Economy

We entered 2020 on the back of record-high debt burdens, geopolitical tensions, elections and a climate war. Not even 3 months in and we have an oil price war, demand shock and a supply...

Fundamentally, a large part of the total income of an economy comprises the patterns of consumption and savings which is highly affected by the aging individuals and the constantly changing demographics of that country. All...

On March 12, 2020, on the eve of President Trump declaring COVID-19 a national emergency, the New York Times reported that something weird had happened on Wall Street as traders ran for cash. They...

There is a global crisis going on as I write this article. It’s not the first, it won’t be the last. A lot has been written about how startups should manage themselves in a...

One can wonder why it is that North America is prosperous, but Latin America has fallen far behind. After all, about 500 years ago both started from the same point. Why did some end...

I Become President For A Day To Apply Modern Monetary Theory (MMT) To The US Economy Politicians and academics are making dramatic claims about MMT. I apply it to the 2018 US economy and learn...

… if we had one There is no public debate about climate change. On Medium, where I post my texts, there are thousands of articles about climate change. I read many of them and wrote...

To show that the question in the title can be answered affirmatively, I am going to explore the way smart technologies help resolve social problems. The problems include an aging labor force gradually leaving...

West African farmers use child labor to cost-effectively scale production of the cocoa used by chocolate companies to make chocolates. Out of the sights and minds of consumers, this matter is often unable to...

Amazon has changed the world for retail. But has it ever occurred to you that one day it might fail? In 1893, Richard Sears had the idea to create a brand new departmental store called...

The world's political landscape is constantly changing. Throughout centuries the rules of engagement have shifted from monarchy to social totalitarianism, consequently further into what we currently witness, i.e., corporate Feudalism. The most vulnerable of...

Two resorts distant from free-market capitalism The society or the world at large is the quintessence of every human being. As a spirited social existence, humans have an innate tendency to aggregate by inhabiting jointly...

The state of California, with the 39.56 million in Population and Area of 163,696 square miles, has a net worth over $6 trillion or about $160,000 per resident. The Golden state keeps up 17...

In the previous article, we gave an overview of the emergence of crisis. Next, we will further illustrate how cycles should be dealt with in light of Ray Dalio's analysis of the economic system,...

A few weeks ago, the New York Times ran an article regarding the implementation of a “Wealth Tax.” Both Sanders and Warren are fans of this type of levy which would tax the accumulated...

Using RCTs, Evidence-Based Action and Economic Plumbing to Understand How Charitable Organizations and Research Groups can Help Solve Global Poverty The Devil in The Details It’s been a long time since we’ve bandied around the devastating...

Data scientists perceive the world as data-processing systems, and this view is being increasingly adopted in economics and politics: after all, we think of the economy not as consisting of a myriad of individual...

In this sharing, we look to better understand the essence of a free-market economy from a more fundamental viewpoint of the market interactions. We also look to understand the cyclic patterns of the economy...

One thing that we overlook in the dialogue around the trade war narrative that has become a partisan issue is that not all protection is bad. The problem is that if you look at...

The recent wildfires in the Amazon are not only a burning injustice with long-term socio-economic and ecological implications, it marks a lack of urgency in addressing the anthropogenic causes of climate change despite several...