Category: Economics

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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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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Brilliant Bezos – From Garage to Global Empire

Brilliant Bezos – From Garage to Global Empire

By Joseph Cramp Pretty much anyone you’ll meet these days knows about Amazon, the magical online enterprise where one can find almost anything under the sun, and often have it delivered one the same day. Less though, know a lot about Jeff Bezos, Amazon’s CEO. However, anyone interested in leadership should study Bezos closely to…

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