Western economies all over are on the verge of collapse. Money is getting printed like there is no tomorrow. Citizens of Western nations recognize that something is all screwed up with the way our economies are run - there is pessimism in the air. Unemployment is growing at a rapid rate. So...
Laissez Faire in economics means policy of the government to let take economy and trade its own course and interfere as less as possible. In other words, it means a free market economy. The term Laissez Faire is a French phrase which means "leave it to be". It is believed that the doctrine of...
PPP or purchasing power parity, is a type of economic technique that is employed when one wants to find out the relative values of two different currencies. The PPP is important because it is a handy technique to use especially because the amount of goods a particular currency can buy will vary...
Societies across the globe are facing the dire consequence that life as we know it is clambering to chaos. Worldwide infrastructures are crumbling, popular culture has become the baseline for values, and dysfunctional governments are now controlling the world. Here are 10 Signs The World Has Gone...
Influential people come in all shapes and sizes in all generations throughout history. Such people can be grouped together by shared affiliations and backgrounds, for whatever purposes people are drawn to make lists. This list offers some interesting biographical tidbits about 50 people of Jewish...
Karl Marx is known as the proponent of the Marxist ideology that many communist uses even at present. Marx was a German economist and philosopher whose beliefs are focused on economic and political system that is anti-capitalism, characterized by equality and equity. Marx was known to be against...
Keynesian Economics is a theory put forth by the British economist, John Maynard Keynes. It was used to analyze the Great Depression and was influential in the decision of the United States government to enforce interventionist economic policies. According to Keyes, a healthy economy encourages...
The term Yuppie is short of Young Urban Professional. A yuppie is usually a member of the middle class, and is aged between 20 to 30 years old. Yuppism is considered a 20th century cultural phenomenon where young, good-earning professionals enjoy living a sophisticated urban life, with limited or...
An oil shortage is predicted by 2015 per U.S. researchers. The International Energy Agency released a report on April 15,2010 with dire predictions for oil consumption and prices. The IEA found that the oil demand, by the end of 2010, will reach an astounding 86.6 barrels a day with a 2% rise...
Just as the global economy is starting to slowly inch forward again, it could all come crashing down as energy supplies could begin to dwindle. A leading energy expert is claiming that we are well passed peak oil, and headed towards a major energy crisis that will effect the economy in negative...
