2020/21

Universal Basic Income – The Inevitable Future of Welfare

By Adam Curry Mark Zuckerberg , Martin Luther King Jr, and Milton Friedman: all three individuals are extremely successful and unique from each other. This is save for one common belief: the need for a universal basic income. Previous presidents such as Nixon and Carter attempted to implement versions, but with their failure came aContinue reading “Universal Basic Income – The Inevitable Future of Welfare”

Black Pound Day: Confronting Racial Bias and the ‘White Default’

By Deontaye Osazuwa On the 27th June 2020, the first ever Black Pound Day arrived. Twitter was quickly flooded by its hashtags and tweets encouraging the people of the UK to spend money on Black-owned businesses. The idea was created in the summer of 2020, which saw the death of George Floyd triggering a waveContinue reading “Black Pound Day: Confronting Racial Bias and the ‘White Default’”

Is It Time to Introduce a Maximum Wage?

By Georgia Kelsey Recent critical economic analysis continuously presents a barrage of literature surrounding the minutiae of a minimum wage. In the age of crippling austerity, a growing gap between rich and poor and a shameful rate of impoverished people, discussions about minimum wages are certainly not unfounded or unwelcome. The national minimum wage hasContinue reading “Is It Time to Introduce a Maximum Wage?”

Is Modern Portfolio Theory Past Its Sell-By Date?

By Oscar Miller One afternoon while reading in the University of Chicago library, American Economist Harry Markowitz began questioning the proposals of John Burr Williams in his book Theory of Investment Value [1]. Dubious about some of its assumptions, Markowitz began devising the basic components of Modern Portfolio Theory (MPT), which he would later showcase in his 1952Continue reading “Is Modern Portfolio Theory Past Its Sell-By Date?”

Project Big Picture: Foundations for a Bright Future or a Darker Forecast?

By Sam Jenkinson On the 11th of October 2020, details were leaked of the biggest proposed reshuffle in English football since 1992 when the top 20 clubs split from the rest and formed the Premier League. Almost immediately after the press broke the story of Project Big Picture (PBP), it came under fire from many acrossContinue reading “Project Big Picture: Foundations for a Bright Future or a Darker Forecast?”

Would Scrooge Play Secret Santa?

Nathan Waller (1st year Economics) “As hard and sharp as flint”:​ Charles Dickens’ character Ebeneezer Scrooge is the archetypal greedy, clever businessman. For this reason, he is of interest as a personification of ‘rational economic man’. Extending this idea, Scrooge’s priority is to maximise the amount of money, goods or services that he has access to.Continue reading “Would Scrooge Play Secret Santa?”

Why China Will Achieve Net-Zero Sooner Than Expected

Jack Roycroft-Sherry (1st year Economics) China’s “net-zero by 2060” promise in September of 2020 was unexpected. It baffled many commentators and had heads turning around the world. The claim does, at a glance, appear audacious. For one, China contributes almost a third of all carbon dioxide emissions worldwide. Remarkably, the growth of global emissions in 2019 wasContinue reading “Why China Will Achieve Net-Zero Sooner Than Expected”

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