So far, we’ve presented the (3) systems’ axioms and the notions of system’s behavior and system’s boundary. We have also explored these ideas via different examples. 1,126 more words
Tags » Economic Systems
By Matt Johnson
So far we’ve established the (3) systems’ axioms; we’ve touched on the notion of systems’ boundaries by using examples of cities; and we’ve established what a system’s behavior is by analyzing the labor force, average weekly wages, and unemployment rate of Minneapolis. 540 more words
Is capitalism the best economic system simply because it suits human nature? That is, are people naturally independent, competitive, and greedy?
Or are people naturally communal, cooperative, and kind? 65 more words
Steven Horwitz writing at the Foundation for Economic Education for an esoteric audience under the headline “Why Environmentalists Need to Understand Economics”—few people understand economics, or care to (of course, they should); and no rational person understands environmentalists (they don’t care about humanity). 606 more words
Part of the excellent Al Jazeera documentary series about Russia, which addresses the problems facing many Russians today. The global economic crisis, conflicts with neighbouring countries and the drop in oil prices all played their part in the demise of the Russian people. 94 more words