Economics Archives - Emile Woolf writes

Chapter 2 – Understanding Economics in One Hour

Now, before we get going, I must warn you not to get sidetracked by this thing called “demand”. What is demand, anyway? It is an inexhaustible feature of the human condition: there is always something we require, want, need, desire. Demand is therefore a transitory abstraction – more of a feeling than a commanding “economic actor”. […]

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“Understanding Economics in an hour”

UNDERSTANDING ECONOMICS IN ONE HOUR 1 – Overview Looking about us, what we see is the passing show. Despite every appearance of reality, it is ephemeral, ever-changing. It is Prospero’s “insubstantial pageant”. What we see is a “result” of something else, always a manifestation rather than a “cause”. It is difficult to discern the real […]

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European Union – what membership entails

ECONOMIC PERSPECTIVES – 28 EUROPEAN UNION – WHAT MEMBERSHIP ENTAILS The responses to my last essay in this series prompts me to develop and clarify some of the questions it raised. It addressed the way in which important Brexit issues have been clouded by uncertainty, exacerbated by predictably negative forecasting by supposedly neutral authorities, generating […]

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ECONOMIC PERSPECTIVES – 27: “The EU unvarnished”

  EUROPEAN UNION – UNVARNISHED Prelude on terminology Uncertainty surrounding the outcome of Brexit has caused the British pound to be devalued against the main international currencies. British importers must therefore pay more pounds to buy the foreign currency required to pay for their imports of finished goods and components. Higher prices, in effect. But […]

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RECENT TAX HYSTERIA [Economic Perspectives – 25]

Economic Perspectives – 25 REFLECTIONS ON RECENT TAX HYSTERIA [Early December 2017] Where we are now on the subject of taxation – clueless and lost! Widespread “tax-dodging” is the surest sign that our “tax-raising” process is seriously defective! Why doesn’t our existing tax system raise enough money to meet all government commitments? The reason is […]

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