Mark Carney gives a short A level Economics lesson on Tragedy of the Commons

It will be music to the ears of many Economics Teachers to read (or hear) the Governor the Bank of England use terminology such as 'tragedy of the commons', 'market failure' and 'rational behaviour of the individual'. Mark Carney did just that when he gave an interview to Sky News, discussing the causes and possible consequences of over-fishing and pollution in the sea caused by plastic.

Which, of course, begs the question: are the new £5 and £10 polymer notes recyclable when they come to the end of their viable use? The answer is here....