Discover the fascinating history of money, from seashells to government debt, and explore the rise of Bitcoin as the digital age's newest solution to the problem of money. Economist Saifedean Ammous argues that Bitcoin's true importance may lie in providing a decentralized, neutral, free-market alternative to national central banks. Dive into this thought-provoking analysis of sound money, economic growth, and international peace, and learn how Bitcoin could shape the future of our monetary system. Recommended for economics students, investors, and anyone interested in the history and future of money. This book offers a comprehensive analysis of the mechanics of Bitcoin and its potential to challenge the global monetary order. The author's exploration of sound money and its benefits to economic growth, innovation, and individual freedom make this book relevant to a wide range of fields of study and professions. Additionally, the book's focus on Bitcoin as a store of value and network for settlement between large financial institutions may be of particular interest to those in the finance industry.

Dartmouth and MIT economists argue that the speed of automation is excessive, and firms should consider the consequences of automation on their workers. The government should tax automation to slow down its adoption while workers retrain and transition to new jobs. The proceeds of the tax could be used to finance retraining or compensate displaced workers. According to the researchers, automation should not be taxed forever. The government can stop taxing automation approximately 40 years from now, as displaced workers eventually find new jobs or exit the workforce at retirement.

Are you fascinated by the world of finance and the workings of the global economy? Do you have a keen eye for detail and an analytical mind? If so, then studying Economic Research at university could be the perfect choice for you. Economic Research is a dynamic and exciting field of study that delves into the intricacies of the global economy. It combines the principles of economics and statistics to analyze and understand economic phenomena, such as market trends, consumer behavior, and government policies. One of the most interesting aspects of Economic Research is the ability to apply your knowledge to real-life situations. For example, you could analyze the impact of a new tax policy on the economy or predict the effects of a natural disaster on a particular industry. Your research could help businesses and governments make informed decisions that have a real impact on people's lives. There are many renowned academic figures in the field of Economic Research, such as Paul Krugman, Joseph Stiglitz, and Esther Duflo, who have made significant contributions to the field. Their innovative research and academic discourse have helped shape our understanding of the global economy. At undergraduate level, you can expect to study a range of modules, including microeconomics, macroeconomics, econometrics, and financial economics. You may also have the opportunity to specialize in areas such as behavioral economics, international finance, or development economics. The skills and knowledge you gain from studying Economic Research can open up a wide range of career opportunities. You could work in finance, consulting, or government, among other industries. Notable potential employers include the World Bank, the International Monetary Fund, and Goldman Sachs. To succeed in Economic Research, you will need to have strong analytical skills, attention to detail, and a passion for economics. You should also be comfortable working with data and have excellent communication skills to present your findings effectively. In conclusion, studying Economic Research is a fascinating and rewarding choice for anyone interested in the global economy and its impact on society. With a range of potential career paths and the opportunity to make a real difference, it's a field of study that is both challenging and fulfilling.

Get ready for the future of money! The UK Treasury and Bank of England are exploring the possibility of a digital pound, which could offer a trusted and accessible way to pay in the digital age. While it may use similar technology to cryptocurrencies like Bitcoin, the digital pound would be less volatile and always worth the same as cash. This could lead to a new way of making payments, with varying degrees of privacy for consumers. Don't miss out on this monetary science fiction!

The Imperial College Business School conducted a study that reveals the wealth gap in the US has grown faster than in Europe, and the primary cause of this phenomenon is the significant increases in stock market prices. The research aims to explore the reasons behind the growing wealth inequality in the US and identify the necessary actions to address it.

Economics is the study of how societies allocate resources, and it's a fascinating field that can lead to a wide variety of career paths. If you're interested in understanding how the world works, and how money and resources are distributed, then a career in economics might be perfect for you! As an economist, you'll be responsible for analyzing data, making predictions, and advising businesses, governments, and other organizations on how to make the best use of their resources. You'll use your analytical skills to identify trends and patterns, and your communication skills to explain your findings to others. One of the most appealing aspects of a career in economics is the wide range of potential specializations. You might focus on macroeconomics, studying the overall performance of national or global economies. Or you might specialize in microeconomics, analyzing the behavior of individual consumers and businesses. Other areas of specialization include international economics, environmental economics, and health economics. To become an economist, you'll need at least a bachelor's degree in economics or a related field. Popular undergraduate programs include economics, finance, and business administration. Many economists also go on to earn advanced degrees, such as a master's or doctorate in economics. In addition to a strong educational background, there are several personal attributes that can be helpful for a career in economics. These include strong analytical skills, excellent communication skills, and the ability to work well under pressure. You should also be comfortable with math and statistics, as these are key tools in the field of economics. Job prospects for economists are generally strong, with many opportunities available in both the public and private sectors. Some notable employers include the World Bank, the International Monetary Fund, and the Federal Reserve. Private sector employers might include consulting firms, financial institutions, and multinational corporations. Overall, a career in economics can be both intellectually stimulating and financially rewarding. If you're interested in understanding how the world works and helping organizations make the most of their resources, then economics might be the perfect field for you!

In "Bad Samaritans," economist Ha-Joon Chang challenges the conventional wisdom of free-market globalization and its champions like Thomas Friedman. Using humor and historical examples, Chang argues that protectionism and government intervention are the true keys to prosperity for today's economic superpowers. He exposes the myths of free-market ideology, including the hypocrisy of patent and copyright protection, and the false assumption that centrally planned economies stifle growth. This provocative and contrarian history of global capitalism will challenge your assumptions and make you think twice about the policies we force on developing nations. Recommended for students of economics, political science, and global studies, as well as anyone interested in the history and politics of globalization and economic justice. This book will appeal to those who question the orthodoxies of free-market capitalism and want to explore alternative models of economic development. It will also be of interest to activists and policymakers concerned with the impact of globalization on developing nations and the role of government in promoting economic growth. Chang's engaging style and irreverent wit make this a thought-provoking and accessible read for anyone seeking a deeper understanding of the complex issues surrounding global capitalism.

Economics is the scientific investigation of how human societies utilize limited resources to satisfy their desires and demands. It offers a comprehensive view of how people, corporations, and authorities determine the most efficient methods of generating, exchanging, and consuming products and services to achieve their objectives. One of the most interesting aspects of Economics is the way it applies to real-world scenarios. For example, how the price of a particular good affects consumer behavior, or how international trade agreements can impact economies on a global scale. This makes it a relevant and meaningful subject to study. The field of Economics is constantly evolving, with new research and innovations being produced all the time. For example, the recent Nobel Prize-winning work of Esther Duflo and Abhijit Banerjee in the area of development economics, which looks at ways to alleviate poverty and improve the lives of people in developing countries. The work of Paul Krugman in international trade and Joseph Stiglitz in information economics are also important contributions to the field. At the undergraduate level, typical majors in Economics include microeconomics, macroeconomics, econometrics, and international economics. These modules provide students with a foundation in economic theory, statistical analysis, and problem-solving. From there, students can specialize in areas such as financial economics, environmental economics, or public policy. A degree in Economics can lead to a wide range of careers in various industries. Some examples of potential jobs include financial analyst, market research analyst, economist, data analyst, and policy analyst. Notable employers in this field include the World Bank, International Monetary Fund, and Federal Reserve. Additionally, many private companies such as Amazon and Google hire economists to help with business strategy and analysis. To succeed in Economics, it is helpful to have strong analytical and problem-solving skills, as well as an interest in current events and trends. Students who enjoy math and data analysis will also find this subject rewarding.

Are you curious about how the world's economy has shifted over the past two centuries? Richard Baldwin's 'The Great Convergence' offers a fresh perspective on globalization and its impact on the world's income distribution. Baldwin explains how the industrial revolution and information technology have driven the Great Divergence and the Great Convergence, respectively. This insightful book explores the challenges that nations face in maintaining growth and social cohesion in our rapidly changing global economy. Discover how technological advancements have transformed the way we think about globalization and its impact on our world today." Recommended for economics students, policymakers, and anyone interested in understanding the changing landscape of the global economy. This book is particularly relevant for those interested in the impact of technology on globalization and its effects on income distribution. The author's analysis of the Great Divergence and the Great Convergence offers a unique perspective on the history and future of globalization. This book is also relevant for those interested in the challenges that nations face in maintaining growth and social cohesion in our rapidly changing world.

Do you ever wonder why prices seem to go up every year? That's called inflation, and it's an important economic concept to understand. Inflation can impact everything from the cost of your groceries to the availability of jobs. While a little bit of inflation is healthy for the economy, too much can cause problems for households and businesses. As a high school student, learning about inflation can help you better understand how the economy works and how it affects your daily life. By understanding inflation, you can make better financial decisions, plan for your future, and even contribute to a healthy economy. Don't be afraid of the term "inflation" – it's a fundamental concept that you can learn and use to your advantage.

Are you fascinated by the inner workings of the global economy and curious about the trends and patterns that drive financial markets? Do you have a passion for data analysis and critical thinking? If so, a career in economic research might be just the thing for you. Economic researchers use their expertise in statistical analysis and economic theory to analyze complex economic data, identify patterns and trends, and produce insights that inform business decisions, government policy, and investment strategies. They work in a variety of settings, including government agencies, research institutions, consulting firms, financial institutions, and academic institutions. One appealing aspect of economic research is the potential to work on projects that have a real-world impact. For example, a researcher might be involved in analyzing the effects of a proposed policy change on the economy, or in identifying emerging trends in a particular industry. Economic research can also involve fascinating work on topics such as income inequality, global trade, and the intersection of technology and the economy. As an economic researcher, you might work on a wide range of projects, from analyzing consumer behavior to examining the economic impact of a particular industry on a local economy. You could specialize in areas such as international trade, environmental economics, or labor markets. Economic research can also lead to careers in related fields such as data science, finance, and business consulting. To become an economic researcher, you will typically need a strong background in economics, mathematics, and statistics. A degree in economics, mathematics, or a related field is often required, and many economic researchers also have advanced degrees such as a Master's or Ph.D. in economics. Popular undergraduate majors for those interested in pursuing a career in economic research include economics, mathematics, and statistics. Helpful personal attributes for economic researchers include strong analytical skills, attention to detail, and the ability to work independently and as part of a team. Good communication skills are also important, as economic research often involves presenting complex data and insights to non-experts. The job outlook for economic researchers is generally positive, with steady demand for their expertise in a variety of industries. Employers of economic researchers include government agencies such as the Federal Reserve and the Bureau of Labor Statistics, financial institutions such as Goldman Sachs and JPMorgan Chase, and research institutions such as the Brookings Institution and the RAND Corporation.

Jaron Lanier, the father of virtual reality, presents a daringly original critique of our digital networks in his book, "Who Owns the Future?". He argues that the concentration of money and power in these networks has led to the recession, endangered privacy, and hollowed out the middle class. Lanier predicts how technology will transform our humanity and offers a path towards a brighter future, proposing an information economy that rewards ordinary people for what they do and share on the web. This provocative and deeply humane book is a must-read for anyone interested in the intersection of technology, economics, and society. Recommended for students of economics, computer science, sociology, and political science, as well as professionals in the tech industry and policymakers interested in the impact of technology on society. The book's exploration of the concentration of money and power in digital networks and its effects on the economy, privacy, and the middle class is relevant to anyone concerned with the future of work and the role of technology in shaping society. Furthermore, Lanier's proposal for an information economy that values the contributions of ordinary people offers a refreshing alternative to the current state of affairs.

Cartels, a combination of two or more companies working together to control prices and restrict competition, have been a hot topic in the economic and political world for centuries. From De Beers, the infamous diamond cartel, to OPEC, the global oil cartel, these organizations have a profound impact on the world's economy and politics. Some cartels, such as De Beers, have been able to maintain their control for decades, while others, like the American sugar cartel in the early 20th century, have been dissolved for violating antitrust laws. So, what makes a cartel legal or illegal? Economist Joseph Stiglitz explains that legal cartels are those that operate within a framework of laws and regulations, while illegal cartels engage in anti-competitive behavior, such as price fixing or market division. Legal cartels, like De Beers, have the potential to increase efficiency and innovation in the market. Illegal cartels, on the other hand, can lead to increased prices for consumers and a decline in market competition. The factors that determine the legality of a cartel also include government intervention, consumer protection, and market conditions. For example, OPEC, while considered a legal cartel, operates within strict regulations set by the governments of its member countries. It's important to understand the impact that cartels have on the global economy and politics. By exploring the complexities and nuances of legal and illegal cartels, you'll take a step further in gaining a deeper understanding of economics and political systems.

Chinese companies are leading the way in management innovation with their approach to "digitally enhanced directed autonomy" (DEDA). Using digital platforms, Chinese firms are granting employees autonomy at scale, supporting them with technology, and setting clear business objectives. This approach challenges the conventional Western model of management and offers lessons for firms feeling their way through a still-developing era of management. Learn how Chinese companies like Handu Group and SF Express are using DEDA to maximize internal entrepreneurship and respond dynamically to changing consumer demands and market trends.

Does money buy happiness? Research shows that, on average, larger incomes are associated with ever-increasing levels of happiness. But the relationship becomes more complex when considering emotional well-being. An adversarial collaboration between researchers from Princeton and Penn universities reconciles contradictory findings and shows that, while most people experience greater happiness with larger incomes, an unhappy cohort in each income group shows a sharp rise in happiness up to $100,000 annually and then plateaus. For everyone else, more money was associated with higher happiness to somewhat varying degrees.

Contrary to popular belief, small businesses can benefit from minimum wage increases. A new study from UC Berkeley shows that higher wages lead to less turnover, increased productivity, and better recruitment. The study challenges the conventional wisdom that small businesses suffer more from higher labor costs and are more likely to cut jobs. The findings have significant implications for public policy and reduce poverty and financial insecurity.

The global financial crisis of 2008 led to economic turmoil and widespread job loss, but the role of OTC (over-the-counter) derivatives in the crash is not well understood. These complex financial instruments were designed to reduce risk, but they amplified it, resulting in massive losses and a bailout that cost taxpayers trillions of dollars. OTC derivatives are contracts that allow parties to speculate on the future value of assets such as stocks, bonds, or commodities. They are privately negotiated and not traded on public exchanges, which makes them less transparent and harder to regulate. Banks and other financial institutions created increasingly complex and risky derivatives, such as credit default swaps (CDS) that allowed investors to bet on the likelihood of default on mortgages and other debt in the years leading up to the crisis. When the housing bubble burst and homeowners began defaulting on their mortgages, the value of CDS contracts plummeted, causing massive losses for those who held them. This triggered a chain reaction of failures and bailouts as banks tried to shore up their balance sheets and avoid bankruptcy. The government bailouts of banks and other financial institutions during the crisis are estimated to have cost $12.8 trillion globally, including direct and indirect costs such as lost tax revenue and economic output. Leading academics have been critical of the lack of transparency and regulation in the OTC derivatives market. Senator Elizabeth Warren, a law professor and former chair of the Congressional Oversight Panel for TARP, has argued that the complexity and opacity of these instruments makes it difficult to assess risk and protect consumers. Nobel laureate economist Joseph Stiglitz has also warned of the dangers of unregulated financial innovation, calling for stronger oversight and better risk management. Understanding the role of OTC derivatives in the global financial crisis is a lesson in the need for transparency, accountability, and responsible risk management in the world of finance. By exploring this and related topics in more depth, students can gain valuable insights into the workings of the economy and the forces that shape our world.

Are you a math whiz with a passion for problem-solving? Do you want to use your skills to make a real impact on the world around you? Then Actuarial Science might be the perfect field of study for you! Actuarial Science is the study of risk and uncertainty, and how to manage them effectively. This fascinating field combines mathematics, statistics, economics, and finance to help individuals and organizations make informed decisions about the future. Actuaries are experts in assessing the likelihood of future events, such as accidents, natural disasters, and financial crises, and use this knowledge to develop strategies to mitigate risk and protect assets. One of the most appealing aspects of Actuarial Science is its real-world relevance. Actuaries play a vital role in a wide range of industries, including insurance, finance, healthcare, and government. For example, an actuary working in the insurance industry might use statistical models to predict the likelihood of future claims, while an actuary in the healthcare industry might develop strategies to manage the costs of medical treatments. In recent years, Actuarial Science has also been at the forefront of exciting research and innovation. For example, actuaries have been instrumental in developing new models to assess the risks associated with climate change, and in developing new financial products to help individuals and organizations manage these risks. At the undergraduate level, students studying Actuarial Science typically take courses in mathematics, statistics, economics, and finance, as well as specialized courses in actuarial science. These courses cover topics such as probability theory, financial mathematics, and risk management. After completing their undergraduate degree, students can choose to specialize further in areas such as life insurance, general insurance, or pensions. Many actuaries also choose to pursue advanced degrees, such as a Master's in Actuarial Science or a Ph.D. in a related field. So what kind of careers can you pursue with a degree in Actuarial Science? The possibilities are truly endless! Actuaries are in high demand in a wide range of industries, including insurance, finance, healthcare, and government. Some of the most popular career paths for actuaries include roles in insurance pricing and product development, risk management, and investment management. Some of the most attractive potential employers for actuaries include well-known companies such as AIG, Allianz, and MetLife, as well as government agencies such as the Federal Reserve and the Social Security Administration. To succeed in Actuarial Science, you'll need a strong foundation in mathematics, statistics, and economics, as well as excellent problem-solving skills and attention to detail. You'll also need to be able to communicate complex ideas clearly and effectively, both in writing and in person. If you're looking for a challenging and rewarding career that combines your love of math with your desire to make a real impact on the world, then Actuarial Science might be the perfect field of study for you!

Discover the future of government bank bailouts with AI! Learn how a new algorithm, developed by top researchers, can help officials make the best financial decisions for taxpayers during a crisis. Explore the complex world of financial, social, and political implications of bailouts like never before!

As a high school student, you may have heard of the term "trickle-down economics." This concept was introduced in the 1980s, when President Ronald Reagan's administration implemented policies to stimulate the US economy. The key academic concepts here are tax cuts and their impact on the government's revenue, the economy, and people's lives. By understanding these concepts, you can learn how economic policies affect society, and how to analyze them critically. Moreover, by exploring this topic, you can develop your research and writing skills, and engage with current events that may impact your future. While there is no clear answer as to whether trickle-down economics is an effective policy, exploring this topic can provide valuable insights into economic theory and current political discourse. So why not explore this fascinating topic further and discover new perspectives on economic growth?