🎓Rwanda’s Economic Transformation: Lessons from Home
When people talk about “economic development,” it often feels like a distant concept—numbers in textbooks, models on lecture slides, or case studies about countries we’ve never visited. But for me, economic development is not just theory; it’s lived reality. As a Rwandan, I’ve seen my country change rapidly in just a few decades, and Rwanda’s…
🎓A Day at the Bank of England Museum: Thinking About the Future of Money
One of the advantages of being in London is how close you are to the institutions that shape the economy. As a 16-year-old student aiming to study economics at Imperial and eventually become an investment banker, I’ve been trying to make the most of that. Recently, I had the chance to visit the Bank of England…
🎓The History of Ethnomathematics: Understanding the Diverse Origins of Mathematical Thought
Mathematics is often perceived as a universal language—an objective discipline rooted in logic, numbers, and proof. However, this modern conception of mathematics, as it is taught in schools and practiced in academia, largely reflects the influence of European traditions and formal systems. The field of ethnomathematics challenges this narrow view by recognizing that mathematical thinking…
Hello everyone. I aim to make this blog as interesting for you, the reader, as it is for me to make it. I will be discussing core economic topics as well as answering competition questions and debating concepts and theories from famous economists. I hope you find this educational and valuable for your learning, as well as interesting and immersive. Have a great read!👍
Smith, A. (1776). An inquiry into the nature and causes of the wealth of nations. W. Strahan and T. Cadell.
“It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.”
Bastiat, F. (1850). That which is seen, and that which is not seen.
“In the economic sphere, an act, a habit, an institution, a law produces not only one effect, but a series of effects.”
Schumpeter, J. A. (1942). Capitalism, socialism and democracy. Harper & Brothers.
“The process of Creative Destruction is the essential fact about capitalism.”
Buchanan, J. M., & Tullock, G. (1962). The calculus of consent: Logical foundations of constitutional democracy. University of Michigan Press.
“The political process is not immune to the forces of self-interest.”
Arrow, K. J. (1963). Uncertainty and the welfare economics of medical care. American Economic Review, 53(5), 941–973.
“The welfare economics of medical care differ fundamentally from the standard competitive model.”
Reinhart, C. M., & Rogoff, K. S. (2009). This time is different: Eight centuries of financial folly. Princeton University Press.
“The most commonly repeated claim in financial crises is: ‘This time is different.’”
Tullock, G., Seldon, A., & Brady, G. L. (2002). Government failure: A primer in public choice. Cato Institute.
“Governments do not act, individuals do.”
Easterly, W. (2006). The white man’s burden. Penguin Press.
“The rich have markets, the poor have bureaucrats.”
Becker, G. S. (1976). The economic approach to human behavior. University of Chicago Press.
“All human behavior can be viewed as involving participants who maximize their utility.”
Thaler, R. H., & Sunstein, C. R. (2008). Nudge: Improving decisions about health, wealth, and happiness. Yale University Press.
“People are not dumb. The world is hard.”
Levitt, S. D., & Dubner, S. J. (2005). Freakonomics: A rogue economist explores the hidden side of everything. William Morrow.
“Incentives are the cornerstone of modern life.”
Mind Over Markets 