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The Potential: The development of a second high-speed rail network was originally proposed in 2009 by the Labour government at the time, led by Gordon Brown. Concerns began to arise over capacity constraints on the West Coast Main Line railway as they were increasing with the network projected to be at full capacity by 2025. Therefore HS2 Ltd was established to explore the possibility of … Continue reading HS2: The potential vs the reality
The electrifying world of professional sports brings all communities together, but beneath it lies a web of economic activities, that often go unnoticed. The NFL and NBA serve as two great examples of economics in sports, as the two most popular in the USA. The Spectacle of Salaries: The NFL operates under a salary cap system, with the 2022 cap set at $208.2 million per … Continue reading NBA and NFL economics
Henry George was a 19th century American economist who founded Georgism, or the movement for a single Land Value Tax. His ideas were immensely influential in his time, with his 1879 book Progress and Poverty selling millions of copies worldwide. But despite this Georgism is rarely discussed today, even though many of the questions he sought to answer are once again resurfacing. Should we tax income or wealth? … Continue reading Henry George and the Land Value Tax
Normally, I’d start articles like this with a brief overview of the topic or situation, in an effort to give the reader some background knowledge and ease them into the discussion. But Taylor Swift needs no introduction. Her ‘Eras Tour’ is forecast to be the highest grossing music tour ever. In fact, it’s already the second highest grossing tour of all time, and she hasn’t … Continue reading Taylor Swift and The Eras Tour
Since the late 19th Century the earth has warmed around 1.1 degrees Celsius, carrying huge consequences for ski resorts globally. Whilst some ski resorts at higher altitudes have been virtually unaffected by the increasingly warm climate, others have suffered considerably, most notably due to the decreased amount of snow and increased amount of rain. As a result, several knock-on effects have occurred, including shorter ski … Continue reading How has Climate Change Affected Ski Tourism?
Spain’s economic history has been a tapestry of conquest, exploration, colonization, and change. Over the centuries, the Spanish economy has evolved to take many different forms, from the glory of the Spanish Empire to its weakened state today. In this article, we will take a journey through time and explore the key periods and trends that have shaped Spain’s economic environment. The Age of Discovery … Continue reading The Evolution of the Spanish Economy
As the world rapidly adapts to huge technological advancements, the traditional way of handling money has completely transformed. The rise of cryptocurrencies and development of CBDCs (Central bank digital currencies) have sparked a financial revolution, shaping the future of financial systems worldwide. Cryptocurrencies are completely digital and can be used as an alternative form of payment. They are created using encryption algorithms that ensure their … Continue reading Cryptocurrencies and CBDCs – The Future of Money
Overview Between 1975 and 1990, one of the bloodiest civil wars in history took place in Lebanon which left more than 120,000 people dead. The war, fought between the Maronites (Christians), Sunni muslims and Shia muslims had no clear winner after fifteen years. This stalemate led to the current Lebanese government set-up where each religious group has parliamentary representation and parties are formed on religious … Continue reading Boom to Bust: The Lebanese Economic Collapse
In the weeks following Wednesday 16 September 1992, the Pound crashed 25% against the US Dollar. Dubbed ‘Black Wednesday’ or the ‘Sterling Crisis’, the chaotic events of that day would have a lasting impact on Britain’s economy, politics and relationship with Europe. But despite this fact, the causes and effects of the 1992 Sterling Crisis are still not widely understood among the general public today. … Continue reading Black Wednesday 1992: Lessons in Disaster
In the final quarter of 2021, India overtook the UK and became one of the world’s top 5 largest economics (amongst powerhouses such as the US, China, Japan, and Germany). Now the country is projected to be the 3rd largest economy by 2027 ($5.4 trillion GDP by 2025) and has the largest population, overtaking China in April 2023. It is interesting to witness how a former … Continue reading From Emerging Giant to Economic Titan: India’s Journey to #5
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