Econophysics

What is Econophysics?  Econophysics is an interdisciplinary field that combines concepts and methods from physics and economics to study complex economic systems. It applies statistical physics, network theory and other physical models to understand financial markets and the behaviour of economic agents.   History of Econophysics   The term ‘Econophysics’ was coined in 1995 by H Eugene Stanley in reference to the outrageously large number of papers … Continue reading Econophysics

The likely implications of sanctions on Russia

On 24 February 2022, Russia invaded Ukraine in a significant escalation of the Russo-Ukrainian War (which began In 2014); in response, several countries imposed economic sanctions on Russia. The sanctions saw the various countries introduce an oil embargo, financial sanctions and a freeze of Russia’s currency reserves. The purpose of the sanctions was twofold: to put pressure on the war effort and Putin by undermining … Continue reading The likely implications of sanctions on Russia

Terraced housing in the UK

Thatcher and the Right to Buy

Between 1945 and 1979, reducing unemployment remained one of the most crucial macroeconomic objectives of 20th century British fiscal policy. Keynesian economic policy was particularly influential in the period with both Labour and Conservative governments choosing to increase government spending as a part of demand-side strategy, all in the name of battling unemployment, stimulating growth in the economy and nationalising the commanding heights of industries.  … Continue reading Thatcher and the Right to Buy

Cyber Attacks and the UK Economy

With the world’s increasing reliance on technological and online infrastructure, a new potential battlefront has opened up from which certain groups can cause catastrophic damage to countries’ security and reputation. Cyber-attacks are gaining increasing publicity on the world stage, from the NotPetya attack on Ukraine in 2017 to ransomware attacks such as on Swissport in February, and not least, in Die Hard 4. The effects … Continue reading Cyber Attacks and the UK Economy