Category: Economics
Rent-seeking and Inequality
Reading Time: 5 minutes 26 billionaires own as much as the world’s poorest 3.8 billion people – perhaps unsurprising given how little the poor in developing countries own. Inequality is widely accepted as not […]
Why IP Laws Should Be Weakened
Reading Time: 4 minutes Intellectual property (IP) laws have gathered a lot of press recently, specifically in relation to the cost of drugs and healthcare, as well as the US-China trade war. There is […]
A Conversation with Professor Dave Donaldson on International Trade
Reading Time: 5 minutes TC: To begin with, I wanted to discuss industrial policy, which has seen a resurgence in the 2020 election cycle, whether that’s in the form of the Buy American plan […]
The Digitalisation of Cash: Key Impacts on the Developing World
Reading Time: 3 minutes Development in the third world is rarely incremental. Instead, countries are often able to skip a stage in the course of development usually taken by an economically advanced nation. A […]
Is GDP dead: What metric should we use to guide growth?
Reading Time: 3 minutes GDP has historically been the lens through which we viewed our success: a high GDP growth meant that the economy was booming and that lives were improving, while a drop […]
Comparing the Financial Response to the Coronavirus Pandemic to the 2008 Financial Crisis
Reading Time: 4 minutes Millions unemployed. The world in shock. Governments panicking. Both the financial crisis and the coronavirus pandemic left the globe reeling. Yet governments responded with their own bailout packages, their own […]
Protectionism: The Impact on a Country’s Development
Reading Time: 5 minutes Protectionist policies are typically exercised by countries in order to protect domestic industries from foreign competition. Protectionism is usually expressed in the form of tariffs on foreign imports, subsidies, regulatory […]
A Conversation with Professor Behrman on Development Economics
Reading Time: 4 minutes Professor Jere Behrman is the William R. Kenan Jr. Professor of Economics at the University of Pennsylvania. His work on the role of human capital in development has been incredibly […]
Why Private Schools should not pay VAT
Reading Time: 5 minutes The Labour party have always suggested that private schools start paying VAT for years, but this is a disastrous idea. Keir Starmer, the newly elected Labour leader said last month that […]
The Free Market vs Capitalism: A Case for Market Socialism
Reading Time: 4 minutes Capitalism and the free market, two ideas that over the last century have been conflated with each other to a point where they’re used interchangeably in mainstream politics. The issue […]