Law of Comparative Advantage
byThe debates about Brexit and President Trump’s trade machinations have demonstrated the blindness of otherwise intelligent people to the Law of Comparative Advantage. Let…
The Welfare State Has Failed
byBy Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Inflation or Employment
byInflationary fears are growing and US rates continue to rise Employment has become more flexible since the crisis of 2008/2009 Commodity prices have risen…
If GDP Lags, Watch the Economy GO
byThe Bureau of Economic Analysis will release its preliminary first-quarter growth figure on Friday. According to the Atlanta Fed consensus tracker, economists are predicting…
Where the US dollar is heading against the Euro?
byAfter closing at 1.051 at the end of December 2016, the price of the Euro in US dollar terms settled at 1.2321 at the…
Economics 101: Who Sets Prices?
bySince the advent of nineteenth century socialism, politicians and economists in the centre ground have argued for a balanced approach, where vital services are…
Why Keynesian multiplier is an illusion
byFor most economists and financial commentators the heart of economic growth is the increase in the demand for goods and services. It is held…
Excerpt from The Political Writings of Richard Cobden Part II
byIt will be seen that all which has been stated bears indirectly, but conclusively, upon the question of Russia and Turkey, and affords an unanswerable…
Excerpt from The Political Writings of Richard Cobden
byVolume I, Part II. Chapter IV. PROTECTION OF COMMERCE. I.7.1 WE began the preceding remarks upon a question which, however universally recognised in former…
I.T. bites
by“Mark Zuckerberg is now living out every young person’s worst nightmare: trying to explain how tech stuff works to the nation’s elderly.” Tweet by…