Chart of the Month – September 2021
This month’s Chart of the Month shows the real (inflation-adjusted) monthly value of UK fish and shellfish exports, bound for EU destinations. It reflects the short-term and potential long-term impacts of Brexit on UK businesses. Over the last twenty years, fish exports to the EU have remained relatively stable. The spike in August 2003 is unexplained, although it may have been caused by an unexpected … Continue reading Chart of the Month – September 2021
Chart of the Month – August 2021
August’s Chart of the Month shows the proportion of English students in state-funded and independent schools who achieved A*-As, from 2014 to 2021. It highlights the pandemic’s impacts on education in the UK. In March 2020, the government cancelled public exams. Students instead received a centre assessed grade, based on what they most likely would have achieved. Grade inflation would be mitigated by statistical methodologies … Continue reading Chart of the Month – August 2021
Sir Tim Besley: “State Capacity and Economic Development”
The Keynes Society was delighted to virtually host Professor Sir Timothy Besley, a world-renowned economist in the field of development economics and development policy foundations. Professor Sir Besley is a professor of development economics at the London School of Economics and a fellow of All Souls College Oxford, having served on the Monetary Policy Committee of the Bank of England and as President of the … Continue reading Sir Tim Besley: “State Capacity and Economic Development”
The Great Deficit Robbery
Why regular and excessive government spending can contribute to low productivity, sluggish growth and asset price inflation. Continue reading The Great Deficit Robbery
NFTs: Art of the future?
The markets for cryptocurrencies are some of the most volatile and rapid growing markets in the world today. Bitcoin, the world’s best-known cryptocurrency has experienced peaks and troughs rarely seen before in economic history. Founded in August 2008 as a website, it was initially a place where people could trade digital tokens. Since then, the market for cryptocurrencies has grown exponentially, and now includes an … Continue reading NFTs: Art of the future?
Chart of the Month – July 2021
This Chart of the Month shows the price of the EU Emissions Trading Scheme (ETS). The EU ETS aims to reduce net greenhouse gas emissions within the EU. It is a market-based intervention. Greenhouse gases have made catastrophic weather events much more likely. This summer, we saw devastating floods across Europe, which killed over 300 people. In the US, wildfires torched almost 1.4 million hectares … Continue reading Chart of the Month – July 2021
Chart of the Month – June 2021
June’s Chart of the Month shows the daily value of takeaway sales in the USA over the last five years. The onset of COVID-19 last year cleared the chatter of diners from restaurants, replacing them instead with the frenetic hum of mopeds delivering meals. Sales of takeaway meals have ballooned, up 120% since the start of last year and – despite the gradual reopening – … Continue reading Chart of the Month – June 2021
News Briefing – 7/6/21
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. Business & Economics The G7 has struck an agreement to raise taxes on multinational corporations. This marks a significant development in negotiations that started in … Continue reading News Briefing – 7/6/21
News Briefing – 24/5/21
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. Business & Economics The UK has offered Australia a tariff-free trade deal, despite warnings that it could seriously damage British agriculture. The deal would remove … Continue reading News Briefing – 24/5/21
Forever blowing bubbles
Be fearful when others are greedy and greedy when others are fearful. – Warren Buffett Buffett uses this mantra every day, along with his two other ground rules for running his investment firm Berkshire Hathaway: Never lose money. Never forget rule number 1. So why does the 90-year-old legendary investor hold these core mantras? One possible answer can be found by considering the history of … Continue reading Forever blowing bubbles
