Economic Perspectives Archives - Emile Woolf writes

INTERNATIONAL TRADE: THE CURRENCY EFFECT (1 September 2020)

ECONOMIC PERSPECTIVES – 87   SEPTEMBER 2020 The tenacity with which certain economic fallacies persist is truly remarkable. Take the notion that the euro currency is too strong for certain countries, notably Greece, Spain, Portugal and Italy, causing their exports to be too expensive for foreign buyers; and being members of the eurozone they are […]

Read More…

Basic Principles: more than meets the eye

ECONOMIC PERSPECTIVES 86   Every primer on economics cites the familiar factors of production, land, labour and capital, as prerequisites for productive activity. Sometimes entrepreneurship is added to represent the gifted brain who brings the other three together in a commercial enterprise.   Land, of course, includes the entire unharnessed bounty of natural resources that […]

Read More…

REFORM & REAL REFORM

  ECONOMIC PERSPECTIVES – 84    [July 2020] Those of us struggling to get a grip on Chancellor Sunak’s latest relief-measures should note the terminology. He seeks to revive the Covid-stricken economy with a series of tax “giveaways”.  When anyone in government talks about giving something away, it’s instructive to ask yourself how they got it […]

Read More…

Lost production cannot be retrieved

ECONOMIC PERSPECTIVES – 76 Can lost production ever be recovered? EMILE WOOLF – APRIL 2020 It’s easy to blame Covid-19 virus for the nation’s woes and, up to a point, that’s understandable. People who focus exclusively on the nation’s health tend to pay less attention to the economic damage wrought by Coronavirus, even though that […]

Read More…