Author: Etonomics

Behavioural, Economics

The Economics of Procrastination

The Economics of Procrastination: Why You’ll Always Do Your Work at the Last Possible Second  You tell yourself you’ll write your essay tomorrow. But then it’s 4am, and suddenly you’re staring at a blank page. Procrastination isn’t just a poor decision, it makes no economic sense. Behavioural economics suggests we consistently prioritise the present over the uncertain rewards of the future. It encourages individuals to … Continue reading The Economics of Procrastination

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Development, Economics

Technological decoupling

For most of the last hundred years, globalisation felt inevitable — driven by technology that appeared to bring the world closer together. With the onset of the internet, supply chains became more complex and tightly interwoven, even between countries that wouldn’t traditionally see eye to eye, something that was seldom achieved by precursory trade systems. But lately, that momentum has started to shift. A growing … Continue reading Technological decoupling

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Finance and Markets, International

Gold Standard vs Fiat Money

Ever since the creation of money, when society disengaged from barter (trading goods with one another) and introduced a medium of exchange (money), humanity has most commonly tied the value of money to a commodity. For most of the first millennia, money was tied to silver or bimetallic standards. However these systems posed a significant number of problems, especially in times of economic crisis. As … Continue reading Gold Standard vs Fiat Money

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Development, Economics, Long Read, Politics, UK

JKP Entry: Can Austerity 2.0 Bring Back Growth?

Can Austerity 2.0 Bring Back Growth and Prosperity to the UK Economy? Introduction In October 2024, Chancellor Rachel Reeves announced a £40 billion tax increase, the largest since 1993, aiming to address the UK’s budget deficit and tackle the £22 billion ‘black hole’ from the Tories. Austerity refers to the policies aiming to reduce government deficits via spending cuts or tax hikes. Despite the Labour … Continue reading JKP Entry: Can Austerity 2.0 Bring Back Growth?

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Finance and Markets

The Economics of Prime Hydration

Prime Hydration is a range of sports and energy drinks, created by famous influencers KSI and Logan Paul. Since its creation, Prime has experienced a rapid rise to fame through intense celebrity marketing, mass sales, and a complete takeover of the beverage industry. For example, Prime Hydration surpassed Gatorade to become the most-sold hydration beverage at Walmart in 2023, selling 1 billion bottles as of … Continue reading The Economics of Prime Hydration

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Finance and Markets, Geography, International

The Bretton Woods System

The Bretton Woods System: a Blueprint for a Globalised Economy The Bretton Woods System was a set of international economic and financial agreements established in July 1944 during a conference in Bretton Woods, New Hampshire, USA, towards the end of WW2. The agreements intended to establish a renewed framework for the global economy, stabilise the international monetary system, and prevent economic conflicts such as protectionism … Continue reading The Bretton Woods System

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Book Reviews

Book Review: The Millionaire Next Door

The Millionaire Next Door by Thomas J. Stanley and William D. Danko is an analysis of millionaires in America. The study detailed the inner workings of their lives and consumption habits and compared them against other millionaires. The book entails how anyone of almost any income can amass considerable wealth if they spend and save correctly.  The American lie has remained prevalent for centuries: you’re … Continue reading Book Review: The Millionaire Next Door

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Americas, International, Politics

Trump’s Tariffs: Short Term Protection or Long Term Economic Risk?

Note: This article was written in March/April 2025, when the initial set of tariffs had been proposed.   Trump’s Tariffs: Short-Term Protection or Long-Term Economic Risk?  Introduction  On November 5th, 2024, Donald Trump was re-elected as President of the United States, triggering wide-spread impacts for the global economy. Almost immediately, he resumed his previous trade war with China and launched new tariff-based confrontations on Canada and … Continue reading Trump’s Tariffs: Short Term Protection or Long Term Economic Risk?

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Business and Technology, Europe, UK

The Economics of Concorde

Concorde. It dominated the skies for over a quarter of a century, and was the first, and for now, only, commercial supersonic jet. But in late 2003, still a technological marvel, Concorde left the sky for one last time. Even today, Concorde is put alongside the Apollo missions as one of the most technologically advanced projects this world has ever seen. Yet, despite halving the … Continue reading The Economics of Concorde

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Development, Economics, Europe

Lifting the German Debt Brake

Germany has a unique constitution. It was born from the ashes of the Second World War and is one of the only countries legally limiting government borrowing as a percentage of its Gross Domestic Product (the value of all the goods and services produced in a country in a year). Governments around the world spend a considerable amount of money every year on everything from health services … Continue reading Lifting the German Debt Brake

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