Articles in the Economics Category

Social Welfare by Government Actions?
Posted in Economics, Society on 14 June 2008

The purpose of this essay is to address the role of government for private market and to find out the extent and the scope that government’s involvement with private establishments can be justified by economics. It seems to be assumed that government has a fundamental and necessary role in the business of private enterprises. This is not merely an assumption—it is the current paradigm and dogma.

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Money is not the wealth
Posted in Economics, Personal, Society on 19 June 2007

Money is only a medium of exchange. It is not the wealth. It only presents the future wealth we believe it can provide us in form of goods and services from other people whom we hope to accept our money in an exchange for our desired goods and services.
Wealth is created by people who produce [...]

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The Growth Paradigm
Posted in Business, Economics, Personal, Society on 2 June 2007

We focus on growth—it’s everything. Our current economy is based on the ever-expanding growth paradigm. It does not work without it. Our monetary base grows every year. Valuations need to grow, as well as profits and revenues. The society is driven by this growth mania.
And how do we do this? By producing and consuming more, [...]

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Vicious Circle
Posted in Business, Economics, Personal, Society on 14 August 2006

The economy is based on the productivity of us, the people. If we are taken off the equitation, nothing gets done either. We live by our efforts and abilities. Everything in our society is based on the efforts of someone, and his or her capabilities. If you need bread you get it from someone who [...]

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Observations about the state of affairs
Posted in Economics, Society on 4 February 2004

I have decided to try to see the world a bit differently than before. Actually I cannot switch back anymore. Some time ago I started to watch movies by thinking how they are made up. After a while it really started to irritate that one could not enjoy the plot since almost all the scenes [...]

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