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Articles on Economics

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When there are too many elites in a society, competition for power makes existing problems worse. Francisco Goya / Wikimedia

History repeats itself. That’s bad news for the 2020s

The 2020s promise to be a decade of mounting strain. But will these years be a story of spiralling decline or triumph over adversity?
Not sure if you’re paying the right price for your tree? The Hotelling equation modified by Faustmann can help. Aleksandra Suzi/Shutterstock

The amazing growth of the Christmas tree

A Protestant tradition with pagan roots, the Christmas tree is now a global phenomenon. It also reveals much about market economics, so let’s climb on the sleigh and take a ride around this holiday item…
Announcement of the Nobel Prize in Economics to Abhijit Banerjee, Esther Duflo and Michael Kremer (from left to right on the screen) during a press conference held at the Royal Swedish Academy of Sciences in Stockholm on 14 October 2019. Jonathan Nackstrand/AFP

2019 Nobel Prize in Economics: the limits of the clinical trial method

The 2019 Nobel Prize in Economics pays tribute to randomized control trials, but can they really help us fight poverty?

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