National Economy
575 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Aman Kanwar
Scoop.it!

All this Covid confusion helps no one

All this Covid confusion helps no one | National Economy | Scoop.it
David Halpern's work on prosperity suggests that dividing the population on a health issue will not end well
Aman Kanwars insight:
An interesting contextual link between social capital and economic activity and wellbeing.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Coronavirus: How to understand the death toll

Coronavirus: How to understand the death toll | National Economy | Scoop.it
Scary figures have been put forward for the expected death toll - but are they quite what they seem?
Aman Kanwars insight:

This article highlights some of the problems that economists have to deal with routinely namely that decision making is improved ywhen you consider the opportunity costs of each decision. This is not so easy in a world of incomplete information and uncertainty.

No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Measuring Growth Democratically by Kemal Derviş

Measuring Growth Democratically by Kemal Derviş | National Economy | Scoop.it
For decades, gross domestic product has captured the attention of economists and policymakers around the world, offering a single, simple proxy for economic growth. Yet for all of its convenience, it is a poor proxy for human progress, and could easily be improved with a complementary metric that weighs citizens more equally.
Aman Kanwars insight:

An interesting proposal to present existing data in a slightly different way to measure the distributional impact of economic growth.

No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Regional policy requires rethink as myth of London's productivity debunked | Larry Elliott | Business | The Guardian

Regional policy requires rethink as myth of London's productivity debunked | Larry Elliott | Business | The Guardian | National Economy | Scoop.it
Does a doctor in England’s capital really work three times harder than one in Merthyr Tydfil?
Aman Kanwars insight:
This article shows why productivity data needs to be interpreted cautiously.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Never mind the Brexit sideshow – recession is the real worry | Larry Elliot | Business | The Guardian

Never mind the Brexit sideshow – recession is the real worry | Larry Elliot | Business | The Guardian | National Economy | Scoop.it
Markets are more jittery about the prospect of a downturn than May’s doomed deal
Aman Kanwars insight:

Note the connection between persistent low interest rates and the survival of zombie companies that leads to lower productivity in the longer term.

No comment yet.
Scooped by Aman Kanwar
Scoop.it!

UK hit peak wealth position on eve of Brexit vote - ONS | Inequality | The Guardian

UK hit peak wealth position on eve of Brexit vote - ONS | Inequality | The Guardian | National Economy | Scoop.it
High levels of inequality persist with top 10% owning almost half the total wealth, show figures
Aman Kanwars insight:
Note the data on the wealth Gini and the Income Gini for the UK. Also the figure of £12.8t as an estimate for the next national wealth.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

UK backs up Carillion contractor loans

UK backs up Carillion contractor loans | National Economy | Scoop.it
The British Business Bank will guarantee £100m lending to its contractors, the government says.
Aman Kanwars insight:
An example of govt intervention to promote competition by supporting small businesses (3.6.1 c on the Edexcel spec). In this case the govt is helping small businesses survive a short term crisis so that they are in existence in the long term to provide competition in the construction sector.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Brexit: why the UK economy hasn't led to buyer's remorse

Brexit: why the UK economy hasn't led to buyer's remorse | National Economy | Scoop.it
The recession meant to make leave voters regret decision has failed to materialise – with majority of people having moved on
Aman Kanwars insight:
This article brings a behavioural economics dimension to the current post referendum status on Brexit. Can you explain the behaviour of voters and firms as suggested by the article in a few sentences?
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

A hated tax but a fair one

A hated tax but a fair one | National Economy | Scoop.it
NO TAX is popular. But one attracts particular venom. Inheritance tax is routinely seen as the least fair by Britons and Americans. This hostility spans income brackets. Indeed, surveys suggest that opposition to inheritance and estate taxes (one levied on heirs and the other on legacies) is even stronger among the poor than the rich.
Aman Kanwars insight:
Inheritance tax can be an important policy tool to combat inequality. It can also be seen as denying us the freedom to dispose of the fruits of a lifetime's labour according to our wishes. What do you think?
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Is the growth in living standards worse now than in the Great Depression?

Is the growth in living standards worse now than in the Great Depression? | National Economy | Scoop.it
New data suggests life is getting tougher now for working-age adults than in the lost decade of the 1930s
Aman Kanwars insight:
Discuss the differences in the economic consequences of the Great Depression and the Great Recession.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Mergers and acquisitions often disappoint

Mergers and acquisitions often disappoint | National Economy | Scoop.it
WHEN you are the chief executive of a public company, the temptation to opt for a merger or acquisition is great indeed. Many such bosses may get a call every week or so from an investment banker eager to offer the kind of deal that is sure to boost profits.
Plenty of those calls are proving fruitful.
Aman Kanwars insight:
This article provides a perspective to evaluate mergers from, namely,
the personal incentives that the management of a company face to acquire companies leads to more M&A activity that is not inherently synergistic. The graph provides evidence for this.
After you read the article write a few sentences explaining what these personal incentives are.
No comment yet.
Rescooped by Aman Kanwar from International Economy
Scoop.it!

There is a magic money tree…in fact there are two | P2P Foundation

There is a magic money tree…in fact there are two | P2P Foundation | National Economy | Scoop.it

Let us have no more myths about the lack of magic money trees: they do exist – what matters is who owns and controls them. And it should be all of us


Via Nicholas Ripley, Aman Kanwar
Aman Kanwars insight:

An interesting way to look at how money - or claims on our resources - is created and distributed.

Do you agree with the claim that state magic money can be created free of debt?

No comment yet.
Scooped by Aman Kanwar
Scoop.it!

How to Build a Crisis

Banks and corporations are being liberated from the rule of law, and are ripping the world apart. By George Monbiot, published in the Guardian 4th November 2015   What have …
Aman Kanwars insight:
An interesting article that weighs the pros and cons of self regulation versus laws. You can use the conclusion as an evaluative perspective.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

The self-harm of Britain’s R&D policies - The Post

The self-harm of Britain’s R&D policies - The Post | National Economy | Scoop.it
Why does Britain have such an abysmal record on productivity? It’s complicated, but it’s not a complete mystery. In fact, the clues are glaringly obvious. There are several to be found in a must-read new report for NESTA by Tom Forth and Richard Jones. It’s all about public funding for research and development, which in [...]Rea
Aman Kanwars insight:

Apart from data that can be used as "application" this article provides an evaluative perspective for the reasons why UK's R&D investment has been so low. Focus on the last two paragraphs and bullet point at least 3 reasons mentioned.

No comment yet.
Scooped by Aman Kanwar
Scoop.it!

UK minimum wage to rise by four times rate of inflation | Society | The Guardian

UK minimum wage to rise by four times rate of inflation | Society | The Guardian | National Economy | Scoop.it
Employees over 25 will receive a 6.2% pay rise equating to £930 a year for full-time worker
Aman Kanwars insight:

An example of a policy that prioritises equity.

No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Lorem ipsum dolor sit er elit lamet, consectetaur cillium adipisicing pecu, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ull...

Description
Aman Kanwars insight:
Here is a list of jobs in public life in the UK that have so far never been held by a woman. Here is hoping that several of you will break some of these glass ceilings down.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

UK income inequality increasing as benefits cuts hit poorest | Inequality | The Guardian

UK income inequality increasing as benefits cuts hit poorest | Inequality | The Guardian | National Economy | Scoop.it
Average income of the poorest fifth of the population shrunk by 1.6% last year, says ONS
Aman Kanwars insight:

Some current context on inequality in the UK to use as application support to a line of argument.

No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Misconduct 'has cost UK's banks £53bn over 15 years' | Business | The Guardian

Misconduct 'has cost UK's banks £53bn over 15 years' | Business | The Guardian | National Economy | Scoop.it
Research shows that costs of PPI scandal alone have reached £37bn, four times the bill for the London Olympics
Aman Kanwars insight:
Plenty of application to support analysis on market failures in the financial markets.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Subscribe to read

Subscribe to read | National Economy | Scoop.it
Aman Kanwars insight:
An interesting article that gives examples of how our behavioural preference for the status quo prevents innovation from spreading quickly.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

How low can you go?

How low can you go? | National Economy | Scoop.it
Central banks disagree on the rate of inflation to aim for
Aman Kanwars insight:
After reading this article explain two reasons why an inflation target that is higher than 0% is desirable.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Slow economic growth is not the new normal, it's the old norm | Larry Elliott

Slow economic growth is not the new normal, it's the old norm | Larry Elliott | National Economy | Scoop.it
Only after the second world war did average growth top 2%. We must prepare for a fight to benefit from meagre spoils
Aman Kanwars insight:
Some good contextual data to evaluate the macroeconomic objective of growth.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

The fatal flaw of neoliberalism: it's bad economics

The fatal flaw of neoliberalism: it's bad economics | National Economy | Scoop.it
The long read: Neoliberalism and its usual prescriptions – always more markets, always less government – are in fact a perversion of mainstream economics
Aman Kanwars insight:

This is a great article to read at the end of your A level course to test your synoptic understanding of all the topics on the course!

What is the key message that you take away?

Use it to conclude an essay or a longer answer.

No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Higher taxes can lower inequality without denting economic growth

Higher taxes can lower inequality without denting economic growth | National Economy | Scoop.it
INEQUALITY is one of the big political issues of the 21st century, with many commentators citing it as a significant factor behind the rise of populism. After all, nothing could be more indicative of the triumph of the common man than the elevation of a property billionaire to the American presidency.
Aman Kanwars insight:
Interesting data to use in support of points that you wish to develop in essays on causes, consequences and policies to do with inequality and growth. Watch out for information on the turning point of the Laffer Curve!
Write a para on the the causal relationship between higher taxes and growth and why they might not dent economic growth.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

Productivity usually bounces back after a recession – why hasn't it?

Productivity usually bounces back after a recession – why hasn't it? | National Economy | Scoop.it

The decade-long flatlining of Britain’s economy has hit living standards – firms have to be weaned off plentiful, low-skill labour to invest in new kit

Aman Kanwars insight:
This article considers the argument that the plentiful supply of low waged labour can be an explanation for low macroeconomic productivity.
No comment yet.
Scooped by Aman Kanwar
Scoop.it!

With Grenfell Tower, we’ve seen what ‘ripping up red tape’ really looks like | George Monbiot

With Grenfell Tower, we’ve seen what ‘ripping up red tape’ really looks like | George Monbiot | National Economy | Scoop.it
Too often safety has been sacrificed to an agenda of deregulation backed by lobbyists: it’s time to put the public interest above corner-cutting and greed
Aman Kanwars insight:
Red tape is seen to be a bad thing by free market advocates as it is seen to impede market transactions. In LEDCs in particular it is used by bureaucrats and civil servants to extract a rent from market participants and is seen to provide an incentive for corruption.
This article reminds us that red tape does serve a function and reducing it without consideration of this function can produce bad outcomes.
No comment yet.