The classical theory of economic growth, by Donald J. Harris

By Donald J. Harris, here is the abstract: Focused on the emerging conditions of industrial capitalism in Britain in their own time, the classical economists were able to provide an account of the broad forces that influence economic growth and of the mechanisms underlying the growth process. Accumulation and productive investment of a part of […]

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The film culture that is royal Britain

There have been few insights into what the Queen’s favourite film is but one might assume that it would be a black and white classic from her youth or perhaps Black Beauty. According to Brian Blessed, however, one of her favourite films is Flash Gordon, the 1980 high camp space opera in which the actor […]

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Market Talk – August 11, 2020

ASIA: China will continue to implement its part of the phase one trade deal with the United States and will fulfill financial opening-up pledges despite worsening bilateral relations between the world’s two largest economies, China’s central bank governor said in an interview with the official Xinhua news agency. US Trade Representative Robert Lighthizer and Treasury […]

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Which time lags matter for testing regimes?

What determines the success of a COVID-19 Test & Trace policy? We use an SEIR agent-based model on a graph, with realistic epidemiological parameters. Simulating variations in certain parameters of Testing & Tracing, we find that important determinants of successful containment are: (i) the time from symptom onset until a patient is self-isolated and tested, […]

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The U.S. selects better for Asian immigrants than does Australia

Whereas Australia has pursued a skills-based migration policy, the United States has privileged family-based migration. The key contrast between these migration regimes provides a rare test of how national immigration policy shapes immigrant selection and integration. Does a skills-based immigration regime result in a more select group of Asian immigrants in Australia compared to their counterparts in the United […]

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Is it Time For People to Help People?

  The Socialists encourage the worst of humanity – they see themselves as always victims which they then use to justify oppressing others. The persecution of the Jews by the Nazis began for the very same reason. The Jews were the “rich” bankers and business owners. Hitler targeted them not simply because of their ethnicity, […]

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Coming soon, to a country near you

But let’s start with the UK: The number of people in hospital with Covid-19 has fallen 96% since the peak of the pandemic, official data reveals. Hospital staff are now treating just 700 coronavirus patients a day in England, compared to about 17,000 a day during the middle of April, according to NHS England. Last […]

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Market Talk – August 10, 2020

  ASIA: China said on Monday it has imposed sanctions on 11 Americans, including six US lawmakers, for “behaving badly on Hong Kong-related issues.” The US on Friday sanctioned Hong Kong Chief Executive Carrie Lam as well as 10 other Chinese and Hong Kong officials for their role in crackdowns on political freedom in the […]

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The Contemporary Impact of Black G.I.s in Europe in WWII

Abstract: Can attitudes towards minorities, an important cultural trait, be changed? We show that the presence of African American soldiers in the U.K. during World War II reduced anti-minority prejudice, a result of the positive interactions which took place between soldiers and the local population. The change has been persistent: in locations in which more […]

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