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Joakim Book

Joakim Book is an economics graduate of the University of Glasgow, and is currently a graduate student at the University of Oxford. He writes regularly at Life of an Econ Student

All Works

Central Banks' Forecasts Are Basically Garbage

Money and BanksMoney and Banking

Blog05/22/2019

Central banks' economic models repeatedly and incessantly over-estimate economic growth. We can only speculate as to their motivation.

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What if Climate Warriors Put their Money Where Their Mouths Are?

The EnvironmentU.S. History

Blog04/12/2019

The emergence of "catastrophe bonds" in recent decades suggests an interesting way that Climate Warriors could alleviate the presumed costs of climate change — assuming climate activists are willing to spend any of their own money on the problem.

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Banks use Other People’s Money — So What?

Money and BanksMoney and Banking

Blog02/23/2019

Since we don't know the future, all investment is a type of speculation, and this doesn't mean banks are behaving nefariously when investing other people's money.

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It Turns out the Long Term Does Matter After All

Blog02/20/2019

When the topic involves poverty, bank failures, unemployment or inequality, the advocates of fashionable policy implore us to take immediate action, almost regardless of the costs down the line. Enter climate change and this seemingly changes everything.

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Coffee Sellers Are Not Fundamentally Different from Banks

Blog11/14/2018

Whether dealing in coffee or loans, failed entrepreneurs can cost a lot of people a lot of money. But that's not a reason to bail out any of them.

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