Economics Archives

What Is the Nature of Money? Gaining Monetary Respect

What’s the nature of money? How does money reflect your priorities and understanding of abstract concepts? According to Thou Shall Prosper by Daniel Lapin, money is a reflection of you: Everything from your possessions to your time, creativity, and energy can be measured in monetary value. For instance, when you go to work, you’re selling your time and energy in exchange for money. Continue reading to learn more about the true value of money.

How to Manage Financial Risk: Preparing for Market Downturns

Are you worried about losing money from investing in a failing market? How can you manage financial risk? In The Joys of Compounding, Gautam Baid advises mitigating potential losses by mastering risk management. In a landscape teeming with unpredictability, safeguarding your investments is essential. Learn how to manage financial risk so you remain shielded against unforeseen market downturns.

Conscious Capitalism: Book Overview and Takeaways

What’s the book Conscious Capitalism about? How can you make your business more ethical? Conscious Capitalism by John Mackey and Rajendra Sisodia covers the philosophy of conscious capitalism and how to practice it. This is a version of capitalism that they say is good for everyone involved in the business, from customers to investors. Read below for a brief Conscious Capitalism book overview.

The Fabless Business Model: Prioritizing Design

What is a fabless business model? Do companies benefit from prioritizing design over manufacturing? The fabless business model is a design-centric model wherein a company focuses only on designing products rather than both designing and manufacturing. Digging deeper into the origins of the fabless model, you can see where and how this model has played a role in economic development. Continue reading to learn what makes the fabless model successful.

What Is Conscious Capitalism? Definition and Benefits

What is conscious capitalism? Why is there a need for an improved version of capitalism? In Conscious Capitalism, John Mackey and Rajendra Sisodia explain why they believe free-market capitalism benefits people, despite common critiques of the system. They further explain how conscious capitalism improves on traditional capitalism, addressing those critiques. Continue reading for a breakdown of conscious capitalism and how it benefits businesses.

The Pros and Cons of Dynamic Pricing (& Is It Ethical?)

What is dynamic pricing? Who does dynamic pricing benefit and harm? Dynamic pricing, also known as surge pricing, is spreading across US industries—from flights and rideshares to restaurants, retail, and entertainment. Dynamic pricing can help companies, but it’s also criticized for exploiting consumers, harming lower-income buyers, and eroding customers’ trust. Here’s a look at dynamic pricing pros and cons.

3 Capitalism Myths: Explained and Debunked!

What are common capitalism myths? Is free-market capitalism good for society? According to Conscious Capitalism by John Mackey and Rajendra Sisodia, free-market capitalism is the ideal economic system. However, there are some misconceptions about capitalism. Continue reading for a deeper dive into these capitalism myths.

The Solution to Capitalism: Should We Fix It or Ditch It?

What’s the solution to capitalism? Does capitalism need to be replaced or can it be improved? Capitalism has come under scrutiny in recent years, and while capitalism is theoretically sound, it’s misunderstood and implemented poorly. Thankfully, Conscious Capitalism by John Mackey and Rajendra Sisodia has the solution to capitalism. Here’s how Mackey and Sisodia would fix capitalism with an improved version.

Why Is Conscious Capitalism Important? To Please Everyone

Why is conscious capitalism important? How does conscious capitalism benefit businesses and society? In Conscious Capitalism, John Mackey and Rajendra Sisodia discuss how conscious capitalism benefits all interested parties in businesses. They further explain why each party is important to business to emphasize why this economic system is so crucial. Keep reading to learn how conscious capitalism takes everyone into account.

Linking Natural Resources and Wealth: For Richer or Poorer

Do natural resources make a country wealthy? What if natural resources are the primary driver of a nation’s economy? A key factor of geography theory is access to natural resources—everything from farmable land to oil to fresh water. These resources can determine whether a nation becomes rich or poor. But, it’s not necessarily a straightforward proposition. Continue reading to learn about the complex link between natural resources and wealth.