Post-Brexit

Post-Brexit

News
As you might remember, a few months ago I wrote a medium-sized episode in News specifically about the negotiation David Cameron was attempting with the European Union at the time. If you read this post by clicking here, you will see that these negotiations were made in order to be used as persuasive tools to the public and his own party so that they would eventually choose to ‘Remain’ at the upcoming referendum. What was pointed was to take notice of how the majority of these bargaining tools resembled a policy perspective that exemplified most of deficiencies of the current economy, and economic and political discourse in the United Kingdom. Despite this, what is even more frightening is that even these negotiated terms have been rejected by a majority of the…
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Public lecture by Prof. Jan Švejnar

Public lecture by Prof. Jan Švejnar

Interviews
  This Monday PJ in Limbo visited the University in Prague called Cerge-EI. A private University which specialises in applied economics courses. Cerge-EI is the home of IDEA - one of the leading and most influential think tanks in the republic which has some modest influence of the economic conversation within the Czech Republic, and a university which has such people as Joseph Stiglitz (the 2001 nobel prize winner for economics) on its Executive and Supervisory committee.  The project director of IDEA and the chairman of the Cerge-EI Executive and Supervisory committee is a man named Jan Švejnar. A man with a CV so long and intriguing I am still kicking myself for not asking certain questions whilst I'm writing now: with a Ph.D in Economics from Princeton University in 1979, as…
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Demand-Side Economics

Demand-Side Economics

Analysis
From now on, the Principles series is going to go a little deeper. The posts from now on will be sorted under the Analysis series. As we discussed a little in the previous episode of the Principles series, Demand-Side Economics is what we will discuss further in this episode today. What the previous Principles episode made was the claim that at the macroeconomic end of the scale, the trend of the policies of national governments and international bodies has been to support the supply side of the equation . This is quite a claim to make I know, but it is quite simple to understand how it can be made. This is otherwise known as supply-side economics, and has been a vital ingredient in the neo-classical economic, academic framework for quite a long…
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The Panama Papers

The Panama Papers

News
In the land of UK politics, things have gotten a little heated. This is mainly due to David Cameron - the prime minister's secrecy with regards to his investment in an offshore fund founded by his father: "David Cameron’s father ran an offshore fund that avoided ever having to pay tax in Britain by hiring a small army of Bahamas residents – including a part-time bishop – to sign its paperwork". It took the prime minister almost 5 different statements to admit that he profited from shares in Blairmore Holdings Inc. He made a total revenue of £31,000 and profit of £19,000 when he sold those shares in 2010 before becoming prime minister - the amount of which happened also to be conveniently under the required amount of profit (£20,200) made…
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The UK’s EU Referendum

The UK’s EU Referendum

News
Here we are again. There is no doubt that a lot of folks out there are wondering 'what's all this about?' for this one. In layman's terms, we can vote on whether we want to remain in the European Union or not this year - on June the 23rd. If we vote to leave, this is what we call the "Brexit". Now, how have we got to this point? Is it because we as a nation naturally feel disconnected to the majority of the European Union which resides on the main continent, and are naturally an EU-sceptic nation? Possibly, although EU scepticism is currently rife and has a history amongst a quite a few other influential nations in the European Union which also happen to reside on the continent. If…
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Google & Taxes

Google & Taxes

News
Welcome to episode 1 of our News series, explaining to you what something is all about, basically. We're starting here with the fiasco between Google and the effective tax rates that corporations such as Google actually pay. Due to the recent deal that Google made with the UK government this year, Google's effective tax rate of the last decade is lower than 3%, compared to the effective tax rate of 20% in the UK which other large businesses pay each year. As we have already explained in the principles series so far: we have a clear distinction between the real economy which involves local and small business, and the shadow economy which encapsulates the global reach most large businesses possess. With this story of a single company in the case of…
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