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Higher education refers to learning at universities or similar institutions, typically leading to a degree. It has long been a key driver of economic growth, offering individuals higher wages and better job security due to their higher perceived worth. However, with tuition fees rising and student debt reaching record levels, concerns are growing about whether a degree is still worth the cost. In the United … Continue reading The Economics of Higher Education
As the World Locked Down, AI Went Phishing The latest data from the Anti-Phishing Working Group (APWG), a global organisation dedicated to cybercrime prevention, shows that the number of newly discovered phishing sites jumped tenfold between 2020 and 2023, before dipping somewhat by mid-2024. Even so, the total remains much higher than before the spike. Phishing, in simple terms, is when online thieves pretend to … Continue reading AI Phishing
Thomas Malthus introduces his theory of population growth, which examines the relationship between the size of a population and the sustenance available to support growth, in his work An Essay on the Principle of Population. Specifically, it posits that population growth can be modelled by a geometric progression and food supply growth by an arithmetic progression. In other words, assuming the abundance of food is beyond … Continue reading The Malthusian Trap of Societal Collapse
People over Profits – the rise of Co-operative Economics in the UK Co-operative economics is a system of business rapidly emerging in the UK, guided by principles of shared ownership, democratic governance, and the equal distribution of profits. Unlike traditional shareholder-driven enterprises, co-operatives – otherwise known as mutuals – prioritise the welfare of their members and the communities they serve. The two main categories of … Continue reading Cooperative Economics
Why is the NHS in crisis, and can it be saved? For 75 years, the NHS has been a shining light for free at the point of service to use, universal healthcare. But, now, the National Health Service – a treasure of the United Kingdom – is in crisis. Waiting lists are up, A&E times are up, and its budget is ballooning. This has not … Continue reading The NHS in Crisis
An Introduction to Catastrophe Bonds and the L3C Catastrophe bonds (or cat bonds) are high-yield debt instruments used to raise money for companies in the insurance industry in the event of a natural disaster. A bond is a financial instrument in which the issuer (a government or company) sells bonds to investors, which gives the issuer capital, raising money. They pay the investor with regular … Continue reading Catastrophe Bonds
Introduction: In classical economics, individuals are assumed to be rational decision-makers. Rationality in this case means making choices that result in an optimal level of benefit or utility to the individual making the choice. This view, which is known as ‘homo economicus’, or the economic man, is the portrayal of humans as agents who are consistently rational and narrowly self-interested, and who pursue their ‘subjectively … Continue reading Nudges – A Dive into Behavioural Economics
Nvidia’s share price (NVDA) during a five-day period up to January 28th Source: Google Finance, 2025 On Monday 27th of January, Nvidia (NVDA) suffered a 17% fall in its shares, constituting a $592.7 billion drop in market capitalisation – the total value of company shares held by investors – from $3.5 trillion to $2.9 trillion and corresponding to a fall in share price from $142.62 to … Continue reading Chart of the Month: January 2025
The economic theory suggests that when central banks cut interest rates, bond yields decline. Interest rates are the annual return investors receive from a bond. If the central banks issue new bonds at a lower rates, existing bonds – which yield a relatively higher return – will be received with higher market demand, thereby driving up bond prices. Consequently, their yield, defined as the quotient … Continue reading The US Bond Market Puzzle: Higher Yields Amid Cuts
Freetown Christiania is an experimental self-governing community in Copenhagen, amidst the “hippie” counter-culture movement of defiance that characterised the time. Born in 1971 from the occupation of an abandoned military base, Christiania defies conventional economic norms, operating without private property and with a unique model of communal ownership and resource sharing. Over the past 50 years, it has evolved into a sustainable micro-economy that draws … Continue reading Christiania: Economic Lessons from Copenhagen’s Self-Governing Society
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