The World's Best Book Summaries
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? 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.
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.
When are natural resources a detriment rather than a benefit to a nation? How can the presence of a coastline make a country richer? The geography theory of international inequality argues that differences in the physical locations of countries determine—or at least strongly influence—their economic success. Proponents of this theory point to two main geographical factors: natural resources and topography. Read more to learn about these factors that can lead to geographic inequality among nations.
Why do Protestant nations generally have more wealth? Why did the American South develop more slowly than the North? It’s no secret that some countries and regions have more wealth than others, but it’s not always obvious why that is. Proponents of cultural theories of inequality argue that three cultural values contribute to whether a nation is rich or poor. These are work ethic, openness to new ideas, and public trust. Read more to learn about the intriguing connection between culture and economy.
Is the global wealth gap inevitable? Is it possible that we can minimize—or even close—it? Some countries have more wealth than others because of some combination of geographical differences, cultural differences, political differences, and exploitation. Various economic analysts have suggested some ways that nations and peoples can work to close the gap. Keep reading to learn about three proposed global wealth gap solutions.
How do politics affect the economy of a nation? What internal and external political factors could be in operation? Of course, geography and culture impact a country’s economy. But, politics also play a significant role. When we examine the global wealth gap, we must consider political factors from inside and outside a nation that contribute to its wealth or poverty. Continue reading to learn how politics make a difference in a nation’s economy.
Why are some countries poor and others rich? Is it the result of factors and circumstances determined long ago—or of contemporary political and economic decisions? Historians, economists, and others have pondered these questions for centuries. We’ll outline the four causes of the global wealth gap that several of these analysts propose: geographical differences, cultural differences, political differences, and exploitation. Read more to learn why some countries have more wealth than others.
What is merger arbitrage? How does a merger impact share values, and how can you use those changes to your advantage? Merger arbitrage is a strategy where investors take advantage of changing share values when one company acquires or merges with a second company. When shareholders receive new shares in a merger, they often sell those shares at a bargain price, creating an opportunity for special-situation investing. Learn more about what merger arbitrage is with these concepts from Joel Greenblatt’s You Can Be a Stock Market Genius.
What are good investment strategies for beginners? How do you choose investments when you’re just starting out? Investment strategies for beginners include doing original research, value investing in bargain stocks, and focusing on your portfolio. When you’re just starting out, it’s a good idea to gather as much information as you can about potential investments. Learn more about how to choose investments with these tips from hedge fund manager Joel Greenblatt.