Blog posts

Applying game theory 20 October 2021

The American economist John Nash is a central figure in the application of Game Theory in Economics. In 1994 he won the Nobel Prize in Economics for his PhD thesis which set out the definition and properties... more

The cost of energy 11 October 2021

The world price of natural gas has increased from $2.50 per unit to $5.60 per unit over the last 12 months – an increase of 124%. Like a price ‘spike’ in most markets, the cause of the increase... more

The wacky plan to pay off US national debt with a $1 trillion coin 30 September 2021

Some politicians are advocating the US government mint a new coin as worries mount that America's money will run dry.It is October 17, 2021, and the US is just hours away from a historic and highly damaging... more

A look at changes in the labour market 26 September 2021

As the world economy emerges from the pandemic and the threat of rising unemployment recedes another employment problem is emerging in many countries: a shortage of labour.‘We are running into a global... more

A new book on changing capitalism 13 September 2021

Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London. Her work as the founding director of the UCL Institute for Innovation and Public Purpose is... more

Online gaming and market failure 31 August 2021

Plenty of politicians have their eye on the harmful consequences of online gaming. There are stories of gamers playing for such continuously long time periods they wear diapers to avoid pauses in play.... more

What is the future for Afghanistan’s economy? 18 August 2021

The political instability that comes with the forced takeover of a country like the situation in Afghanistan, has a ‘shock’ effect on the economy at a micro and macro level.What are the economic consequences... more

The rise of bitcoin in Nigeria 3 August 2021

In March 2019 the Nigerian government banned access to foreign exchange for textile businesses. This put textile manufacturing firms in Nigeria in a tight spot because they could no longer get the Chinese... more

Getting enough people vaccinated 15 July 2021

textEven though the Covid19 vaccines mean people who take them have a very good chance of avoiding a serious illness from the virus some people are still reluctant to be vaccinated. The US Centre for... more

The Spirit of Green - developing an economic strategy to combat climate change 21 June 2021

textThe Economist William Nordhaus is a Professor of Economics at Yale University has made his name using economic models to consider the implications and the strategies used to tackle climate change.... more