Economic truths can be cruel. In 1993, the University of Minnesota’s Joel Waldfogel published a famous article about the deadweight loss that occurs at Christmas. According to his analysis, billions are lost…
On 8 November 2016, 59 million US voters – just 30% of the electorate – selected Donald Trump as 45th President of the United States. Trump is a quintessential outsider, a real-estate magnate and reality…
A recent article in The Economist raised concerns about the disproportionate economic power wielded by giant global corporations. Earlier this year, in April, the US Council of Economic Advisers (CEA) published…
In 2012 Edvard Munch's "The Scream" was auctioned by Sotheby's for a record price of nearly 120 million dollars. The painting was sold using the English auction format, meaning the auction started with a low…
The day of decision is just around the corner. Currently, the odds are against a UK departure from the EU, at least for British bookies. Yet whatever the result of the vote, the Brexit referendum has cast a…
Germany’s regulation of professional services needs an overhaul. The country has a wide variety of regulations governing the Freie Berufe, or “liberal professions”, an occupational category that includes…
Since the beginning of March 2016, the Federal Cartel Office has been investigating one of the giants of the digital economy on suspicion of misuse of market power – Facebook. Indeed, since the end of 2010, the…
Claims of increasing inequality are constantly making the headlines. In response to such claims, many are calling for the "rich" to be subject to higher levels of taxation and for further development of a…
The effects of the bombshell at the start of 2016 spread from China and had an impact on investors around the world. Within the space of a few days, the Chinese stock exchange fell by 15 per cent. Negative…
