Keynes Society Reports

Keynes Society Report: Richard Tice

On Tuesday 20th February, the Keynes and Political Societies hosted Richard Tice. Mr. Tice has been the leader of Reform UK since 2021. The party is currently polling in double digits (third highest behind the Conservatives and Labour), leading to widespread speculation that this significant share of the right-wing vote will cause further problems regarding the upcoming general election for the governing Conservative party. Prior … Continue reading Keynes Society Report: Richard Tice

Keshav HajarnavisLeave a comment
Economics, Environment, Middle East and Africa

Blue Gold: The Precious Commodity of Tomorrow

In the north-western Tabuk province of Saudi Arabia, armies of diggers carve into the arid desert as they attempt to excavate a 170-kilometre line. This project is part of what is called Neom, ‘The Future of Civilization’, and emerges from ‘The Saudi Vision”, a plan to reduce Saudi Arabia’s dependence on oil and diversify its economy by developing its public-service sector. The project’s estimated cost … Continue reading Blue Gold: The Precious Commodity of Tomorrow

Nico Sesson FarreLeave a comment
Economics, UK

Should HS2 Have Been Scrapped?

High Speed 2, aka HS2, was conceived in 2009 as plan to build a rail line between London and the North of England to reduce the North/South economic divide in the country. Construction was planned in phases with London to Birmingham being Phase 1, Birmingham to Crewe being phase 2a and Crewe to Manchester being phase 2b. Phase 1 was planned to open by 2026 … Continue reading Should HS2 Have Been Scrapped?

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Economics

The Gig Economy: Navigating the New World of Work

In recent years, the traditional landscape of the world of work has shifted drastically owing to the rise of The Gig Economies. In the United States, a Bureau of Labor Statistics (BLS) report in 2020 indicated that about 34% of the U.S. workforce participated in gig work in some capacity. Globally, a McKinsey report estimated that around 20-30% of the working-age population in the U.S. … Continue reading The Gig Economy: Navigating the New World of Work

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Economics

Does the UK have a productivity problem?

The economist Paul Krugman said ‘A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker.” Since 2011 the UK’s productivity has  grown on average 0.6% per annum, whilst in the decade after 1997 it was growing at about 2% per annum. This is shown in the graph below. One of the reasons … Continue reading Does the UK have a productivity problem?

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Sport, US

To what extent are drafted sports leagues fair?

Sports leagues across the world are structured into several different forms, with one of the most notable being leagues with a draft. Predominantly found in the US, draft leagues involve the selection of up and coming university players by professional teams once a year. The team who finished last in the previous year is given the first pick from the player pool and thus end … Continue reading To what extent are drafted sports leagues fair?

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Economics

Friedman’s Negative Income Tax 

A modern welfare state typically provides both contributory and means-tested benefits. Contributory benefits are those which depend on individual levels of contribution to a social insurance programme. This is the principle behind Medicare and unemployment insurance in the US, or National Insurance and state pensions in the UK. Means-tested benefits, on the other hand, are only offered to those who meet specific income criteria.  Historically, … Continue reading Friedman’s Negative Income Tax 

Edgar BrownLeave a comment