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The Economist Editorial Stance
Since its founding in 1843, the editorial stance of ''The Economist'' has been developed to further its founding purpose to "take part in a severe contest between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress". First published by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs, the weekly has made free trade a touchstone of their editorial stance. Its core stance has been summarized by ''The Guardian'' as a "trusted three-card trick of privatisation, deregulation and liberalisation". In 2009, ''The Economist'' website featured this note about its editorial stance: "What, besides free trade and free markets, does ''The Economist'' believe in? 'It is to the Radicals that ''The Economist'' still likes to think of itself as belonging. The extreme centre is the paper's historical position.' That is as true today as when former ''Economist'' editor G ...
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David Hume And Adam Smith Statues, Edinburgh
David (; , "beloved one") (traditional spelling), , ''Dāwūd''; grc-koi, Δαυΐδ, Dauíd; la, Davidus, David; gez , ዳዊት, ''Dawit''; xcl, Դաւիթ, ''Dawitʿ''; cu, Давíдъ, ''Davidŭ''; possibly meaning "beloved one". was, according to the Hebrew Bible, the third king of the United Kingdom of Israel. In the Books of Samuel, he is described as a young shepherd and harpist who gains fame by slaying Goliath, a champion of the Philistines, in southern Canaan. David becomes a favourite of Saul, the first king of Israel; he also forges a notably close friendship with Jonathan, a son of Saul. However, under the paranoia that David is seeking to usurp the throne, Saul attempts to kill David, forcing the latter to go into hiding and effectively operate as a fugitive for several years. After Saul and Jonathan are both killed in battle against the Philistines, a 30-year-old David is anointed king over all of Israel and Judah. Following his rise to power, David ...
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Harold Wilson
James Harold Wilson, Baron Wilson of Rievaulx, (11 March 1916 – 24 May 1995) was a British politician who served as Prime Minister of the United Kingdom twice, from October 1964 to June 1970, and again from March 1974 to April 1976. He was the Leader of the Labour Party from 1963 to 1976, and was a Member of Parliament (MP) from 1945 to 1983. Wilson is the only Labour leader to have formed administrations following four general elections. Born in Huddersfield, Yorkshire, to a politically active middle-class family, Wilson won a scholarship to attend Royds Hall Grammar School and went on to study modern history at Jesus College, Oxford. He was later an economic history lecturer at New College, Oxford, and a research fellow at University College, Oxford. Elected to Parliament in 1945 for the seat of Ormskirk, Wilson was immediately appointed to the Attlee government as a Parliamentary Secretary; he became Secretary for Overseas Trade in 1947, and was elevated to the ...
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England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe by the North Sea to the east and the English Channel to the south. The country covers five-eighths of the island of Great Britain, which lies in the North Atlantic, and includes over 100 smaller islands, such as the Isles of Scilly and the Isle of Wight. The area now called England was first inhabited by modern humans during the Upper Paleolithic period, but takes its name from the Angles, a Germanic tribe deriving its name from the Anglia peninsula, who settled during the 5th and 6th centuries. England became a unified state in the 10th century and has had a significant cultural and legal impact on the wider world since the Age of Discovery, which began during the 15th century. The English language, the Anglican Church, and Engli ...
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Hampshire
Hampshire (, ; abbreviated to Hants) is a ceremonial county, ceremonial and non-metropolitan county, non-metropolitan counties of England, county in western South East England on the coast of the English Channel. Home to two major English cities on its south coast, Southampton and Portsmouth, Hampshire is the 9th-most populous county in England. The county town of Hampshire is Winchester, located in the north of the county. The county is bordered by Dorset to the south-west, Wiltshire to the north-west, Berkshire to the north, Surrey to the north-east, and West Sussex to the south east. The county is geographically diverse, with upland rising to and mostly south-flowing rivers. There are areas of downland and marsh, and two national parks: the New Forest National Park, New Forest and part of the South Downs National Park, South Downs, which together cover 45 per cent of Hampshire. Settled about 14,000 years ago, Hampshire's recorded history dates to Roman Britain, when its chi ...
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Aldershot
Aldershot () is a town in Hampshire, England. It lies on heathland in the extreme northeast corner of the county, southwest of London. The area is administered by Rushmoor Borough Council. The town has a population of 37,131, while the Aldershot Urban Area, a loose conurbation (which also includes other towns such as Camberley, Farnborough, and Farnham) has a population of 243,344, making it the thirtieth-largest urban area in the UK. Aldershot is known as the "Home of the British Army", a connection which led to its rapid growth from a small village to a Victorian town. History Early history The name may have derived from alder trees found in the area (from the Old English 'alder-holt' meaning copse of alder trees). Any settlement, though not mentioned by name, would have been included as part of the Hundred of Crondall referred to in the Domesday Book of 1086. The Church of St Michael the Archangel is the parish church for the town and dates to the 12th century with la ...
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Irish People
The Irish ( ga, Muintir na hÉireann or ''Na hÉireannaigh'') are an ethnic group and nation native to the island of Ireland, who share a common history and culture. There have been humans in Ireland for about 33,000 years, and it has been continually inhabited for more than 10,000 years (see Prehistoric Ireland). For most of Ireland's recorded history, the Irish have been primarily a Gaelic people (see Gaelic Ireland). From the 9th century, small numbers of Vikings settled in Ireland, becoming the Norse-Gaels. Anglo-Normans also conquered parts of Ireland in the 12th century, while England's 16th/17th century conquest and colonisation of Ireland brought many English and Lowland Scots to parts of the island, especially the north. Today, Ireland is made up of the Republic of Ireland (officially called Ireland) and Northern Ireland (a part of the United Kingdom). The people of Northern Ireland hold various national identities including British, Irish, Northern Irish or som ...
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Food Aid
In international relations, aid (also known as international aid, overseas aid, foreign aid, economic aid or foreign assistance) is – from the perspective of governments – a voluntary transfer of resources from one country to another. Aid may serve one or more functions: it may be given as a signal of diplomacy, diplomatic approval, or to strengthen a military Alliance, ally, to reward a government for behavior desired by the Donation, donor, to extend the donor's cultural influence, to provide infrastructure needed by the donor for resource extraction from the recipient country, or to gain other kinds of commerce, commercial access. Countries may provide aid for further diplomatic reasons. Humanitarianism, Humanitarian and altruism, altruistic purposes are often reasons for foreign assistance. Aid may be given by individuals, private organizations, or governments. Standards delimiting exactly the types of transfers considered "aid" vary from country to country. For examp ...
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Protectionism
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the Import substitution industrialization, import-competing sector in the country from foreign competitors. Opponents argue that protectionist policies reduce trade and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries protected against. Protectionism is advocated mainly by parties that hold Economic nationalism, economic nationalist or left-wing positions, while economically right-wing political parties generally support free trade. There is a consensus among economists that protectioni ...
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Self-sufficiency
Self-sustainability and self-sufficiency are overlapping states of being in which a person or organization needs little or no help from, or interaction with, others. Self-sufficiency entails the self being enough (to fulfill needs), and a self-sustaining entity can maintain self-sufficiency indefinitely. These states represent types of personal or collective autonomy. A self-sufficient economy is one that requires little or no trade with the outside world and is called an autarky. Description Self-sustainability is a type of sustainable living in which nothing is consumed other than what is produced by the self-sufficient individuals. Examples of attempts at self-sufficiency in North America include simple living, food storage, homesteading, off-the-grid, survivalism, DIY ethic, and the back-to-the-land movement. Practices that enable or aid self-sustainability include autonomous building, permaculture, sustainable agriculture, and renewable energy. The term is also applied ...
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Economic Policy
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy. Most factors of economic policy can be divided into either fiscal policy, which deals with government actions regarding taxation and spending, or monetary policy, which deals with central banking actions regarding the money supply and interest rates. Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties. Types of economic policy Almost every aspect of government has an important economic component. A few examples of the kinds of economic policies that exist include: *Macroeconomic stabilization policy, which attempts to keep the money supply growing at a rate that does not result in excessive inflatio ...
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Laissez-faire
''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. As a system of thought, ''laissez-faire'' rests on the following axioms: "the individual is the basic unit in society, i.e. the standard of measurement in social calculus; the individual has a natural right to freedom; and the physical order of nature is a harmonious and self-regulating system." Another basic principle of ''laissez-faire'' holds that markets should naturally be competitive, a rule that the early advocates of ''laissez-faire'' always emphasized. With the aims of maximizing freedom by allowing markets to self-regulate, early advocates of ''laissez-faire'' proposed a ''impôt unique'', a tax on land rent (similar to Georgism) to replace all taxes that they saw as damaging welfare by penalizing production. Proponents of ''l ...
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Great Famine (Ireland)
The Great Famine ( ga, an Gorta Mór ), also known within Ireland as the Great Hunger or simply the Famine and outside Ireland as the Irish Potato Famine, was a period of starvation and disease in Ireland from 1845 to 1852 that constituted a historical social crisis which subsequently had a major impact on Irish society and history as a whole. With the most severely affected areas in the west and south of Ireland, where the Irish language was dominant, the period was contemporaneously known in Irish as , literally translated as "the bad life" (and loosely translated as "the hard times"). The worst year of the period was 1847, which became known as "Black '47".Éamon Ó Cuív – the impact and legacy of the Great Irish Famine During the Great Hunger, roughly 1 million people died and more than 1 million Irish diaspora, fled the country, causing the country's population to fall by 20–25% (in some towns falling as much as 67%) between 1841 and 1871.Carolan, MichaelÉireann's ...
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