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Economics | Business

Home » Economics | Business » Page 3

The Case for Profit Caps: Stabilizing Prices in Natural Monopolies and Oligopolies

Posted by By Edward Franklin July 21, 2024Posted inEconomics | Business
In today's rapidly evolving economic landscape, the debate over profit regulation continues to gain traction. One particularly compelling argument centers on the implementation of profit caps as a means to…
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The Future of Work: Necessity or Legacy?

Posted by By Edward Franklin April 21, 2024Posted inEconomics | Business, Random Thoughts | Theories
Imagine a world where robots handle mundane tasks, AI tackles complex problems, and humans can pursue their passions. It sounds utopian. Rapid advancements in automation and artificial intelligence fuel this…
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Reimagining the Economy: Could a Nonprofit Model Reduce Inequality?

Posted by By Edward Franklin February 26, 2024Posted inEconomics | Business
The traditional capitalist model, driven by profit-seeking enterprises, has undoubtedly generated wealth and innovation. However, this system has also exacerbated income inequality and social disparities. What if we explored a…
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Rethinking Drug Legalization: A Path to a Safer Society

Posted by By Edward Franklin October 31, 2023Posted inEconomics | Business
The debate over drug legalization has raged on for years, with passionate arguments on both sides. One perspective to consider is the potential benefits of legalizing all drugs. In this…
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The Government Budget is Not a Household Budget: Debunking a Common Fallacy

Posted by By Edward Franklin October 27, 2023Posted inEconomics | Business
One of the most enduring metaphors in public discussions of government finance is the comparison between the federal and household budgets. The argument goes like this: "Just as households must…
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Behavioral Economics and How We Might Use It to Overcome Our Evolutionary Biases

Posted by By Edward Franklin October 26, 2023Posted inEconomics | Business
Evolutionarily speaking, we are wired to seek immediate rewards. This is because our ancestors lived in environments where resource s were scarce and unpredictable. As a result, they evolved to…
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