Economics

The Economics of Migration

From the border between the US and Mexico to the exodus of Africans to Europe: what role does migration play in the 21st century?

Many economists consider the allocation of human resources relatable to any market in general, asserting that by pursuing self-interest, efficiency, overall output and welfare will be maximised, at least to some extent. The latter reasoning would lead to thinking that by fuelling competition in the job market, there will be more struggles for locals whose
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The Magic of Money Creation

Are you thinking to save money in your bank account? Do banks lend out our deposits? How do they create money? Well, banks don’t have the best reputation. Probably you have heard that banks make money out of your money. Many have the intuition of banks using public deposits to create loans and earning the
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