Category Archives: Economics

The Economic Possibilities of Our Grandchildren.

We find ourselves in similar times to those in which the Cambridge economist, John Maynard Keynes, (1883-1946) wrote his essay ‘Economic Possibilities for Our Grandchildren’ 1 (1930). It is an essay of predictions, unusually for ‘the master’, some of which … Continue reading

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Economic Concepts Applied to Football

Simple supply and demand For most sides in the Premier League there is excess demand, but perfectly inelastic supply. Whilst this is hardly ideal for these clubs, inequalities between supply and demand can be fatal for smaller clubs. Darlington Football … Continue reading

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The De Beers Diamond Deceit

‘Diamonds are forever’, well at least that’s what the De Beers Diamond Corporation would like to make you believe. Whilst the diamond industry is often seen as one of the most profitable markets ($72 billion-a-year retail business worldwide) in our … Continue reading

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Moyes’ Sacking – Football or Financial?

February 2014, David Moyes, at the helm of Manchester United F.C. for almost 7 months now, had been finding it increasingly difficult to replicate the high standards set by his predecessor, the legendary Sir Alex Ferguson. High profile losses to … Continue reading

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Why Globalisation Isn’t Perfect

Globalisation is the extent to which economic activity is able to transcend geography. In ancient times trade was limited to a neighbouring villages, then, with the invention of the wheel and the state, trade was able to happen across continents. … Continue reading

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Should we be worried about China’s economy slowing down?

China’s economy has slowed down to 6.9%, the lowest it has ever been since the 2008 financial crisis. Hit by the volatility in the stock market as well as weak economic data, the rate of 6.9% was slightly better than … Continue reading

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A History of Poverty in the UK

The way in which poverty is looked at, and dealt with, is a great factor in determining the shape and nature of the rest of society. It does not exist to the same extent as it has in the past, … Continue reading

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Why Automation Will Make Many of Us Poorer

You have surely noticed the self service checkouts in supermarkets, where there used to be five humans serving us we now have to make do with ten machines. While this might be the most apparent recent development with regards to … Continue reading

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Seeking Refuge: Why Britain?

Recent weeks have seen the ongoing migrant crisis in Calais accelerate with seemingly each night seeing more and more economic migrants attempt to storm the Channel Tunnel in hope of reaching the UK. Some merely try to hop onto the … Continue reading

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A Case for the Abolition of Cash

While the abolition of cash is not likely to happen in the foreseeable future, at least in the UK, the idea has been given some attention lately. Andy Haldane, the Chief Economist at the Bank of England, and Ken Rogoff, … Continue reading

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Capital in the Twenty-First Century and Its Critique.

A nation’s income comes from two sources; capital – that is, rent, interest and dividends – and wages from labour. Through the 20th century it was believed that the split between these was constant, at around 70% going to labour. … Continue reading

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The Death Of Facebook

Facebook faces impending doom according to a recent study by Princeton researchers, John Cannarella and Joshua Spechler, who have proclaimed that “Facebook will undergo a rapid decline in the coming years, losing 80 per cent of its peak user base … Continue reading

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The Economic Consequences of Mr Salmond

2014 is building up to be one of Great Britain’s most important years in recent memory. On the 18th of September 2014, Scotland will be asked whether they want to become an independent sovereign state. It is not often that … Continue reading

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Osborne’s Austerity Plans for UK – 4 More Years of Austerity!

Recently in the New Year, George Osborne informed us that we have made plans to further consolidate policies of austerity. In short, this means we will be put through approximately another 4 years of cuts in hope to reduce the … Continue reading

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How Containerisation has Revolutionised the Transportation of Modern World Goods

It’s now January, and Christmas is well and truly over. This year, we were spoilt for choice with all of the clothes, toys and electronics available in the shops. But where do they come from? How do they get here? … Continue reading

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