Economic growth has been a key area of study for Economists. Various models and theories have been developed to explain how and why economies flourish; notably, Adam Smith’s idea that growth arises from the division of labour. By simplifying multistage tasks into smaller, simple components, one can accomplish it quickly. Workers may also find faster or more efficient ways to complete their tasks, increase productivity, … Continue reading Where Does Growth Come From? Romer, R&D, and the Limits of Ideas

Whether you live in America or not, you have likely heard of the astronomical fees that the US healthcare system currently charges its users. In fact, the issue has gotten to a point where 23% of individuals who have required immediate healthcare refuse to call emergency services to avoid being charged for the $3500 it would cost to call advanced care without insurance. What has … Continue reading The US healthcare system: Why is it so flawed?

What is Universal Basic Income? Universal Basic Income (UBI) is a form of economic policy where each citizen or resident of a state receives a regular, unconditional amount of money in order to cover basic living expenses. While this idea may initially bear some resemblance to welfare benefit systems present in many modern day developed economies, the key difference to note is that, in theory, … Continue reading Universal Basic Income: a dream or realist solution?

Introduction:   Startups are a key part of the global economy. They capture imagination, innovation, and talent, as well as collecting vast amounts of capital from investors. However, most startups fail and don’t survive long enough to deliver lasting returns. In 2024 alone, $314 billion was invested globally into startups (according to data from Crunchbase), with over 50% of this activity coming from the United … Continue reading The Economics of Startups: Why so many fail despite massive investment