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Chapter 1: Karl Marx on Capitalism
This chapter introduces two key characteristics of capitalism as analysed by Karl Marx in his book Capital. The first is the accumulation principle,...
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Misadventures of Dismal Science
Underlying the euro, there were some misadventures in economics. The first misadventure was the overemphasis of the theory of optimum currency area,...
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The Simple Truths About Leadership Creating a People-Centric Culture
In the middle of the last decade, businesses have suffered serious harm due to the world-wide economic slowdown/great recession, geopolitical...
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National Parks of the Canadian Rocky Mountains
The landformsLandforms and mountain scenery of the BanffBanff, JasperJasper, and Yoho National ParksYoho National Park in the Canadian Rocky...
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Antimatter Versus Dark Matter and Dark Energy
This chapter explains the differences between antimatter, dark matter and dark energy, which are often confused with each other. It also explains the...
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Other Megatrends
Along with energy consumption and expenditures, there are several other megatrends of the global economy whose data provide context for navigating...
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Cosmology And The Human Condition (1935-1936)
In 1935 the average American worker earned around $1,600 a year. A new home cost just under $3,500 dollars and a gallon of gas was 30 cents. A new...
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Chapter 9: Adam Smith on the Abuse of Markets
This chapter discusses key insights from Adam Smith’s economic book The Wealth of Nations in relation to his philosophy book The Theory of Moral...
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Increasing Inequality
Do you think that the Great Recession has given rise to increasing inequality?
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The Last Horizon (1961-1991)
The premature death of his mentor and hero Edwin Hubble left Allan Sandage the task of sorting out the fine details and unanswered questions from the...
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The Corona Crisis
From March 2020 onwards the effects of tiering were soon overlaid by the Corona crisis. As Italy, whose economy was in trouble anyway, was also the...
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Introduction
The rise of China to the status of economic super-power has been the dominant narrative of the last three decades. China’s rise as the main feature...
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The Indispensable Nation?
Americans have been consistently smug about their political system, capitalist economy, social cohesion, and way of life. They have not for the most...
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Scenarios and Trends of the Future
Are we humans freely choosing our future societal and economic organization, or does our organization emerge in response to physical laws as we...
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Big Society and Beyond
In this chapter Davis Smith explores the origins, aims, and failure of the Big Society. It looks at the dismantling of New Labour’s architecture of...
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The Submission of the Euro to the 2% Inflation Standard
In this chapter, the authors discuss the issue as to how the European Monetary Union, despite its advantage of a monetary constitution and no dual...
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Phobia of Deflation
How can we explain deflation phobia of our rulers? How to explain the history of anti-gold populism? In this chapter the authors discuss these...
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Obanomics
The chapter analyses Obama’s main ideas in the field of economics; his reaction to the great recession; and his policies about international economic...
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Lessons of the Crisis for Eurozone Reform
The euro crisis provides a wealth of lessons that should not be ignored. Financial stability was grossly neglected before the crisis. Completing the...
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The Rules of the Game
Not everyone is excited about the new space economy. As progress is made and momentum builds for the new space economy, opposition from entrenched...