The USS Gerald R Ford, the USA’s latest aircraft carrier, took more than eight years to build. In contrast, by 1945, the US Navy finished the production of an aircraft carrier every week. The US was the only allied country to emerge from the war with its economy not only intact but thriving, and the only economy which saw an expansion of consumer goods despite … Continue reading Bust to Boom: How the American economy thrived during WWII
After plenty of speculation, on the 28th of October Mark Zuckerberg announced a rebrand of Facebook and a rename to “Meta”. The change was complemented with a new corporate logo consisting of an infinity shaped symbol. Mr Zuckerberg explained that a name change was needed to reflect how much Facebook had evolved. The word “meta” derives from the Greek word meaning “beyond”, while the Merriam-Webster Dictionary … Continue reading Metaverse… The Future?
On the 31st of December 2019, the first report of Covid-19 was submitted by China to the World Health Organisation (WHO). Since then, the effects of the repeated loosening and tightening of preventative measures in the UK, including three national lockdowns, has seen unprecedented change in the UK’s economic performance. This comes on top of the disruptive influence of Brexit. There are twenty-one major economic … Continue reading Slide or Bounce? – The Post-Pandemic Prospects for the UK
In the 1950s, the American economist and statistician Simon Kuznets, as a result of his work on economic growth and income distribution, developed the Kuznets curve: a model which posits that as an economy develops, inequality first increases and then decreases. It was first proposed in a 1955 seminal paper. This hypothesis is expressed on a graph of inequality plotted against income (or GDP) per … Continue reading An Investigation Into the Kuznets Curve
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