Supreme shop front

Explaining the Phenomenon Behind ‘Hypebeasts’

Supreme, Off-White, Palace, Nike – all part of a collection of “hypebeast” brands that have taken the world of modern fashion by storm through challenging the accepted value proposition of more conventional clothing brands. Supreme ‘bogos’, otherwise known as ‘box logos’ hoodies are an icon of streetwear which have online resell prices of over $500 even for the most basic models. So why are people … Continue reading Explaining the Phenomenon Behind ‘Hypebeasts’

Stock broker watching screens

Psychological Trading

The human mind is not built for financial business. Our archicortex (the oldest region of the brain’s cerebral cortex) can’t distinguish between life-threatening and non life-threatening situations. This has effects throughout the financial sector, especially trading. Unfortunately, the perfect rationality of the “homo economicus” is a lie: humans have always been known to be affected by emotions and biases. Richard Thaler, a Nobel laureate in … Continue reading Psychological Trading

The Economic Implications of Global Free Movement

The border has become the focal point of the 21st Century debate on globalisation. To some, it is an arbitrary boundary hampering efficiency; to others, the mainstay of security and prosperity.  What happens when these barriers fall? The economy lies at the heart of the migration conundrum and it is largely economic factors that motivate movement. Higher wages, better working conditions, greater availability of jobs, … Continue reading The Economic Implications of Global Free Movement

Basic income key on keyboard

UBI: A leap into the dark?

Universal Basic Income (UBI) is a government initiative consisting of an unconditional periodic payment to every adult citizen. UBI has been described as one of the most ambitious social projects in history that could reap countless benefits if implemented correctly. On a microeconomic scale it would lift every citizen above the poverty line, whilst on a macro scale it would act as a catalyst to … Continue reading UBI: A leap into the dark?

Front of federal reserve USA

Inflation Targeting: A flawed idea?

Since New Zealand’s adoption of an inflation targeting system to guide monetary policy in 1990, 25 other countries have followed suit. However, in the wake of the 2008 financial crisis, big-hitting economists such as Gregory Mankiw, Paul Krugman and Scott Sumner have proposed alternative methods, such as nominal GDP targeting and price-level targeting. The question the debate raises is two-fold: has inflation targeting brought prosperity, … Continue reading Inflation Targeting: A flawed idea?

Two heads facing each other made from cogs

Why IP Laws Should Be Weakened

Intellectual property (IP) laws have gathered a lot of press recently, specifically in relation to the cost of drugs and healthcare, as well as the US-China trade war. There is much debate over their purpose and success. This article will explore what IP laws are, what they aim to achieve, how they might be failing and how they can be improved. IP rights are a … Continue reading Why IP Laws Should Be Weakened

Astronaut in space waving

Space Tourism: Ready for Lift-off?

When most people think of space, they picture an inaccessible vastness that stretches further than they can fully comprehend. They think of Neil Armstrong, the International Space Station and NASA; or Soyuz and Yuri Gagarin. What could unite our perception of space though, is that it is primarily the domain of nation states, not individuals or companies. That may be about to change. In the … Continue reading Space Tourism: Ready for Lift-off?

Consequences of the Coronavirus

For the people of China and neighbouring regions, the end of January each year typically has a special place in their hearts, for Lunar New Year beckons. Yet this year, which has already been tainted by many a tragedy (such as Iran’s shooting down of a Ukrainian passenger plane), the dawn of February sees Asia captivated in a much scarier circumstance. Coronavirus, deriving from a … Continue reading Consequences of the Coronavirus

Negative Nominal Interest Rates

Central banks in developed economies face a strange monetary reality. Since the Global Financial Crisis, much of what economists thought they understood about inflation and economic growth no longer applies. The apparent link between low unemployment and inflation seems to have disappeared and the prolonged low interest rates of the past 12 years have been futile in promoting inflation. This unprecedented situation has resulted in … Continue reading Negative Nominal Interest Rates