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
When the steam engine transformed industry in the 19th century, economists redefined how they measured growth and economic productivity. Today, two centuries later, artificial intelligence poses a similar challenge, except now the developments and changes come from AI algorithms and not machinery or infrastructure. The world of AI automation is growing rapidly and is enabling people to fully automate tasks that were once performed by humans. … Continue reading AI and the Labour Force
Stock Market Indices, commonly referred to as the barometers of the financial world, have long been utilized by investors and economists, who believe that their movements can provide insight into the broader economy. These indices such as S&P 500, Dow Jones Industrial Average (DJIA) and NASDAQ Composite are widely considered as the key indicators of overall market performance and can be seen as valuable tools … Continue reading Are Stock Market Indices effective in Predicting Economic Trends?
The Potential: The development of a second high-speed rail network was originally proposed in 2009 by the Labour government at the time, led by Gordon Brown. Concerns began to arise over capacity constraints on the West Coast Main Line railway as they were increasing with the network projected to be at full capacity by 2025. Therefore HS2 Ltd was established to explore the possibility of … Continue reading HS2: The potential vs the reality
Following Vladimir Putin’s invasion of Ukraine, how has the Ukraine War conflict impacted global economic recovery? Joko Widodo, the Indonesian president, opened the G20 meeting by warning of the risks of the crisis to Ukraine on the global economy, “This is not the time for rivalries and creating new tensions that disrupt the… recovery, let alone endanger the safety of the world, as is happening in Ukraine,”. … Continue reading How has the Ukrainian Conflict Impacted Global Economic Recovery?
The electrifying world of professional sports brings all communities together, but beneath it lies a web of economic activities, that often go unnoticed. The NFL and NBA serve as two great examples of economics in sports, as the two most popular in the USA. The Spectacle of Salaries: The NFL operates under a salary cap system, with the 2022 cap set at $208.2 million per … Continue reading NBA and NFL economics
Henry George was a 19th century American economist who founded Georgism, or the movement for a single Land Value Tax. His ideas were immensely influential in his time, with his 1879 book Progress and Poverty selling millions of copies worldwide. But despite this Georgism is rarely discussed today, even though many of the questions he sought to answer are once again resurfacing. Should we tax income or wealth? … Continue reading Henry George and the Land Value Tax
Normally, I’d start articles like this with a brief overview of the topic or situation, in an effort to give the reader some background knowledge and ease them into the discussion. But Taylor Swift needs no introduction. Her ‘Eras Tour’ is forecast to be the highest grossing music tour ever. In fact, it’s already the second highest grossing tour of all time, and she hasn’t … Continue reading Taylor Swift and The Eras Tour
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