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Does being an economist make me a bad person?

Julie Nelson’s economic paper “Poisioning the well, or how Economic Theory Damages Moral Imagination” poses an interesting question: is there such a thing as ethical economics? Economic history and literature are embedded with an array of theories that have nothing to do with ethics or moral inclinations. For example, Adam Smith’s invisible hand insisted that the market itself would direct individual behaviour in the right direction.

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The boy who cried wolf

By mapping out the mechanics of a classic story using game theory, David Huang examines the idea of reputation, its importance and associated strategies.

The dynamic force of internet piracy

The free access to film and television is slowly becoming the social norm. Annie Cao uncovers the game-changing effects of internet piracy that have changed the landscape of the industry.

Markets and morality

In recent years, the interrelationship between ‘free markets’ and morality has become increasingly apparent. Stories of corporate corruption, unethical animal testing and the exploitation of workers in third world countries arise frequently in the media.

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Is the Co-op Bookshop providing value for its members?

Economics 101 is that a monopoly is fundamentally any enterprise with substantial ‘market power’ – that is, the capacity to set prices and cut back on quantity with little, if any, response from customers.  While most monopolies arise through natural monopoly conditions (for example, essential services including water and electricity distribution), others simply develop when circumstances facilitate their entrenched establishment. Such conditions include high barriers to entry for potential competitors, legislative encouragement and context-specific advancement.

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For first year university students studying commerce

A brief word to all those first year university students studying Commerce: there’s something special about the first weeks of uni. It’s not the opportunity to meet new people and make new friends (though that’s obviously a good thing). Nor is it the chance to get involved in all kinds of different activities on and around campus (through broadening your horizons is a worthy pursuit).

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