Author: Etonomics

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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Geography, International

Low Fertility and its Economic Consequences

What are the causes and consequences of low fertility rates in advanced economies? How can we combat them?   Introduction  In this article, the aim is to explain and find ways to combat the main causes of low fertility rates in advanced economies: the cost-of-living crisis, the declining rates of child mortality and the empowerment of women, which encompasses both their higher education and the increased … Continue reading Low Fertility and its Economic Consequences

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Development, Economics, Finance and Markets, Long Read

Emerging Markets: Is the Risk Worth the Reward?

When considering a country’s economy there are two types: emerging and developing. An emerging economy is characterised by transition in the economy of a nation from a pre-industrial, underdeveloped economic environment into an industrially competitive one which exhibits some, but not all, of the characteristics of a well-developed economy. The term ‘emerging market’ was first used by Antonie Van Agtmael of the International Finance corporation … Continue reading Emerging Markets: Is the Risk Worth the Reward?

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Behavioural, Economics

Nash’s Equilibrium and Dating

The Dating Game and Nash Equilibrium: Why Most Don’t Find the Perfect Match  Love, Logic, and the Inevitable Bad Match:  Dating, as simple as it sounds, should be for people to meet, like each other, and form a perfect match. Reality, however, is rather messy—it is governed by strategic decision making and inefficiencies similar to those found in ‘game theory’.  Dating at Eton is one-sided and … Continue reading Nash’s Equilibrium and Dating

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Americas, Development, Economics, Latin America, Politics

Cuba’s Currency Crisis

How a dual system distorted the economy  For decades, Cuban people lived with two different currencies in their pockets: the CUP (Cuban National Peso) and the CUC (Convertible Peso). However, it was not always this way. Following the collapse of the Soviet Union, the CUC was introduced in order to stabilise the economy—but at what cost? Whilst the implementation of the CUC helped stabilise the … Continue reading Cuba’s Currency Crisis

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Asia, Behavioural, China, Economics

The Economics of Chinese New Year

“The Economic Impact of Chinese New Year: Growth, Disruptions, and Opportunities”  The Spring Festival, also known as Chinese New Year, just took place. It is not only a time of cultural celebration but a period of great economic activity in China. The impact on its economy is huge, affecting tourism, retail, manufacturing and also transportation.  The Spring Festival is one of the most celebrated annual … Continue reading The Economics of Chinese New Year

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Finance and Markets, International

The Google Antitrust Cases

The contrasting antitrust challenges faced by Google in the EU and the US highlight the different regulatory approaches to addressing Google’s monopoly in the markets of online search and digital advertising, specifically in areas like search engine services, search text ads, and ad exchanges. In Europe, the company has encountered fines totalling billions, often linked to long-standing concerns over market abuse. However, the EU’s recent … Continue reading The Google Antitrust Cases

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