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The Big Mac index, created by The Economist in 1986, illustrates how currency values differ based on local burger prices, using purchasing-power parity (PPP) as its foundation. The GDP-adjusted version …
Delicious Economics: How the Big Mac Index Reflects Global Currency Values Read More
The Suez Canal, opened on November 17, 1869, revolutionized global trade by connecting the Red Sea to the Mediterranean and cutting travel distances for ships by up to 7,000 km. …
The Suez Canal: A Maritime Marvel and Economic Lifeline Read More
This article explores the complex economics of airports and aviation, highlighting regulatory challenges, competition between airlines, the impact of privatization, and sustainability issues. It is inspired by Tim Harcourt’s journey …
Navigating the Skies: The Economics of Airports and Aviation Read More
Scotland is hosting the Global Wellness Summit, marking a pivotal moment in the expanding wellness economy, projected to reach $8.5 trillion by 2027. Leaders in wellness reflect on a shift …
Exploring the Burgeoning World of Wellness Industry at the Global Wellness Summit Read More
The 2024 Nobel Prize for Economics highlights a significant oversight in acknowledging how the global economic system perpetuates poverty, despite offering insights into national barriers to development. The awarded economists’ …
The 2024 Nobel Prize and the Misunderstanding of Development Economics Read More
The Nobel Prize in Economic Sciences for 2024 was awarded to Daron Acemoglu, Simon Johnson, and James Robinson for their work on how institutions affect a country’s prosperity. Their theories …
Controversy Surrounding the 2024 Nobel Prize in Economic Sciences Read More
The article analyzes Donald Trump’s claim that tariffs made America great, revealing research by economists Alexander Klein and Christopher Meissner suggesting that high tariffs during the Gilded Age did not …
Debating the Legacy of Tariffs: An Economic Perspective Read More