Category Archives: Economic Concepts

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

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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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On Banking Unions – Concepts, their Status, Proposals & Examples

The point of this post is to summarise existing information about banking unions. This is a very vague term that incorporates several concepts. Therefore clarifying this seems quite timely, in light of ongoing discussions. This is briefly described in the … Continue reading

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On International Political Economy Equilibria – Introductory thoughts, Constraints and some Intuition

Analysts, particularly economists, like to think of the world as a system moving towards and around “stable equilibria”. While this is not necessarily always true and a lot of systems do behave as a random walk, the relative usefulness of equilibrum … Continue reading

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