Investors saw an opportunity in each new tech company and website, believing each one would be the next “revolution.” The psychology behind investing is complex, and many … Continue reading The Dot-Com Bubble
The Psychology of Marginal Utility
The first bite is often much more enjoyable than the fifth bite. We love and experience the way we eat. Everyone knows that the first bite of a snack is like a sweet dream or heaven, the next bite technically still has similar if not the same taste and satisfaction but the fourth or fifth bite is not giving you the same pleasure or satisfaction, … Continue reading The Psychology of Marginal Utility
The Paradox of Thrift
The Paradox of Thrift: When Saving Hurts the Economy Traditionally, saving money is seen as a positive action. Keeping money in reserve for emergencies and potential issues in the future is surely a good thing both for you and for those around you. However, this seemingly responsible and innocent action can have extraordinarily negative consequences for a nation’s economy and growth if savings reach excessively … Continue reading The Paradox of Thrift
Perfect and Monopolistic Competition
Perfect Competition vs. Monopoly: Who Really Sets the Price? In the real world, the pricing of goods and services can fluctuate wildly due to a plethora of economic and social factors. However, over time, economists have developed various models to simulate real-world pricing but in differing conditions; while there are, of course, multiple models, the two models that occupy opposing ends of the spectrum are … Continue reading Perfect and Monopolistic Competition
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