Madsen Pirie Madsen Pirie

After shrinkflation comes drinkflation

We have all encountered the practice of shrinkflation, where producers reduce the size or weight of their product to avoid having to increase its price.

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Madsen Pirie Madsen Pirie

Tariffs and the European Union

Tariffs are a counter-productive policy, both misconceived and damaging to those who impose them. The new tariffs imposed by President Trump will make US goods more expensive for US consumers.

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Madsen Pirie Madsen Pirie

Luxury paratransit commuting

Many years ago I published a paper entitled ‘The Paratransit Light Vehicle.’ It examined ride-sharing schemes in several world cities. These included the Philippine jeepneys, the Argentine colectivos, the Turkey dolmus, the Israeli sheruts and others.

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Madsen Pirie Madsen Pirie

Business sponsorship of student fees

The UK government could encourage more firms to fund student fees in exchange for post-graduation employment commitments through a mix of financial incentives, regulatory support, and awareness campaigns.

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Madsen Pirie Madsen Pirie

Making childcare affordable

The problem is that many young mothers want to return to work to boost the household income and living standards and to fulfil themselves.

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Madsen Pirie Madsen Pirie

Making the state pension sustainable

The UK state pension is unfunded, a pay-as-you-go system funded out of general taxation and the National Insurance payroll tax. Today’s payers-in fund today’s drawers-out.

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Madsen Pirie Madsen Pirie

Growth is good

It is fashionable in some circles to stigmatize economic growth as ‘materialism,’ recklessly using up the planet’s allegedly scarce resources in a rat race to acquire ever more material goods.

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Madsen Pirie Madsen Pirie

A modern-day Domesday Book

Just as the quantity theory of money factors in the velocity as well as the supply of money, we might apply the same principle to the housing market. The velocity of housing transactions is notoriously slow.

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Madsen Pirie Madsen Pirie

Why capitalism works best

Capitalism was not invented. It developed out of the ways in which people deal with each other, and is one of the most benign things that people have done

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