Tag: economics

A True Prisoner’s Dilemma

Banks are no strangers to controversy – we only get a glimpse of their colossal levels of errors of judgement during times like the great financial crash of 2008. Most big banks have a mandate (without your consent) to use funds deposited to trade and participate in complex and highly risky investments like stocks, currencies,

Continue reading

Advertisements

Modern-day Profit Hunters

Crypto Mining

Dealing with Cryptocurrency has its interesting dynamics. There are, however, many hidden facets making it still a mystery to the masses. Not knowing about it makes you prone to, get rich-schemes or outright scams. We are all by now aware of the mania caused by the soaring prices and then, the subsequent decline that followed

Continue reading

Can’t Get No Satisfaction

In economic terminology, the term “utility” has not much to do with multifunctionality nor completing specific useful tasks. It does in context, relate to the level of satisfaction or “completeness/contentment” one derives from the consumption of a product or service. For example, there is only so much pizza one can eat before feeling ill from

Continue reading

Criminal mindedness

One fundamental and often ignored view within economics is that humans have the propensity to display irrational behaviour in the decision-making processes. Based on this notion, one can conclude that we have a fundamental tendency to act corruptly and be generally criminally-inclined except maybe the virtuous few. One can further infer that how advanced an

Continue reading

The fuss about trade disputes

InternationalTrade

What does a small-scale farm-holding, two presidents, some tech companies and their respective local currencies all have in common? Well, the answer might be obvious if you have been paying attention to the so-called trade war between China and the US in the news lately. But why is it of concern and what are the

Continue reading

Nurture State Treasures

Oil

There are many schools of thought on how to manage natural resources. The idea that a non-renewable resource “gifted” by nature to a country is something that should be considered a once-off benefit begs the question of how forward-thinking that nation is. If a country happens to have a wealth of a mineral resource, should

Continue reading