Narrative Economics by Robert Shiller [Book Summary – Review]
Have you ever given it a thought about what the reason behind financial markets and economies occasionally work in bizarre manners is? After all, most economists will explain that everything concerns...
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...
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...
