Category: Economics

Economics

Can The Economy Grow Forever

The article discusses the concept of exponential growth and its application to the global economy. It explores the necessity of economic growth for improving people’s lives and raises the question of whether infinite growth is possible on a finite planet. The role of technology in increasing efficiency and the debate between infinite growth and a post-growth economy are also examined. The article concludes by emphasizing the need to find a balance between economic growth and sustainability.

Economics

Would You Pass The Wallet Test

A study conducted by the universities of Michigan, Utah, and Zurich, involving over 17,000 front-desk workers worldwide, aimed to understand what drives honesty. The study found that people were more likely to report lost wallets when they contained money, rather than when they were empty, suggesting that self-interest may not be as powerful as previously thought and that individuals’ desire to maintain a positive self-image and be seen as honest can motivate them to act honestly.

Economics

These Companies With No Ceo Are Thriving

Cooperatives, or co-ops, are a significant part of the global economy, employing 280 million people and handling over $2 trillion annually. Co-ops are jointly owned by their members, who can be consumers, producers, or workers, and are controlled democratically. Studies show that co-op start-ups are less likely to close within five years compared to traditional businesses, and co-op workers tend to be happier with their jobs.

Economics

Is Inequality Inevitable

The article discusses wealth inequality in South Africa and explores the question of whether inequality is inevitable. It explains the use of the Gini index to measure inequality and highlights the limitations of this measure. The article also examines the role of government choices and economic systems in contributing to inequality, and discusses ways to reduce inequality, such as progressive taxes, transfers, and access to services. It concludes by emphasizing the global divide in wealth and power and the need to weaken the feedback loops that perpetuate inequality.

Economics

Is Capitalism Actually Broken

The article discusses the different aspects of capitalism and its challenges. It explains how capitalism is not a singular system but rather a spectrum of economies with varying degrees of government control and market influence. The article also highlights issues such as climate change, rising inequality, and the need to address these challenges within the framework of capitalism. Ultimately, it poses the question of whether contemporary capitalism can be fixed or if a new economic system needs to be built.

Economics

How Do We Create A Better Economy

Economist Kate Raworth challenges the conventional wisdom of economic growth as a sign of progress. She argues that our addiction to endless economic growth is leading to severe problems and proposes a new model called the Doughnut Model, which emphasizes the balance between meeting the essentials of life and ecological degradation.

Economics

Food Expiration Dates Don’t Mean What You Think

The article discusses the issue of food waste, particularly in the United States, where 37% of food waste comes from individual households. It highlights the confusion around food labels and expiration dates, with many consumers throwing away perfectly safe food items because they are unsure how to interpret the dates. The article suggests implementing standardized date labels and incentivizing grocers and restaurants to donate unsold food as potential solutions to reduce food waste.

Economics

Should You Switch To Solar

The article discusses the evolution of solar energy from its expensive beginnings to becoming the cheapest form of energy in many countries. It highlights the turning point in solar’s price history, which occurred in Germany in 2000 when legislation incentivized citizens to invest in solar panels. The article also mentions the cost of solar today, the savings it can provide, the challenges of adopting solar, community-based solutions, and the appeal of solar energy beyond just financial savings.

Economics

The Rise And Fall Of Italy’s Warriors-For-Hire

The article discusses the rise and dominance of the condottieri, elite mercenaries who played a significant role in Italian warfare during the 14th and 15th centuries. These mercenaries, many of whom were veterans of the Hundred Years’ War, were hired by wealthy rulers to fight on their behalf and were motivated by financial gain rather than glory or conquest. However, the condottieri eventually declined as they were outmatched by the gunpowder weaponry of state-sponsored militaries in France, Spain, and the Ottoman Empire.

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