- Oct 2023
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economist Milton Friedman, and especially in hisideas on education. Back in 1955 Friedman had turned his attention to educationand written The Role of Government in Education. Education intrigued himbecause of its strange and, for the market model, rather irritating position in themarketplace. It didn’t quite fit into a neat demand-and-supply framework withchoice at the centre.
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- May 2023
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en.wikipedia.org en.wikipedia.org
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the Carthusian monks decided in 2019 to limit Chartreuse production to 1.6 million bottles per year, citing the environmental impacts of production, and the monks' desire to focus on solitude and prayer.[10] The combination of fixed production and increased demand has resulted in shortages of Chartreuse across the world.
In 2019, Carthusian monks went back to their values and decided to scale back their production of Chartreuse.
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- Feb 2021
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www.thebalance.com www.thebalance.com
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21st Century Economics (USA)
Economic Theory of a Market Economy, Characteristics, Pros, and Cons
Americans and the World believe or want to believe that the United States is built upon a Market Economy.
Historical context validates a classic Market Economy theory as directed by our Founding Fathers and Constitution. We clearly do not have a pure Market Economy today (2021).
- To Big to Fail - (Bailouts)
- Farm Subsidies
- Political Influence (money, lobbying, tenure)
- Government Agencies
- Military/Industrial Complex
- Federal Reserve (Central Banking)
- Social Security
- Medicare
- Other
Most Americans lump (through education) the concept of economics and government together, into 3 basic categories; Capitalism, Socialism and Communism.
The U.S. is a Capitalist Nation with a corresponding market economy.
Is this statement Fact or Hypothesis ?
Can we still rely on textbook economic models in the 21st Century?
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- Sep 2020
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www.nature.com www.nature.com
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Fischer, Sean, Kokil Jaidka, and Yphtach Lelkes. ‘Auditing Local News Presence on Google News’. Nature Human Behaviour, 21 September 2020, 1–9. https://doi.org/10.1038/s41562-020-00954-0.
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- Jul 2019
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Statewide home values climbed 14 percent over the past year, nearly double the growth rate of U.S. home rates at 8 percent, according to real estate website Zillow. Utah’s household income is rising at 0.4 percent annually, while housing prices are increasing much faster at 3.3 percent, according to the University of Utah’s Kem C. Gardner Policy Institute
Surge in demand leads to competition. Prices remain soaring high while income growth falls far behind.
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