Monthly Archives: May 2017

capitalism vs socialism

Capitalism Vs. Socialism: Which Is Superior?

 Throughout history, the economic ideologies of both capitalism and socialism have dominated the economic, and, indeed, the political sphere.Some argue that capitalist economies...
Velocity Of Money

Velocity Of Money – Will Paper Currency Soon Become Outdated?

The Velocity Of A $1 Bill The average $1 bill tends to circulate for about four to 15 years, according to the Federal Reserve. And...
protectionism vs globalization

Protectionism Vs. Globalization – Which Policy Prevails?

  The benefits from International trade far outweigh any feasible economic forecast that can be achieved through Protectionism. Although there are pros and cons to...
china's economy

China’s Economic Ship Is Poised To Sink – The Question Is Not If, But...

 It’s fair to say that China has been riding on a wave of optimism in past decades. Unfortunately, that wave could soon hit a storm...
Gas Station Prices

The Gas Station Argument: Why Direct Competition Leads To Different Prices

  Fields. Rural towns. Big cities. Different gas stations charge different prices. This is a simple principle in economics. Price elasticity of demand. To Calculate elasticity...
economic fairness

The Challenges Of Creating a “Fair” Economic System In 2017

The idea of ‘fairness’ in economic terms can be interpreted in several ways. For example: Is it fair that capitalism allows multinational company’s like...
radicalism

Does A Faltering Economy Promote Radicalism?

Introduction Since the infamous 9/11 terror attacks that shook America, and indeed, much of the developed world, many academics have all been looking for exactly what is...
globalization

Understanding The Importance Of Globalization

Introduction In short, Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner. In other words,...

The Vehicle of Your Future

Introduction Welcome, Tesla – the vehicle that will soon populate the already-crowded roads and America’s most valuable automaker as of April 2017. The good old...
geography economy

How Geography Affects The Economy Of A Country

Geographical disadvantages face by the nations outside of Eurasia include not having access to the best crops or large, not having docile animals to...

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