Author: Admin
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The invisible hand of power: why economics can’t escape politics
By Celine NoureddineIllustration by Keo Morakod Ung I. Introduction Economics presents solutions to worldwide dilemmas through the aim of highest efficiency. The technical soul of economics hides the hard truth: real-world outcomes are often shaped by political decisions rather than the favourable, logical solution. By ignoring politics in economics, we fail to present a complete…
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How power imbalances are overlooked in the debate over free trade
By Jun-Seo KimIllustration by Keo Morakod Ung The concept of free trade is central to the global economic system. It is often hailed as a mechanism that drives economic growth, encourages competition, and promotes efficient allocation of resources by allowing goods, services, and capital to move freely across borders. However, the argument supporting free trade…
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Rethinking climate change: Why ecological economics matters
By Alberta Robinson-WelshIllustration by Keo Morakod Ung Throughout mainstream economics, climate change has always been treated as a “negative externality”, a cost imposed on society that needs to be internalised into the market. It is simply seen as another market failure that can easily be fixed by introducing a tax on carbon dioxide emissions in…
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How does Post-Keynesian economics consider distribution?
By Alice EvenIllustration by Keo Morakod Ung In “The Structure of Post-Keynesian Economics: The Core Contributions of the Pioneers”, G. C. Harcourt explores the assumptions and beliefs that shape Post-Keynesian economics, supported by the works of the various Economists who contributed to this school of thought. In the introduction to the book, he explains that…
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Memecoins: the world’s new wealth creation hack or greatest scam?
By Neha ArvindIllustration by Keo Morakod Ung In the ever-evolving world of cryptocurrency, few things have sparked as much attention as the rise of memecoins. These digital assets, fuelled by internet humour and viral trends on social media, have drawn both fascination and suspicion from investors and crypto enthusiasts, due to their volatile nature and…
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Business Co-operativism: history, merits and future of the co-op
By Henry BushellIllustration by Keo Morakod Ung The ‘worker-led co-operative’ sounds like an institution that might be found in the old European Eastern Bloc, far from something that would be seen in a 21st-century Western capitalist economy. UK readers may be surprised, then, to find out that you have almost certainly shopped in one, may…
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Standardised Time, Revolutionised Industry
By Anika PriyaranjanIllustration by Keo Morakod Ung The Industrial Revolution was chaos incarnate. Steam-powered machines roared to life, railways tore across continents, and the telegraph shattered the silence of distance. In an era where the sun dictated clocks, every city operated on its own time. Noon in London wasn’t noon in Berlin. A train departing…
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Microfinance: What happened to the golden ticket out of poverty?
By Manav KhindriIllustration by Keo Morakod Ung Microfinance was long touted as the future of solving the developing world’s poverty problem. Defined as the process of lending small amounts of money to people deemed too poor for bank credit or other traditional forms of borrowing, microfinance was tipped as a powerful tool to spark local…
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The Dollar Spiral: Trump’s Doom Loop Effect
By Anika PriyaranjanIllustration by Keo Morakod Ung Markets love certainty, and Donald Trump’s re-election gave investors exactly that—a clear direction, familiar policies, and a pro-business agenda. The stock market surged in response, riding a wave of optimism fueled by promises of tax cuts, deregulation, and economic growth. But beneath the surface of this financial exuberance…
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Why everyone should care about economics
By Henry BushellIllustration by Keo Morakod Ung John Maynard Keynes, perhaps the most influential economist of last century, has a line at the end of his famous book The General Theory of Employment, Interest and Money (1936) which I think is underrated in its truthfulness, even in today’s world: “… the ideas of economists and…
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The death of the town: the UK’s damaging London-centricity
By Manav KhindriIllustration by Keo Morakod Ung It is no surprise that London is the financial, cultural and political capital of the UK. With London and the South East responsible for almost 40% of the country’s GDP, and London making up comfortably more than half of it by itself, the English capital sits head and…
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The Economic Cost of Extinction
By Anika PriyaranjanIllustration by Keo Morakod Ung Imagine you’re at a lavish buffet, overflowing with every dish you could possibly desire. But as you reach for your favourite delicacy, the chef suddenly swoops in and starts removing trays—one by one—until the spread looks more like a sad snack bar than a feast. That, in a…
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UCL Rethinking Economics 