Category Archives: Economic Concepts

Challenges and the Future of Africa – What insights for Europe?

On Wednesday, October 8th 2014, I was among the audience of the Wincott Lecture (hosted by the eponymous Foundation at Local Government House in London) given by Professor Sir Paul Collier, author of “The Bottom Billion – Why the poorest … Continue reading

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Economic Growth and Military Expenditure: R&D, Consumption, Capture – What Future for Europe?

Before anything else, I want to start by acknowledging the fact that the focus of this article represents a relatively narrow section of what is an enormously interesting, fertile and relevant field of economics with much to contribute to societal welfare and … Continue reading

Posted in Economic Concepts, European History, European Integration, Political Concepts, Visions of the Political Future of Europe | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Moral Hazard: Labour Market & Insurance

“Moral Hazard” is a very fashionable concept that has been thrown around a lot since 2007/08 as a result of bad practices by bankers. It is also a common place in discussions of central Bank’s intervention, the Debt Monetisation risks … Continue reading

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Balassa-Samuelson Effect

This post considers the famous and somewhat contentious issue of Purchasing Power Parity (PPP), and the deviations from it explained by what is known as the Balassa-Samuelson Effect. In doing so it is hoped it will facilitate the understanding of … Continue reading

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