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.
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?
The amazing buzzword ‘sustainability’ has become engrained in our economy since the focus shifted from ‘shareholder value’ to ‘stakeholder value’. Regardless of the company’s nature – whether it’s a coffee bean producer or Shell – every firm has found some way in which it can position itself as a promotor of welfare. But how do we distinguish between sustainability as a marketing tool and sustainability as a radical business transformer? There is a role for every consumer.
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.
The Great Recession seems to be over: unemployment is low, the Dutch CPB has noticed GDP-growth rates that were previously thought to be unattainable and the Dutch government is finally running surpluses. The financial crisis is over.
The European parliament has voted to prohibit ‘electric pulse fishing’, a fishing practice which uses electric pulses to scare flatfish such as the flounder into leaving their sub-seabed hideouts in favour of a waiting fishing net. The European parliament previously allowed up to 5 percent of a country’s fishing fleet to switch to electric pulse fishing, to test the waters. The European parliament now considers the experiment finished and wants to illegalize electric pulse fishing once more. Meanwhile, the Dutch have switched. The French have not. Why and how has this come to be?
In the early 1990s the asset price bubble in Japan collapsed, it was the start of what later came known as the “Lost Decade” or even “Lost Score”. The Financial Services Agency (FSA), the Japanese supervisory and regulatory institution, waited more than a decade before obliging Japanese banks to take the losses on non-performing loans.