Gentrification: the double-edged sword
Gentrification is often held as a sign of economic progress, improving living conditions, and a worthwhile use of public and private funds. As most world economies are now recovering steadfastly from the impact of COVID, projects from London to Seoul have promised to gentrify lower-income neighbourhoods, revitalizing previously derelict communities, increasing the tax base, and improving public safety. Yet, whilst gentrification is widely considered an … Continue reading Gentrification: the double-edged sword
How Ancient Rome Shows That Price Controls Don’t Work
UK inflation is running away, currently at 7% (CPI), the highest rate for 30 years. News reports are full of apocalyptic stories expecting the worst fall in living standards since records began in 1956. This is causing anxiety for all but the wealthiest. A recent poll by Opinium suggests 71% of voters would support price controls on essential goods, like food, clothing and transport. I … Continue reading How Ancient Rome Shows That Price Controls Don’t Work
An investigation into the finances of the Church of England
After Pope Clement VII refused to approve the annulment of Henry VII’s marriage to Catherine of Aragon, urged by the King, the English Parliament passed a series of acts that separated the English church from the Roman hierarchy. This was the first official establishment of the Church . Since then the Church of England has gone through many changes, its’ importance in the world fluctuating … Continue reading An investigation into the finances of the Church of England
The IKEA Effect: When Creation Leads to Overvaluation
When instant cake mixes were introduced in the 1950’s as part of a broader trend to simplify the life of the American housewife, housewives were initially resistant: the simplicity of the mixes made women feel self-indulgent for using them, and as a result, women weren’t able to enjoy the feeling of accomplishment which comes with the manual labour of baking a cake. In subsequent years, … Continue reading The IKEA Effect: When Creation Leads to Overvaluation
News Briefing – 27/06/22
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. UK Business & Economics International Business & Economics UK Politics International Politics Written by Philip Weaver and Rob Webb Continue reading News Briefing – 27/06/22
News Briefing – 20/06/22
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. UK Business & Economics 40,000 RMT staff at Network Rail and 13 train operating companies will walk out from Tuesday, causing widespread disruption for a … Continue reading News Briefing – 20/06/22
News Briefing – 13/06/22
We’ve summarised the top stories of the last week into an easily digestible briefing, so that you can stay up to date on what’s happening around the world. You can subscribe to receive the briefing in your inbox each week. UK Business & Economics Driving groups such as the RAC motoring group are calling for more help from the government as the cost to fill … Continue reading News Briefing – 13/06/22
How can governments make economic sanctions more effective?
Less than five years after sanctions were lifted from Myanmar, army generals conducted a violent coup that shattered democracy in the region. World leaders were shocked at this sudden turn of events and reinstated sanctions, which immediately received accusations of only being symbolic. This has recently become a common criticism against sanctions: according to the Peterson Institute for International Economics, only 34% of sanctions are partially successful, … Continue reading How can governments make economic sanctions more effective?
The future of the Penny
In a decimalised economy like the UK, one pence coins are often regarded as useless, and rarely spent on goods. Instead, they are given as change for products. In the 1950s, these pennies were important on a daily basis, providing the means for transactions such as buying milk and eggs, which roughly cost 3p and 8p respectively. This utility has been lost today due to … Continue reading The future of the Penny
Chaebols of South Korea
South Korea’s economy has a highly developed mixed economy. By nominal GDP, the country has the 4th largest economy in Asia and the 10th largest globally. However, there is something special about the South Korean economy that distinguishes it from others: it is dominated by chaebols. Understanding these chaebols is a necessity for anyone who aims to understand South Korean capitalism and society. The word … Continue reading Chaebols of South Korea
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