One dollar bill

“The Almighty Dollar” by Dharshini David

“The Almighty Dollar” is the BBC’s senior Economics correspondent Dharshini David’s first book. Published in 2018, the book focuses on following a single dollar from a transaction involving a radio in Walmart around the world and ends up visiting over 8 different countries. David uses a unique method to introduce common topics such as globalisation and trade. David’s book does lean towards the descriptive side, … Continue reading “The Almighty Dollar” by Dharshini David

Colin Coleman: “The South African Economy”

On Tuesday 22nd September, the Keynes Society was delighted to welcome, virtually, Colin Coleman for the first meeting of the term. Colin Coleman is an expert on South African affairs: after setting up the South African and sub-Sahara African enterprise for Goldman Sachs and serving as its CEO for 20 years, he was appointed senior fellow and lecturer at Yale’s Jackson Institute for Global Affairs. … Continue reading Colin Coleman: “The South African Economy”

An interview with Elliot Harris: UN Chief Economist

Elliot Harris is particularly notable for his studies on the African Continent, but is also more generally a very successful economist from who we all have a lot to learn as he presented his opinions on a number of issues facing the world today. What role do you think international institutions should be playing in guiding foreign and domestic policy, especially as the 21st century … Continue reading An interview with Elliot Harris: UN Chief Economist

Dubai intersection

The Dubai Property Market

A city whose name is synonymous with skyscrapers, luxury apartments, and residential villas, Dubai’s economic success has greatly depended on its ability to attract a large number of foreign residents, who make up 85% of the population. These individuals are encouraged to buy or rent property in the city, feeding a market which makes up 13.6% of the emirate’s GDP. However, property prices have fallen between … Continue reading The Dubai Property Market

Person in hazmat suit looking at corn

The Rise of GM Crops

As of 2016, the global economic benefits of genetically modified crops surpassed $150 billion. Considering the first engineered crop was developed by Calgene in 1994, this progress is simply incredible. Although having caused quite a stir when first released publicly, the farmers, and even consumers, have grown fond of these new innovations. It goes without saying that the latest scientific breakthroughs are rigorously tested, which … Continue reading The Rise of GM Crops

WW2 bombers in sky

Why we’re Living in the Golden Age of Peace

War and violence. Topics that, until the pandemic, we seemed to have been hearing more and more about day by day. The Syrian Civil War drags on, the insane barbarity of ISIS continues, and the Israelis and Palestinians continue to slug it out. It seems that we’re living in an ever more vicious world. However, this is a distorted reality: the truth is that we … Continue reading Why we’re Living in the Golden Age of Peace

Wind farm

Renewable Energy: Britain’s way back?

Britain’s economy has been the worst hit of all of the OECD economies (major developed economies) both before and during the lockdown period. Whilst other countries’ economies are now starting to recover, Britain is still in intensive care. There are a number of reasons for this situation. Firstly, a decade of austerity led to cuts in public spending which eroded public-sector infrastructure and good will. … Continue reading Renewable Energy: Britain’s way back?

Putin, Pipelines, and Football Finance

What do a Serbian football team, the Kremlin and Germany’s former chancellor have in common? They are all directly linked to Gazprom, a Russian natural gas company whose logo is gradually cropping up all over European football. Logo sponsorships aren’t just commonplace in football, they’re practically omnipresent. Even historic holdout Barcelona caved in 2011, plastering the Qatar Foundation across its kit. Clubs make an enormous … Continue reading Putin, Pipelines, and Football Finance

Banners saying no more austerity

Lessons from Austerity

In the wake of the 2007-2008 financial crisis, the UK underwent sweeping budget reforms, and almost every government agency saw extensive cuts. Alistair Darling announced in the start of 2010 plans by the Labour government of cuts “deeper and tougher” than Thatcher’s in the 1980s, and when the Conservative party was elected that year they made those cuts a reality. Yet a decade on, what was … Continue reading Lessons from Austerity