Crypto Meets the Real World

Fiat money, generally speaking, is money that is issued and backed by states who promise to uphold its value. But that has not stopped people from imagining a world where currencies are ‘denationalised’. About 50 years ago, when economist Friedrich Hayek speculated on...

The Public Knows Best

Measuring the economic impacts of specific government policies, such as a new tax, is pretty straightforward: find the right variables and track them before, during and after the policy is announced. But trying to demonstrate a connection between overall government...

It Takes a Village

Shenzhen, located just across Hong Kong’s border with southeastern China, has been described variously as a modern metropolis, Asia’s Silicon Valley, an economic hub and an overnight city. Forty years ago it was viewed as a rural backwater, until Deng Xiaoping named...

The Sustainable Practice of Backpacking

Tourists can be a negative for environmental sustainability because they often travel by plane and indulge in extras that they may do more sparingly at home, such as taking long, hot showers every day. But one group of tourists may provide a model for sustainable...

Green Bonds Are on the Money

When banks and other institutions lend money, their chief aim has long been to get paid back in full, with interest. But over the past decade or so, a new kind of financing has emerged – the green bond – to support companies that are trying to have a positive impact...