Economics | Ethically Clothed

Diminishing Returns: More Is Not Always Better

January 19, 2017January 19, 2017 by Maram Jawdat

Some people find economics boring and stale. That’s too bad. Whether we like it or not, we are impacted by economic decisions every day. Every time we buy something, use something, or create something, we are involved in the process of economics. The Law of Diminishing Returns The law of…

The Jevons Paradox

December 22, 2016December 22, 2016 by Kaminaga Takako

William Stanley Jevons was an English economist who addressed an important concern about the use of coal in 19th century industrial England. Just the way peak oil concerns people today, the English were worried about depleting the coal reserves needed to fuel their factories. Increases in mechanical efficiency would have…

Are discounts ethical?

March 11, 2016August 17, 2016 by Finley Grey

One question which comes up when I am talking to new supplier is "How do you handle discounts". There are many suppliers who are very anti discounts being applied to their products outside of their control. This can be for various reasons but one that intrigued me is the idea…

Why do companies choose a fast fashion mentality?

March 4, 2016August 17, 2016 by Finley Grey

You see a lot of articles talking about how appalling fast fashion is and how we should all buy 'ethical' clothing. In a previous post I have explained our approach to deciding if something is ethical enough to be sold through Ethically Clothed. This week's blog looks at the other…