Category: Economics
Political Decentralization and its Economic Potential for Developing Countries
Reading Time: 5 minutes Introduction The fundamental question of politics is the distribution of political power in a society. Economists want a distribution of political power which best facilitates economic development and meets individuals’ […]
Should the EU Abandon the Euro?
Reading Time: 4 minutes On January 1st 1999, the EU unveiled their new currency to the world: the Euro. A currency that was supposed to promote economic growth, stability and integration, it has now […]
An Interview with Noam Chomsky
Reading Time: 19 minutes Professor Noam Chomsky is a world-renowned linguistic, philosopher and political activist. Currently Institute Professor Emeritus at the Massachusetts Institute of Technology, he has been the author of over 100 books […]
An Interview with Michael Spence, Winner of the Nobel Prize in Economics
Reading Time: 9 minutes I had the privilege of being able to interview Michael Spence, winner of the Nobel Prize in Economics in 2001. A professor at the business schools of New York University […]
“Good Economics for Hard Times” by Duflo and Banerjee
Reading Time: 3 minutes Good Economics for Hard Times is the second general readership publication of the husband and wife, Nobel-prize winning pair of Duflo and Banerjee. Their first book, Poor Economics, published in […]
The Bitcoin Bubble
Reading Time: 3 minutes In 2008 the first cryptocurrency Bitcoin was launched. While still providing a means for exchanges and the store of value, cryptocurrencies have the distinct advantage of being decentralised as opposed […]
Lessons from the crash and today’s trends in Western monetary policy
Reading Time: 5 minutes The coronavirus pandemic, and the ensuing economic crisis, has provoked unprecedented responses from policy makers, no more so than from central banks. The Federal Reserve’s major actions include purchasing up […]
Interview with Oliver Hart
Reading Time: 8 minutes Professor Oliver Hart is the Andrew E. Furer Professor of Economics Harvard University. He specialises in contract theory and the theory of the firm, having served as the President of […]
The Rationality of Irrationality
Reading Time: 4 minutes Reinhard Selten, 1994 Nobel prize and founding father of experimental economics, predicted that individuals wouldn’t play the conventional Nash Equilibrium in the Ultimatum Game, better known as a take-it-or-leave-it offer. […]
The Hyper-Digitalisation of Covid-19
Reading Time: 3 minutes “A reminder that the virus does not discriminate, we are all at risk.” These were the words UK Cabinet Office minister Michael Gove presented to the public when Prime Minister […]