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- Blog Post
- Posted 4 years ago
The Economic Benefits of Renewable Energy
In 2018, United States President Donald Trump said his administration was putting more coal miners back into work, having previously rattled on about how important coal jobs were to the future of the US. Perhaps it should be no surprise that his words were empty. The Trump administration has added a negligible 2,000 coal mining jobs since it took control, and whatever bump in coal production 2018 saw was quick to fade away. Obviously, Trump’s pledge to keep the industry alive was a political stunt, not a decision based on the economic realities of the moment; for if it had been, Trump wouldn’t have been talking about coal, but about renewable energy.
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- Blog Post
- Posted 4 years ago
What is the Green New Deal?
Although recently popularised in America, the Green New Deal (GND) was actually born during the early days of the 2007/8 financial crisis, in a small flat in London. The owner of the flat was analyst and foreseer of the crisis, Ann Pettifor; the occasion was a get-together of environmentalists and economists who had convened to draft a plan they hoped would both ‘transform the economy and protect the ecosystem’. Unfortunately for the London attendees, the prevailing political currents post crash proved especially hostile toward their idea, and prioritised, instead, principles of fiscal discipline and austerity, while largely sidelining issues of climate. And as long as such consensus reigned, the nascent GND was forced to lie dormant, far from political discourse.
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- Blog Post
- Posted 4 years ago
Russia's Economic Crisis
In the early hours of the 21st of August 1991, a putsch in the Soviet Union against Mikhail Gorbachev failed, leaving three men dead and the country in a state of shock. The coup had been staged by members of the Soviet government who had taken issue with Gorbachev’s liberalising, democratising reforms, which he had been slowly putting into place over the previous few years. Those who had planned the attack then fled, and were all taken into custody within three days.
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- Are They Really Worth It?
- Posted 4 years ago
Executive Compensation in the US
Rising year on year, seemingly irrespective of company performance, US executive pay is eye-watering. For decades now, its increase - the small blip following the financial crisis aside - has been rapid. As their wallets have bulged, however, CEOs’ standing in the public eye, has fallen precipitously - plotted on a graph the relationship between the two would make a big X. And this is a significant shift. It wasn't long ago that the American entrepreneur was heralded as an almost mythical figure: the embodiment of all that was good about the country; the opportunity it afforded; the work ethic it rewarded; the fact that with the right attitude anything was possible. They were the American Dream in action; evidence that it could be made real.
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- Career Advice Article
- Posted 4 years ago
Opportunity to Provide Expertise at the European Parliament - Interview with Alexandre Mathis
Parliamentary Research Administrator, Alexandre Mathis, kindly sat down with INOMICS to discuss his work and call for applications from economists to help advise on the EU Budget. Alexandre explained to us in more detail what he does and what exactly it is the European Parliament is looking for.
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- Blog Post
- Posted 4 years ago
The Fall and Rise of Neoconservatism
In its short and controversial history, neoconservatism has changed America. For almost 60 years, the ideology has variously been embraced and rejected; celebrated for its patriotism and commitment to democracy; and disdained for it hawkish arrogance and imperialistic tendencies. It has simultaneously proven uniquely divisive, while also unifying people across party lines. Quite simply, recent American political history cannot be made sense of without an understanding of neoconservatism; such has been its influence.
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- Blog Post
- Posted 4 years ago
The Economic Effects of Climate Change
The history of economic growth, the kind to which we are now accustomed, is inseparably intertwined with the discovery, and then plunder, of fossil fuels. Some historians have even argued their unearthing was its main catalyst, relegating more popular theories of free trade and technological innovation. The argument is seductively simple, and although something of an exaggeration, usefully highlights the strong connection between the two – for in tandem, they radically altered the course of human civilisation.
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- Blog Post
- Posted 4 years ago
The Case for Ecological Economics
In 2018, the World Meteorological Organization published its statement on the State of the Climate. The report showed that the 20 warmest years on record have occurred in the last 22 years. In the same year, the State of California’s Energy Commission published a report linking changing atmospheric conditions due to global warming as a direct cause of the devastating forest fires that swept through California, burning nearly 1.9 million acres’ of land and costing more than US$3.5 billion of damages.
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- Career Advice Article
- Posted 5 years ago
Non-Profit Sector: Job Options for an Economist
You know that there are a ton of career prospects open to someone who has studied economics, spanning from academia and the finance industry, all the way to management consulting. A big advantage of studying economics is that it gives you a skill set which is applicable and transferrable to many different fields. One particular area of work open to economists is the non-profit sector. Many are drawn to this sector for social reasons; the desire to make a positive impact on the world. It is a highly admirable area to work in, and something that we at INOMICS massively endorse! So, what kind of non-profit jobs are actually available to economists? Here are our suggestions that may be applicable to you.
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- Ranking
- Posted 5 years ago
Top Economics Think Tanks and Research Institutes in Europe
If you're an economist looking for the very best think tanks and research institutes in Europe, look no further, you're in the right place. Here's our top ten list to help you out:
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- Blog Post
- Posted 5 years ago
2019 European Elections Threaten to Bring the EU to Standstill
With the European elections just two weeks away the EU’s future is looking far from certain - the union is beset by crises and the resolve of its member states is being tested like never before. Much has changed since Europeans last took to the polls: Ukraine had its borders forcibly redrawn when an increasingly hawkish Russia invaded and annexed Crimea; global drought, poverty and violence drove record numbers of refugees to the shores of the Mediterranean; and China has continued its march as a formidable economic and political force. There has also been the small matter of Brexit and the emergence of a populist movement that has made electoral gains across the continent. The current moment, evidently, is one of flux, and the full implications of the transforming political landscape are still to be fully understood.
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- Blog Post
- Posted 5 years ago
Universal Basic Income: a panacea for society's ills?
As a policy, support for Universal Basic Income (UBI) flouts traditional political and social lines, making unlikely bedfellows of those on both the right and left wing. Facebook’s Mark Zuckerberg, free-market evangelist Milton Friedman, and firebrand economist Yanis Varoufakis all count among its high profile, and rather disparate, champions. With the help of their advocacy the initiative has entered into mainstream consciousness, and widespread political discussion of its implementation, in contrast to a few years ago, is now readily had. Gone are the days in which UBI was simply dismissed as an unattainable utopian concept.
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- Blog Post
- Posted 5 years ago
No Deal Brexit and the Effect on Europe
The Brexit clock is now deafening, and the British political and media establishments seem utterly consumed by its inexorable ticking. In the public realm, little else is considered, even less discussed. And yet, despite this obsession, with just 42 days before Britain departs the European Union, negotiations for a withdrawal agreement remain in deadlock, and the hopes of breakthrough seem to be fading. At the core of the dispute is the Irish backstop and, by proxy, participation in a customs union. On both, neither the Conservatives nor Labour appears capable of sincere compromise, favouring, instead, a game of high-risk brinksmanship. The stakes: the future of the country. By using the approaching deadline as leverage, aimed to cow opposition, Prime Minister Theresa May is gambling, big. And at the point of writing, it's unclear who will hold their nerve. Without concessions being made, Britain will crash out of the EU with no deal, with World Trade Organisation (WTO) tariffs beckoning.
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- Blog Post
- Posted 5 years ago
The Economics of Climate Change
Climate change is back on the front pages of the world’s press – belatedly. Its return is thanks to the landmark IPCC report, published in October 2018, which has served as a brutal reminder of the dystopian future that awaits humankind if radical policy change is not enacted immediately.
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- Blog Post
- Posted 5 years ago
With Britain's Brexit Negotiations in Flux, Let's Talk About No Deal
The reporting of British politics for journalists has rarely been so onerous. Dramatic landscape shifts in the form of u-turns, resignations, and unexpected elections, are now so frequent the lifespan of articles, previously measured in days, are better predicted in hours - sometimes just a handful. Last week’s rapid-fire resignations of Brexit Secretary, David Davis, and Foreign Secretary, Boris Johnson, over their intransigence regarding Britain’s Brexit strategy epitomised this difficulty. Following the double salvo, it looked, albeit briefly, as though anything was possible: a vote of no confidence; a leadership election; maybe even a general election. All bets seemed off.
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- Career Advice Article
- Posted 5 years ago
Top Career Paths: Public Economics and Economic Policy
If you're doing a degree in economics with a specialisation in public economics or economic policy, you might be thinking about what career you would eventually like to pursue. Here below are some of the top careers paths for graduates in this area. For a comprehensive list of available jobs check our jobs section.
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- Looking Forward
- Posted 6 years ago
A Career in Microeconomics
Microeconomics is one of the most prominent subfields of economics and is one which many people studying economics find themselves drawn to. But if you are studying economics now and you decide to specialise in microeconomics, what kind of career options would be open to you? To assist you in planning your career, we're listing some of the top career paths for different economics specialisations, and today we're looking at the top career paths for specialists in microeconomics.
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- Career Advice Article
- Posted 6 years ago
Top Career Paths: Labour and Demographic Economics
Are you a labour or demographic economist wondering about the career options which are open to you? Then you should consider these jobs.
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- Career Advice Article
- Posted 6 years ago
Top Career Paths: Health Economics
Are you studying health economics, or thinking about studying it at university? If so, you might want to know what career options you could pursue your health economics degree. Recently we've been sharing a series of articles on top career paths for various specialisations within economics, and today we're looking at health. Read on for more information about where you could work with a degree in health economics.
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- Career Advice Article
- Posted 6 years ago
Top Career Paths: Agricultural and Natural Resource Economics
If you're studying economics, there are all sorts of specialities that you could look into. When you're thinking about what you should like to take care of, you should look at your specialization.
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