As parents, all of us want to provide our children with all advantages in life –particularly when it is about their education. Sadly, our school system isn’t teaching our kids about one of the...
Category: Economics
Good Economics for Hard Times by Abhijit Banerjee [Book Summary – Review]
There are so many things going wrong in the world that giving up in despair is more appealing. We know that immigration continues uncontrollably. As this results in high import taxes on goods the...
An Economist Walks Into a Brothel by Allison Schrager [Book Summary – Review]
When the term “risk” crosses our minds, the first thing we imagine is danger threatens our lives, these hard life-decisions which we face once or twice in life. Yet, the risk is what we encounter...
Formerly, things used to be much easier. As soon as you got a good job, you stuck with it until you retired. At that time, your employer was responsible for things, usually paying out a fixed-sum...
Do you know what is "invisible hand" in economic theory? Are you aware of how a free market works? Mercantilism provides a useless accumulation of gold and silver and how does it do this? The...
The Richest Man in Babylon by George S. Clason [Book Summary]
There was a wealthy man called Arkad in antique times in Babylon. Arkad was the wealthiest person in the country. Two childhood friends of Arkad, who saw he as the richest man in the city,...
