The Economics of Ozempic
The economics of Ozempic We’ve all heard of Ozempic at one point or another. Our favorite celebrities (including Oprah Winfrey and Elon Musk) use Ozempic/similar drugs daily. Ozempic, or Semaglutide, was originally a prescription drug for type 2 diabetes; however, it is now one of the most well-known weight-loss drugs, as it is known to actively reduce appetite and reduce body weight by 15%. Its … Continue reading The Economics of Ozempic
The Solow-Swan Growth Model
What is The Solow Growth Model? Also known as the Solow-Swan model, the Solow growth model is a foundational economic framework often used to explain and recognise trends in long-run economic growth. It does this by looking at factors like capital accumulation, labour growth and productivity increases (often driven by technological progress). Structure, Mathematics and Assumptions N.B. this model assumes constant returns to scale, exogenous … Continue reading The Solow-Swan Growth Model
The Dangers of a Cashless Economy
The Dangers of a Cashless Economy Historically, currency has always been physical; whether that be in the form of £20 notes, gold coins or farm animals, the exchange of value has almost always occurred through the exchange of tangible objects. However, as the world progresses, currency evolves with it and the 2000s have seen the rise of contactless payments, cryptocurrencies and digital money as the … Continue reading The Dangers of a Cashless Economy
News Briefing 30/09/25
UK Economics World Economics UK Politics World Politics Continue reading News Briefing 30/09/25
Capitalism and Social Welfare in Nordic Countries
As many advanced economies are struggling to balance changing demographic demand, inequality and free market capitalism, the Nordic countries – Denmark, Finland, Iceland, Norway and Sweden – are often held out as examples of successfully balancing capitalism and the social welfare needs of their societies. This is often attributed to “The Nordic Model” – a system which combines free market capitalism with strong social welfare, … Continue reading Capitalism and Social Welfare in Nordic Countries
Taxing the Ultra Rich
We’ve all heard of taxing the ultra-rich as the key to solving fiscal deficits around the world. Whether it be Bill Gates claiming that he should pay “significantly higher” taxes, or Warren Buffet advising that the government should “get serious about shared sacrifice”, taxing the ultra-rich at significantly higher rates has been debated throughout the last decade. But is it really the panacea for deficits … Continue reading Taxing the Ultra Rich
The Economics of MLB
Introduction: Throughout the late 20th century and the early 21st century, we have experienced the rapid commercialization of sports. A striking example was the recent IPL auction, where Rishabh Pant was sold to the Lucknow Super Giants for 27 crore ($3,122,490.09). Baseball has seen a similar financial boom, which can be attributed to its rapid increase in net worth. The Major League Baseball (MLB), founded in … Continue reading The Economics of MLB
Deadweight Loss
Deadweight Loss What is Deadweight Loss? Deadweight Loss (DWL) is defined as the economic inefficiency that may occur in a market due to a new policy/event in said market. This change creates a distortion in the natural supply and demand equilibrium (equilibrium is defined as the supply and demand for a product being perfectly equal) set by the free market; the DWL refers to the … Continue reading Deadweight Loss
Central Bank Independence
When the Bank of England was finally granted independence by the new Labour government in 1997, the Economist ran the headline, ‘Free at last’. This move belatedly joined a rapidly growing trend worldwide of governments granting central banks independence. By the end of the 20th century, central bank independence (CBI) had risen to around 80-90% (Chart 1), while the independence of these banks had also increased … Continue reading Central Bank Independence
Testing for Convergence in HICs
Economic growth, most often measured by the Gross Domestic Product (GDP) growth rate, is the engine that propels nations from poverty to prosperity. It is the driving force behind rising living standards, the creation of new opportunities, and the expansion of human potential. Yet, the question remains as to how this varies between nations. Will the long-standing economic giants always be ahead or will less … Continue reading Testing for Convergence in HICs
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