In the tumultuous global macroeconomic climate, which we find ourselves in today, people are increasingly looking back in time at the ideas of one revolutionary economist: John Maynard Keynes. The cogitation of the most influential economist of the 20th […]
Consumer surplus is basically an economic measure of consumer benefit, which is calculated by analyzing the difference between what consumers are willing and able to pay for a good or service relative to its market price, or what they actually […]
Actions taken by industrialized nations to lessen global warming by curtailing the use of fossil fuels gained momentum in June 2015. The leaders of the G7 industrialized nations issued a communiqué calling for the phasing out of petroleum-based energy by […]
Every country has a central bank, well, about 99% of all nations have one. Central banks control interest rates on money and thus, determine the price (or exchange rate) of money – to a certain extent. Central banks have the […]
Saturday, May 13th, 2017 Article By: Hafsah Jahan Democracy: Giving power to the masses. It was a doomed sick love story right from the start. We’ve all heard the story of how Democracy grew up and met socialism. Democracy and […]
Saturday, May 13th, 2017 Article By: Lakshya Narula Japan’s central government is more than 1,000,000,000,000,000 Yen in debt ($11 Trillion), which is about 245% of its GDP (Gross Domestic Product) and over $80,000 per capita. There’s little chance of it […]
Wednesday, May 10th, 2017 Article By: David McDonald Military spending is one area where there is no private solution to replace the public purse. No single corporation or group of citizens is sufficiently motivated (or trustworthy) enough to take […]
Justice. The truth, however, is that the court system is flawed in just about every way imaginable. The courts are in the practice of handing out punishments – not justice – which generally work to oppress our country’s racial minority […]
Work / life equilibrium When fate and reality met life they met at an equilibrium. I find it fascinating. Looking at us all running around. Rushed. Late. Now I understand why it’s called the human race. It’s a race against […]
Sunday, May 7th 2017 Article By: Charles St. Pierre A large tax wedge can lead to a dramatic increase in economic efficiency. The market share of […]
