Category Archives: Economics

Relative Income and Personal Happiness

Sara Solnick and David Hemenway found that most people would prefer (pdf) an income of $50,000a year when everybody else get $25,000 than an income of $100,000 a year when everybody else has $200,000. If all of us become worse … Continue reading

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Being a Chinese billionaire isn’t all glamour

Mortality rate notwithstanding, what’s more disturbing is how these mega wealthy souls met their demise. According to China Daily, 15 were murdered, 17 committed suicide, seven died from accidents and 19 died from illness. Oh, yes, and 14 were executed. … Continue reading

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Comparative Poverty: The Top 1% vs the Top 0.1%

Someone at the bottom of the top percentile of incomes is on about £120,000 a year. The top 0.1%, however, gets over £500,000…. The very rich price the reasonably rich out of houses and schools: top private school fees have … Continue reading

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The price of the Conservatives austerity programme, 2010-19

A 2017 study published by the British Medical Journal linked health and social care budget cuts to nearly 120,000 excess deaths in the UK since 2010. Last year, the Office for National Statistics revealed that life expectancy has stopped rising … Continue reading

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Being a Chinese billionaire isn’t all glamour

Mortality rate notwithstanding, what’s more disturbing is how these mega wealthy souls met their demise. According to China Daily, 15 were murdered, 17 committed suicide, seven died from accidents and 19 died from illness. Oh, yes, and 14 were executed. … Continue reading

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What has been Britain’s biggest privatization to date?

…Britain’s biggest privatization has not been of housing or a bank. It has been of land. Since Margaret Thatcher entered Downing Street in 1979, and continuing all the way to the present day, the state has been selling public land … Continue reading

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James Dyson, the saviour of British Industry, does a runner*

Sir James Dyson, the British billionaire inventor and outspoken Brexit supporter who called on the government to walk away from the EU without a deal, is moving the headquarters of his vacuum cleaner and hand-dryer technology company to Singapore. *Dyson … Continue reading

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