As tens of thousands of people took the streets across France throughout the last couple of weeks, President Emmanuel Macron’s social and economic policy seem to have struck a nerve. The Macron government has insisted to overhaul France’s rail system and to bring changes to employment benefits and the pension system. This quite revolutionizing agenda has lead to actions of protest from railway workers and air traffic controllers to teachers and students.
Lately, the European Commission has been in the news a lot. In a negative sense, with the so-called “super promotion” of Martin Selmayr, the right-hand of Jean-Claude Juncker, the chairman of the European Commission. Instead of discussing such a small problem, we should focus on the debate on the political future of Europe.
“Those who cannot remember the past are condemned to repeat it.” In 2002, the 43rd President of the United States, George W. Bush declared tariffs on imported steel for a three year period, placing a tax of up to 30% on those goods. At the end, the policy lasted only 18 months and brought a number of issues with it which could be repeated very soon.
The past century has seen drastic shifts in the international financial balances, each requiring its own tailored policy response. However, finding proper responses to any shift of economic power or economic downturn has become a lengthy and complicated ordeal. What were our past alternatives, and where should we look for the future?
Last but not least, I will shed some light on my daily tasks. First of all I would like to introduce myself. My name is Jamy van Breda and I am the Secretary/External Affairs Officer of the board of 2017/2018.
Amsterdam, the Dutch capital, can be found in the top 10 of many lists. One might wonder what kind of lists we are dealing with. The answer is simple, the annual price development of the owner-occupied housing market. Amsterdam saw an astonishing 14% increase in owner-occupied housing prices over the year 2017, according to Statistics Netherlands. Their figures show an increase of 7.6% for The Netherlands as a whole. The Dutch housing market is doing seemingly well, but is this the full picture?
Nearly all financial news of the past few months has been focused on one thing: a world economy in danger of overheating. Plenty of warnings, yet change does not seem to be on the horizon. Is this an unavoidable human desire to forget the evil past and dive headfirst into another mistake? Is it impossible to change this cycle?
In modern day society the relatively new field of ‘Behavioral Economics’ is booming and its applications are ubiquitous. This field studies the non-rational psychological side of economic decision making. One of its main theorems is the so-called ‘Nudge theory’, which concerns indirectly influencing the behavior and decision making of groups or individuals, by the means of nudges. Are nudges useful to society and by whom can they be used? This article aims to elucidate the answers to these questions.