Until last year, oil prices had ranged from $90 to $100 a barrel for about a decade, notwithstanding a drop during the 2008-2009 financial crisis. By December 2015, the price of Brent crude had dropped to $36 a barrel. As a result, countries heavily reliant on oil exports like Saudi Arabia, have been forced to…

Brexit shows the primacy of politics and emotion over economic rational calculation. It is very difficult to understand the decision of British people otherwise. Britain, or what would be left of it after potential secession by Scotland and Northern Ireland, is likely to become a less open economy with a long-term decrease in productivity potentially.…

June 23rd marks the end of a European era. There are various reasons the United Kingdom is calling for a referendum. But are they really worth breaking up with the European Union? Brexit will leave us all in a weaker position. Find out why.