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Over a century ago, women in the UK weren't allowed to own property, open a bank account, or work in a legal or civil service job.
When WW1 broke out in 1914, over a million women joined the workforce over the next four years to keep the economy going, even in jobs that were not previously open to them.
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The National Health Service (NHS) was established in 1948 and is funded from general taxation. Before the NHS, people were expected to pay the hospital or a private doctor if they needed to use medical services.
WWII necessitated government-supported medical services to become freely a...
Economic crises often purge inefficient or out-of-date structures. New entities emerge in their place.
In early 2000, the Nasdaq stock exchange crashed after years of the share prices of online companies rising. Underperforming firms that based their growth on the hype around the inter...
Recessions and the lack of jobs that ensues can lead more people to pursue education. This progress also affects subsequent generations.
A more educated workforce tends to make an economy more productive and profitable. The knock-on effects include society's health, lower crime ra...
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Growth evangelists are right when they state that severe lockdowns produce a parallel human misery of unemployment, looming bankruptcies, and extreme financial anguish. Yet, opening the economy too soon may produce mass death.
We need a new playbook for pandemic economics to govern our sh...
Two of the biggest innovations of modern times are cars and airplanes. At first, every new invention looks like a toy. It takes decades for people to realise the potential of it.
The ongoing pandemic is more than just a gigantic health crisis. The global economic order, for the first time in several decades, is on the path to an imminent restructuring.
There are several questions that leaders around the world are grappling with, like how long this will ...
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