Interview with Edward Carr, Deputy Editor of The Economist

Interview with Edward Carr, Deputy Editor of The Economist

We are extremely proud to present an exclusive Assumptions interview with none other than Edward Carr, the Deputy Editor responsible for The Economist! After starting in The Economist as a science correspondent in 1987, he covered various topics ranging from electronics to trade to energy to the environment. In 2000, he left for the Financial Times, where…

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The Lipstick Effect

The Lipstick Effect

The use of cosmetics and beauty products can be traced back to the earliest of human activities – the ancient Egyptians are famed for their kohl eyeliner and dramatic eye makeup. A large number of beauty products in the past were sourced with natural ingredients – horrifyingly enough, charcoal and bugs were commonly used to…

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Artificial intelligence: a socio-economic and political reboot

Artificial intelligence: a socio-economic and political reboot

The so-called “machinery question” continues to dominate the headlines, founded on fears that artificial intelligence – a technological development which enables human tasks to be automated – is advancing too rapidly. Newspaper articles, online blogs and academic studies foretell a future where “droids are sitting at our desks” while human labour falls into obsolescence. In…

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The PFI Puzzle

The PFI Puzzle

News in January was dominated by the collapse of Carillion, the second largest engineering firm in the country employing almost 20,000 British workers. Since Carillion held many government contracts such as on health, schools and prisons, the subsequent liquidation of the company has prompted many to question the use of private finance initiatives (PFI) by…

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A Society without a Leader?

A Society without a Leader?

Strong leaders in established political structures seem to be the obvious, and indeed the only choice for managing society. Leaders are accountable and tasked solely with looking after their community. However, this is not the case everywhere. A self-proclaimed, independent micro- community in a small Copenhagen neighbourhood has shown that a successful society doesn’t need…

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Price vs Quantity: The Showdown of Oligopolies

Price vs Quantity: The Showdown of Oligopolies

Many economics students you would talk to would be familiar with the Cournot and Bertrand models of competition. It’s one of the main things learnt in any industrial module or intermediate microeconomics course, encompassing duopolistic competition with the infamous Nash equilibrium – it’s a key industrial concept that highlights the differences between quantity and price…

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Oil, Theft and Tax – the dubious economics behind Islamic State

Oil, Theft and Tax – the dubious economics behind Islamic State

With a monthly income exceeding $80 million, the so-called ‘Islamic State’ has prospered so much financially since its inception in 1999 that it can almost be thought of as an economy in its own right. Its effective recruitment techniques, in conjunction with its abilities to maintain vast amounts of funding for its activities, are paramount…

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Are States or Corporations the true leaders of today’s world?

Are States or Corporations the true leaders of today’s world?

It is hard to decipher exactly the current state of affairs today due to the complexity of it all. Power is up for grabs and there are a lot of players involved — political leaders, international organisations, multinational corporations and even NGOs. We’ve been conditioned to think that nation-states are inherently dedicated to using their…

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What will Global Leadership look like in the “Post-American” world?

What will Global Leadership look like in the “Post-American” world?

Leadership is not an uncommon occurrence in the span of social relationships which constitute human life. Think of the patriarch or matriarch of a family; the village elder in preindustrial societies; the President of the United States. Clearly, leadership occurs also in relationships between nation-states, sometimes involving the use of force, as with Russia’s intervention…

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School Leadership: UK Schools vs Village Schools in Rural India

School Leadership: UK Schools vs Village Schools in Rural India

This summer, I was given the wonderful opportunity to volunteer for the Warwick Laksh foundation. For those of you that don’t know what the Laksh Foundation does, it is an initiative that began ten years ago. It used to be a small NGO, organic farm and women’s sewing co-operative which began to offer free education to the children…

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