Category: Economics

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

Development, Economics, Finance and Markets

The Paradox of Progress

The Paradox of Progress – Why Technological Advances Aren’t Boosting Wages  Introduction  Technological advances have always been the main driver of economic growth and prosperity; major historical events such as the Industrial Revolution (1760-1830), and –more recently – the rise of the internet have brought around higher productivity, and with that, higher wages. However, although events past the 1980’s (such as the rise of artificial … Continue reading The Paradox of Progress

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Asia, Development, Economics, History, Long Read

Mapping India’s Economy

Mapping India’s Economy: Where It Is and Where It’s Going  “India’s economy is likely to stand firm in an uncertain world”, according to Goldman Sachs. Recently, the nation’s economic climb has been amid the centre of global discussions. Their $3.7 trillion GDP has now surpassed the UK, ranking fifth largest in the world. The quote deduces that in a world of corrupt governments and economic … Continue reading Mapping India’s Economy

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Development, Economics, International

The Economics of Higher Education

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

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Behavioural, Economics, International

AI Phishing

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

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Behavioural, Economics, UK

Cooperative Economics

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

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Development, Economics, Long Read

The Malthusian Trap of Societal Collapse

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

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Economics, Environment, Finance and Markets, International

Catastrophe Bonds

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

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Behavioural, Economics, International, Politics

Nudges – A Dive into Behavioural Economics

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

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Chart of the Month, Economics

Chart of the Month: January 2025

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

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