Although the ever-increasing debt seems a distant otherworldly life, one day this eventuality will attach itself to every tax return, every monthly salary, and we will sigh, watching as 9% of our gross income slowly slips through our fingers.
The problem is that the negative externality theory assumes that you can compensate for this externality of environmental degradation from car emissions. With climate change constantly worsening, we can’t just compensate for the externality arising from fossil fuels and private transport usage – we need to actively reverse it.
In order to remain at university, we’re required to pass: nothing more, nothing less. With this most basic incentive, why would anyone sacrifice social or extra-curricular activities in order to come out with anything better than the lowest pass mark possible?
Language is not just a means of communication, but also the expression of an entire nation’s identity. There will always be a trade-off between valuing and preserving a people’s native language, and the return of an investment in human capital that learning a dominant or common language provides.
It might seem a little depressing to reduce something with so many individualities to a matter of costs and benefits, but in doing so we can perhaps explain why one language may be more likely to outlive another. If we say that the creator of a language (or the founder of a society’s particular communication system) is the fundamental policy-maker, what makes this particular policy successful in the long-term?
If coordination were possible, an agreement between all users to send fewer and higher-quality messages would generate the greatest benefit to the dating pool as a whole. That’s not to discourage some of the most disastrously bizarre Tinder messages, which have provided hours of entertainment to users and meme pages across the globe.
In an exam, we view the shift from one question to another as a loss of both time and effort, a perspective that ultimately outweighs the potential for gain. Economists would describe this as an inefficient allocation of our resources; we, unfortunately, do not seem to care.
Lesbian representation in films, in particular mainstream films, is difficult to find. The industry often shies away from a plot that focuses itself around the love between two women, perhaps out of a belief that it will not attract enough viewers, or perhaps because it is often over-sexualised and therefore reduces the scope of such Read More…
“It is essentially an illusion used to tell others – and ourselves – that we are ‘good’ people, without genuinely caring about the issue at hand.”
Flora Windebank explores online virtue-signalling.