Tags » Economic Systems

Laudato Si': Surprise! They Don't Get It

The Editors of the National Review, et al., don’t get Pope Francis’ encyclical. There is much accusation that Francis employs a simplistic approach to economic matters — a “pot calling the kettle black” scenario if ever there were one — since the writers are guilty of doing the very same thing ( 388 more words

Francis

Better Economic System

Two extremes of economic system

Extreme 1:

DEF 1: A way of organizing an economy so that the things that are used to make and transport products (such as land, oil, factories, ships, etc.) are owned by individual people and companies rather than by the government (www.merriam-webster.com) 628 more words

Vallathol Sudeep Menon

Will China Rule The World?

Some of the blogs I read have this idea that China is going to rule the world.  They cite the AIIB (Asia Infrastructure Investment Bank), and the Silk Road development and the sea route part of the Silk Road, and all the investment that china is doing around the world.   1,938 more words

The German Doctrine of Ordoliberalism

Ordoliberalism is an branch of classical liberalism that developed during the time of the Nazi party. They didn’t agree with the planned economies of Nazi Germany and the Soviet Union. 209 more words

Economic Systems

Colonialism equals delusions of grandeur

Colonialism, as we spoke about in our previous blog, is closely related to Imperialism or even interchangeable. Robert J. C. Young says that Imperialism is the concept while Colonialism is the practise. 1,499 more words

LIG

What Is A Gift Economy and How Can It Reduce Waste?

Today is your lucky day! Today you’re getting an economics lesson.

Most of us remember (hopefully) what the different kinds of economic systems are from high school economics classes: traditional, market, command and mixed. 803 more words

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