Tag Archives: mixed market trade

Steve Trevethan

Cakeonomics and Free Trade

By Steve Trevethan | Thu 19th May 2016 - 12:34 pm

 

Crumbs!

Not heard of Cakeonomics?

Cakeonomics is a simplified, quick and sometimes fun approach to economics and its connections with everyday life. It uses the metaphor of cake in an effort to make Economics more accessible and attractive, so that more of us can ask better questions about it and be sharper at assessing any answers. We need stronger, more confident knowledge to better analyse and help address the problems of our times, which are also likely to be the problems of our children and theirs.

Your piece of cake depends on various factors. Two crucial factors are the size of your slice and the size of the cake from which your slice comes.

Here’s some data and information about the global economic cake:

The richest 1 per cent increased its income by 60 per cent in the last 20 years (1992-2012) with the financial crisis accelerating rather than slowing the process.

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Posted in Op-eds | Also tagged and | 10 Comments
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Recent Comments

  • Steve Trevethan
    Thak you for an interesting article on a pressingly relevant set of matters. If the foundation of GDP is that all finance-only activities are of equal worth ...
  • John Bicknell
    Bit of a depressing article on the BBC website today, focusing on the views of some LD MPs that the party lacks relevance and cut-through. Looking at the HYS c...
  • Tim
    I think, although I may be wrong, that you are calling for higher taxes now, so that we leave less debt to the next generation. That might be less financial deb...
  • David Raw
    @ Gwyn Williams, Gwyn, you write, "The urgent issues of change in Westminster such as PR"............. Sorry, Gwyn, but I would have thought that a 26.4% inc...
  • Richard Cripps
    Having been "attacked" on social media for my political and social views (I am normally a LD voter) from time to time - with the attacks being personal rather t...