The Money Trail of the 2024 Olympic Games

Airbnb has made Barcelona one of Europe’s most popular tourist destinations. But it’s also having a negative impact on the cost of living and quality of life for locals—leaving some questioning whether the benefits of tourism outweigh the costs.

The field of economics is plagued by fallacies, which inevitably influence national policies that end up doing more harm than good. At the root of these fallacies is a tendency to consider only how economic policies will affect specific groups of people in the short term, while neglecting the long-term effects on other industries and consumers. Failure to consider the long-term, broad effects of policies leads the government to impose policies that sometimes exacerbate the problem they intend to solve.

In this often-cited book, Henry Hazlitt gives a clear, concise explanation of the secondary consequences of a range of economic policies—including rent control, inflation, and tariffs. In this summary, you’ll learn how labor-saving technology actually creates more jobs, why minimum wage laws increase unemployment and decrease collective wealth, and how saving money supports the economy more than spending it.

In The Deficit Myth, economist Stephanie Kelton contends that nearly all of the public discourse about national debts and deficits gets the facts entirely wrong. A leading proponent of Modern Monetary Theory (MMT), Kelton champions more aggressive deficit spending by arguing that the U.S. government could finance any program it wishes to create. She advocates a more holistic view of the economy—contending that we ought to focus on poverty reduction, combating climate change, and building a more just and equitable society as the true measures of economic success, rather than focusing solely on the narrow budgetary impacts of legislation.

This guide adds perspective from other economic experts—including voices from outside the MMT community who question Kelton’s theories—in order to present a more nuanced and balanced view of the economic ideas in the book.

Have you ever wondered how the economy works - how millions of individuals can buy and sell goods and services without a master coordinator? Have you wondered why we use money, rather than bartering our services with each other? Why do some nations prosper, while others stay poor despite vast natural resources?

Basic Economics by Stanford economist Thomas Sowell is an incredibly useful, broad introduction to economics. Containing no math, it instead communicates intuitive principles that will help you understand how market transactions work and the effect of policies on the economy. Understand how prices for goods are set, why rent control has bad side effects, and the purpose of brand names.

If you’re planning to start a business, The Unfair Advantage is the guidebook you need to achieve success. Entrepreneurs Ash Ali and Hasan Kubba tell you how to realize your entrepreneurial dreams by finding and using your unfair advantages, the qualities or conditions that give you an edge over competitors. Ali and Kubba explain that everyone has unfair advantages, and you need to use yours if you want to succeed in the ruthless domain of startups.

Drawing on over 20 years of experience building startups and coaching entrepreneurs, Ali and Kubba describe the mindset you must adopt and the steps you must take to achieve startup success—from identifying a viable business idea to building a winning team. In this guide, we’ll examine Ali and Kubba’s tips for finding and applying your unfair advantages. We’ll also compare the authors’ ideas to those of other business leaders—for instance, ideas from Brian Tracy in Goals! and Grant Cardone in The 10X Rule—and share additional steps you can take to achieve startup success.

According to progressive media and politicians, climate change constitutes an existential threat to humanity, requiring drastic cuts in carbon dioxide emissions to avoid catastrophe. However, Bjorn Lomborg argues that, while climate change poses a significant threat, it’s not cataclysmic.

In his 2020 book, False Alarm, Lomborg concedes that climate change will have a notable impact if left unchecked. However, he argues that climate activists’ proposed approaches, like sharply reducing fossil fuel consumption, have unintended economic costs that must be balanced with the effects of climate change alone. Instead, Lomborg outlines several more modest recommendations that, he claims, represent the best approach to climate change.

In this guide, we’ll discuss Lomborg’s arguments about the impact of climate change, along with his assessments of unsuccessful approaches to climate change and his suggestions for alternatives. We’ll also examine counterarguments from climate scientists and discuss some real-world implications of Lomborg’s arguments.

Airbnb has made Barcelona one of Europe’s most popular tourist destinations. But it’s also having a negative impact on the cost of living and quality of life for locals—leaving some questioning whether the benefits of tourism outweigh the costs.

In The White Man’s Burden, economist, NYU professor, and Brookings Institution senior fellow William Easterly argues that the global humanitarian aid system is fundamentally flawed. His main critique is that the international aid system prioritizes top-down, centralized, and tightly directed aid distribution—all controlled by people in rich countries (primarily the United States and those in Western Europe), far away from the developing world that they're meant to be serving. Because the aid community is so disconnected, it creates big plans and sweeping missions that are overly ambitious and completely unsuited for the reality on the ground, it overlooks local needs and concerns, and it rarely holds itself accountable for its failures.

In this guide, we’ve updated some of Easterly’s statistics, supplemented his ideas with more recent examples, and incorporated alternative and opposing viewpoints from leading experts in the fields of economics, political theory, and business.

According to progressive media and politicians, climate change constitutes an existential threat to humanity, requiring drastic cuts in carbon dioxide emissions to avoid catastrophe. However, Bjorn Lomborg argues that, while climate change poses a significant threat, it’s not cataclysmic.

In his 2020 book, False Alarm, Lomborg concedes that climate change will have a notable impact if left unchecked. However, he argues that climate activists’ proposed approaches, like sharply reducing fossil fuel consumption, have unintended economic costs that must be balanced with the effects of climate change alone. Instead, Lomborg outlines several more modest recommendations that, he claims, represent the best approach to climate change.

In this guide, we’ll discuss Lomborg’s arguments about the impact of climate change, along with his assessments of unsuccessful approaches to climate change and his suggestions for alternatives. We’ll also examine counterarguments from climate scientists and discuss some real-world implications of Lomborg’s arguments.

As the Women’s World Cup approaches, players are embroiled in battles with officials around equal rights and equal treatment. In this article, we’ll discuss some of the recent issues and how they might affect the upcoming global tournament.

Have you ever wondered how the economy works - how millions of individuals can buy and sell goods and services without a master coordinator? Have you wondered why we use money, rather than bartering our services with each other? Why do some nations prosper, while others stay poor despite vast natural resources?

Basic Economics by Stanford economist Thomas Sowell is an incredibly useful, broad introduction to economics. Containing no math, it instead communicates intuitive principles that will help you understand how market transactions work and the effect of policies on the economy. Understand how prices for goods are set, why rent control has bad side effects, and the purpose of brand names.