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Category Archives: Economics & Business

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Clinton vs. Trump: Economic policy

Clinton vs. Trump

The United States of America are engaged in a remarkable battle for the presidency. With two eccentric candidates in the respected persons of Donald Trump and Hillary Clinton the duel seems to be decided based on who commits the least errors. Both campaigns are mainly focused on non-economic points and the agendas are very vague on the economical field. But what would the economic consequences for the USA in either possible outcome of the elections be?

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Rethinking Economics: economic education in crisis

Do  you feel like that the current curriculum of your Economics program is too narrowed, has more mathematics than needed, relying on odd and unrealistic assumptions and does not provide you with more insights about the world outside your classroom then you are not alone. In a manifesto signed by 100 university economics associations from 30 countries, the students criticize the current mainstream economics theories which do not represent nor is able to predict the economic reality.  In the Netherlands, Rethinking Economics NL is a network which calls for pluralism in economic teaching at universities. Especially at the moment where we face big challenges that are new to us such as climate change, increasing population rate, huge migration flows and globalization, mainstream economics taught at universities is not preparing the next generation economists to solve these issues. 

TTIP

TTIP, a non-economic trade agreement

In 2013, EU governments gave the European Commission a mandate to negotiate about TTIP, a Transatlantic Trade and Investment Partnership between the United States and the European Union. When starting, the two parties thought the negotiations would progress quickly. Now, three years later, the negotiation process seems to become long-lasting. Besides the European Commission, the European Parliament, business and trade unions, consumer-, health- and other public interest groups and the general public at least think they have something to say about TTIP. The negotiations turned out to be much more than just negotiations about economic terms. What are the different aspects of TTIP for our European Union?

taxes

Do we really hate paying taxes?

Most of the students among us don’t mind it when the Dutch IRS provides us with the opportunity to pay our income taxes.  On the contrary, young people usually get some income taxes back which they have paid in advance and students receive (taxfree) study grants. In fact, I would not be surprised if the tax on beer consumption is our biggest fiscal contribution.  But as soon as you work fulltime and you didn’t succeed in starting a fictitious company in the British Virgin Islands, your annual tax declaration will be a painful experience. Are such often-heard complaints really true?

Why are the Panama Papers bad news for everyone?

The world was in shock when an unexpected leak of 11.5 million files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca took place. The records were soon shared with the International Consortium of Investigative Journalists (ICIJ) which started its own big investigation. The documents revealed the countless ways in which the richest of the world exploit mysterious offshore tax systems offered by the so called tax-heavens.