It could be stated that economics, as a social science, is largely dependent on psychological findings. This is especially true when we consider the subject of consumption satisfaction. From Aristotle’s hints to Jevons and Menger’s propositions of marginal utility theories, the concept of satisfaction in relation to values has been a great area of interest. However, the focus has mostly been directed toward the mathematics of marginal utility diagrams and less to the behaviou

The UK's Cycle to Work scheme, a flagship active travel policy, is an economically inefficient and socially regressive tax break that primarily benefits high-income, white men, rather than effectively promoting cycling. To a large extent, addressing cycling uptake effectively requires targeted investment in infrastructure, safety and equitable access. I love to hate the cycle-to-work scheme. Popular and politically untouchable, it has become what critics call a “sacred cow” o

The global shipping industry is slowly returning to the Red Sea route after more than two years of disruption. Some sailings through the corridor have resumed, including by major carriers such as Maersk, signalling growing confidence that security risks are easing. The economic effects of this reopening remain complex and far from uniform. Global trade depends heavily on the Red Sea route. Around 12 to 15 per cent of global trade by volume passes through the Suez Canal, meani

Imagine this: you are handed a plain lunch. No menu, no story, no price. Just a plate eaten between lectures in an ordinary city. From that plate alone, what could you infer about the economy that produced it? You would notice globalisation before taste. Supply chains before preferences. Incentives before culture. How far the ingredients travelled, how much processing occurred, and whether the food required skill or labour: all reveal information about wages, regulation, tech