Tags » Economic Change

The defining moment of our time

By Jon Crooks

The UK and the world at large is in a bad place, heading in the wrong direction. To get out of this we need new economic systems and a new force in politics. 3,069 more words


The New Normal

The world has changed and it’s never going back to how it used to be again. This is for real and for ever. The evidence is abundant and unavoidable: 243 more words


Clashing scales of Brexit

Mainstream newspapers, politicians and commentators across Europe instantly expressed dejection and bitterness in the face of the Brexit outcome, and avid Brexiteers have typically been portrayed as xenophobes and bigots, Little Englanders or foolish opportunists incapable of understanding the dangerous ramifications and likely Domino effects of their choice. 1,043 more words


Evidence of Economic Change: Tin Roofs

Economics is essentially a scientific analysis of the individual choices made by large numbers of people. Each statistic represents hundreds of thousands of personal stories: families struggling to make ends meet, parents deciding where to send their children to school, farmers deciding whether to plant crops or sell their land, car owners deciding to wait another year to replace their vehicles, business owners deciding to take out loans to expand their companies, homeowners choosing to renovate their houses. 320 more words

Inflation and Penny Dropping

In 1984, shopping in the local markets of Goma, Democratic Republic of Congo, I noticed small coins lying abandoned in the dust. When I asked about them, someone told me they were 1-likuta coins (pl:makuta). 398 more words

Evidence of Economic Change

Economists are continually struggling to come up with legitimate scientific measurements of economic change. An example is the Consumer Price Index (CPI), a monthly measurement of the change in price of various “baskets” of consumer goods. 273 more words