The Women’s Equality Party (WE) has voted overwhelmingly in favour of adopting an economic model created by the Oxford economist Kate Raworth.
Tag: economics
Everyday Economics: The Student Loan
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.
Everyday Economics: Incentives For Prelims
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?
Everyday Economics: The Economics of Language
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?
Everyday Economics: Dating and the Commons
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.
Everyday Economics: Sunk Costs
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.
Degree Reviews: In defence of PPE
Edmund Kelly writes about Oxford’s PPE degree.