Current Affairs: The Next American Economy by William Holstein Technology Clusters and Ecosystems

The U.S. Bureau of Labor Statistics reported an unemployment rate of 9.2 percent in June 2011. That number remains frustratingly consistent each month as...

Introduction To Macroeconomics: Nature And Scope

Q1: What is microeconomics, Bring out its significance and limitations. ANS: *INTRODUCTION:- - Economics is the study of allocation of scarce resources among competing ends which...

Why $1.2 Trillion Is No Big Deal

Even in these days of scary-big numbers, like $15 trillion of accumulated federal debt, $1.2 trillion would usually still be a big deal. But...

The Recession is Over, Or is it, – The Domino Effect

After we have defined economy as a multidimensional irregular lattice, we can now apply other principles and see if the theory works correctly. What about...

Bureaucratic Management of Public Companies – Where Socialism Proves Its Theoretical Flaws

The last thing you want government to do is to get involved in private enterprise. Capitalism does best when it is allowed to self...

Real Economy is Physical

Economics is an engineering challenge The Wall Street vs Main Street dichotomy has been so overused in the news that it is sickening. It is...

Don’t Let Successful Farmers Succeed and Buy More Land – Says Fidel Castro

Is there any honor in strict adherence to political correctness or treating everyone as equal regardless of effort, performance, or earnest attempts at trying,...

More Debt, Same Medicine – Globalization and Its Discontents by Joseph Stiglitz

Globalization and its Discontents has now been around for ten years. In 2002 the book was published as the tech bubble burst. It was...

Government Spending and What It Means to You

Budgeting and spending by government is different than that by the individual citizen. They seem to be working in opposing directions. What works for...

Economics: A Waste of Time

Studying economics may seem a waste of time to the careless observer, but is it really so, In the words of Joan Robinson, one...

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