insight magazine_edinburgh uni_v3i2 - transition

TransitionThe Folly of FoolsObsolete InnovationThe Fate of Wildness

Volume 3 Issue 2

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2 Volume 3 Issue 2

Contents

Focus on Transition

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Comment

Academic

Review

Editor-in-Chief

Managing Editors

Subeditors

Design Editor

Online Editor

Illustration Editor

Featured Illustrators

Oliver N

innis

If you have any questions, comments or concerns, or if you would like to become involved, please contact us at:

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Insight

Insight

Insight

Evan WilliamsEditor-in-Chief

Editor’s Note

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7% a year

Beyond the Economics of FantasyNick Dowson makes the case for a radical economic transition

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Focus: Transition

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IHow Europe Underdeveloped Af-

rica

Multi-Handed ColonialismAlina Mika reassesses economic change in West Africa

Helga P

avelkova

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development underdevel-opment

“The transition of West Africa into an open, export-oriented economy cannot be considered only through the prism of the terms development or underdevelopment.”

Hannah B

otma

Hannah Botma

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Basel RecommendsVainius Glinskis considers the potential impact of new international banking regulations

“Regulators have realised how interconnected the world has become in the 21st century. A transition to macro-prudential regulation has become necessary to ensure future stability in the financial markets.”

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The Chinese Innovation PuzzleIan Billett examines China’s pursuit of economic modernisation

Eilidh M

uldoon

World University Rankings top 100

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Eilidh Muldoon

Overdrawn: The Plan to Fix Banking in EuropeAndrea Schmidtová discusses the future of bank regulation in the euro zone

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if how

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Transition to a New Energy FutureBriana Pegado looks at the feasibility of Obama’s green economy agenda

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Josie Vallely

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In Wildness is the preservation of the WorldKatie Roberts links our fate to the preservation of the natural world

“Our ‘cultural dice is loaded in favour of consumption for its own sake’, as Andrew Simms argues. We are ignoring the cost of the means, and have lost sight of the ends. We must challenge the mantra of free markets and endless economic growth, as they will only result in our destruction.”

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Josie Vallely

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The Triangular Course of HistoryAlina Mika examines the ‘Trilemma of International Finance’

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Comment

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Helga P

avelkova

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Gender Gap Report

Maid in IndiaAkanksha Middya examines the economic impact of gender inequality in India

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An End to Broadband BluesClem Manger contemplates recession, modern technology and the music industry

Em

ily Cullen

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Bidding Central Bank Independence AdieuAmy Read discusses the murky relationship between monetary and fiscal policies

“Monetary and fiscal policies have always been thinly divided at best, and pressure from the current recession has further blurred this already fine line.”

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Morag M

cClenaghan

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Mort de la BourgeoisieNikita Chuyko assesses Hollande’s idealism

Em

ma E

lliott­Walker

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Pleased to MichuBen Cassidy looks to the future of the beautiful game

“Even considering the little support that the Socialist Government has, Francois Hollande is doing a good job in becoming one of the most hated politicians of our time.”

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“With Big Money came the ability to tempt the better players away from their teams.”

Am

y Wedge

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Angela Merkel: The Saviour of Europe?Mohammed Anas Irfan evaluates the Machtfrau’s step-by-step approach

“Merkel’s plan for resolving the crisis has been one of implementing measures of austerity and fiscal integration. To achieve this, she has tried to persuade other European countries to give more power to Brussels, but has refused to accept any plans to federalise Europe.”

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Shaped by booms and busts

Giving Wings to the Careers of CEOsAlfio Puglisi discusses the impact of the recession on CEO career paths

“Starting work in a recession period shapes the CEOs management style, tending to make them more prudent and less risk loving.”

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24 Volume 3 Issue 2

The Spectre of ImmigrationSara Baratto makes the economic case for immigration

Josie Vallely

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What do you see as the key reasons why the state moves away from capi-tal investment, was it all political?

What capital investments do you think the governments should make in order to rejuvenate the economy? And what do you think about the current debt over fiscal stimulus vs. austerity?

You also mentioned work on the ris-ing value of human life. How are you looking at this?

An Insight into ObsessionGeorgina Allen talks to Dr Martin Chick, a reader in Economic History at the University of Edinburgh, discussing government capital investment, the value of human life and the economists who influenced him.

Academic

Hi Martin, could you please tell us a bit about your current research?

Sounds great, you mentioned writing about Keynes and Hayek in your book, what exactly are you discussing? Are you mainly looking at the differences in their theories?

Prices and Production The Pure Theory of Capital

General Theory

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Who would you say are your main influences?

You mentioned Allais’s influence over French government policy; do you think that economists have a

bigger role to play in current policy decisions?

Finally, do you have any advice for young budding academics?

What do you feel is the importance of your work and what do you find most rewarding?

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The Great Transition

The Great Transition

The Great Transition

The Great Transition

The Great Transition

The Great Transition

Waiting for the Great Leap ForwardsKati Venho reviews the new economics foundation’s The Great Transition

Review

The Great Transition

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