Saturday, 1 December 2012

Christmas Economics

From a macro point of view, Christmas is usually considered good for a depressed economy: the boost in consumption creates more part-time jobs for the UK's unemployed or more hours for the underemployed.  However, some argue that it means we spend our money on things no-one really wants. In the article below, Tim Harford also makes a case for the positive externalities of Christmas.

Tim Harford — Article — Dreaming of a tight Christmas:

The Economist has possibly the world's most informative, advent calendar, which does not really make you think of anything to do with Christmas at all.  It's also online here so no chocolate

So, happy advent, which of course means the start of  our"Go Hard or Go Home" intensive revision period

Ho. Ho. Ho.

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