Category: Economics

Economics-driven content, perfect for students and teachers alike. Highly accessible and open to all.

Behavioural, Economics, International

Has Economics Run Out Of New Big Ideas?

Economics is often criticised for being a reactionary science that predicts nothing and only explains its mistakes (Rodrik, 2015). It is rarely credited with discoveries that help society; and in a random survey, most participants did not trust economists (Economics Network, 2017). Instead, economists are criticised for their resistance to change and for limiting the exploration of real-world practical policy solutions. Moreover, it is true … Continue reading Has Economics Run Out Of New Big Ideas?

Unknown's avatarZihan TianLeave a comment
Economics, International, Long Read, Politics

 Anarcho-Capitalism: Utopia or Pipe Dream?

In the modern world, we take it for granted that the government should play an essential role in economic and social affairs. The idea that society could ever function smoothly without the apparatus of the state seems preposterous. Indeed, there is good reason to believe this, as mainstream economists today would identify three broad areas of responsibility that the state holds in managing the economy. … Continue reading  Anarcho-Capitalism: Utopia or Pipe Dream?

Unknown's avatarEdgar BrownLeave a comment
Environment, UK

The Energy Question

The ongoing Energy Crisis has created unprecedented political, economic, and social distress in the UK. Some potential solutions exist to address the immediate issue of significant energy price rises. However, I believe that we must equally focus on implementing effective longer-term solutions to reduce the risk of a future, even more disruptive, energy crises. To do this, the UK needs to shift to a more … Continue reading The Energy Question

Unknown's avatarwilliammurraybruceLeave a comment
Business and Technology, Chart of the Month, Environment, Politics

Chart of the Month – August 2023

August’s Chart of the Month shows the number of Santander cycles hired from 2015, when Santander began sponsoring the scheme in London, to 2023. It shows long term growth, culminating in 2022’s record-breaking year of 11,506,889 hires. However, more recently, usage has been low and recovery has been slow. The Santander Cycle hire scheme is owned by the Transport For London (TFL), a government body … Continue reading Chart of the Month – August 2023

Unknown's avatarZihan TianLeave a comment
Asia, Chart of the Month, Finance and Markets

Chart of the Month – July 2023

July’s chart of the month shows how Japanese stocks have performed since COVID. In 2023 alone, the Nikkei 225 has grown by 30%, triple that of the S&P 500, and far exceeding the growth of most European indexes. The Nikkei is now only 20% off its peak in 1990, growing 6% in June. Investors must ask: have Japanese stocks at last recovered from a 30-year … Continue reading Chart of the Month – July 2023

Unknown's avatarthomasbpotterLeave a comment
Business and Technology, Chart of the Month, China

Chart of the Month – June 2023

June’s Chart of the Month highlights the stagnation in China’s manufacturing output after the pandemic. When China unexpectedly reopened at the beginning of 2023, many analysts expected an immense recovery. However, their forecasts have been disproven, particularly regarding China’s manufacturing activity, which has fallen after a slight increase (an index score below 50 indicates a contraction).  This is not because of a stunted reopening, but a … Continue reading Chart of the Month – June 2023

Unknown's avatarSean TanLeave a comment
China, Development

Chinese Economic Growth, Against All Odds

Today, China is an economic powerhouse with the second highest nominal GDP (after the USA) and the highest GDP PPP (when GDP is adjusted for prices in a country) in the world. Yet just over 40 years ago, in 1981, it had a nominal GDP lower than that of Canada, a country that had a population 40 times smaller than it. The nominal GDP per … Continue reading Chinese Economic Growth, Against All Odds

Unknown's avatarEtonomicsLeave a comment
Economics, International, UK, US

Trickle Down Economics

“An economic recovery, like a rising tide, will lift all boats. For many, maybe even most, it will lift by painful inches. Some boats, however, may be lifted faster and higher.”  So spoke President Ronald Reagan during his 1982 State of the Union address.  He promised growth for all, stimulated by tax cuts for the top earning bracket, allowing for money to “trickle” down socio-economic levels … Continue reading Trickle Down Economics

Unknown's avatarAlex Murray-BruceLeave a comment
Asia, Development

South Korea – Miracle on the Han River

The Korea of the early 20th century is unrecognisable compared to the South Korea we know today. During the first half of the 1900s the Korean economy was underdeveloped, lacking proper infrastructure, had limited industry, and was still an economy that was largely dependent on agriculture. The majority of the population was involved in farming, but they generally used outdated equipment resulting in low farming … Continue reading South Korea – Miracle on the Han River

Unknown's avatarBenji BushnellLeave a comment
Americas, Development

The Impact of Breaking Bad on Albuquerque 

‘My name is Walter Hartwell White. I live at 308 Negra Arroyo Lane Albuquerque New Mexico 87104. This is my confession.’ That’s perhaps the most iconic line from the award-winning show ‘Breaking Bad’. Breaking Bad was filmed from 2008 to 2013 in Albuquerque, New Mexico. Initially, director Vince Gilligan wanted to shoot in California, but after Sony bought the series, they requested a change of … Continue reading The Impact of Breaking Bad on Albuquerque 

Unknown's avatarLucas PinsentLeave a comment