Productive potential growth within an economy

Productive potential growth in an economy is a catalyst for growing living standards and prosperity. Productive potential refers to the potential output within an economy. The adoption of new production techniques increases the productive potential within an economy, as is the case with an increase in the availability of new resources and technology. However, neitherContinue reading “Productive potential growth within an economy”

Do trade deficits matter?

Economists have long considered free trade as mutually beneficial for all countries involved. With this said, during the 2016 US Presidential Campaign, free trade received criticism from the Republican nominee Donald Trump, who touted the decline in manufacturing jobs in the midwestern states as a consequence of trade liberalisation. The US has had a tradeContinue reading “Do trade deficits matter?”

A case for education reform

Education today is largely administered and funded by the central government, however, this doesn’t have to be the case. Independent (private) schools have consistently out-performed state schools for decades – yet for many lower-income families, the choice to send their children to the former isn’t feasible. This has led to a great disparity in educationContinue reading “A case for education reform”