Could Mario Kart Teach Us How to Improve Sustainability and Reduce World Poverty?
The exhilaration of racing down Rainbow Road, squeaking around a curve, and grabbing a power-up from one of the floating square icons on the screen…
Economics
Study Discovers Correlation Between Wealth Changes and Cardiovascular Health Changes
Researchers at Brigham and Women’s Hospital have recently investigated the relationships between long-term cardiovascular health and income mobility. The transdisciplinary study used economics methods to…
A New AI-Powered Tool to Identify and Recommend Jobs is Developed by Researchers
Workers who make cars, long-haul airline pilots, coal miners, and shop assistants many workers are compelled to embark on the challenging and perhaps upsetting task…
Energy Researchers Claim that a Clean Hydrogen Economy in the US is Workable but Requires a Strategy
In addition to a clean electrical system, reducing emissions from industrial heat, long-distance heavy transportation, and long-duration energy storage are all necessary to combat climate…
The Effect of Re-Enrolling and Finishing a Bachelor’s Degree on Annual Income
A Kansas State University economist found that going back to school to get a bachelor’s degree causes both an immediate rise in annual income after…
Sectoral Balances – a framework for macroeconomic analysis
The sectoral balances (also known as sectoral financial balances) are a sectoral analysis framework for macroeconomic analysis of national economies developed by British economist Wynne…
National Account Systems (NAS)
National accounts, also known as national account systems (NAS), are the implementation of comprehensive and consistent accounting techniques for measuring a country’s economic activity. These…
Ecological Footprint – a Tool for Measuring Human Demand
The Global Footprint Network promotes the ecological footprint as a tool for measuring human demand on natural capital, i.e. the amount of nature required to…
Adverse Selection – a Market Situation
Adverse selection refers to a situation in which sellers have information about a product’s quality that purchasers do not, or vice versa. Adverse selection is…
Artificial Scarcity – in Capitalist Economics
Artificial scarcity refers to the shortage of commodities notwithstanding the availability of production technologies or sufficient capacity for sharing. It refers to a perceived scarcity…
Virtual Economy
A virtual economy (or often synthetic economy) is an emerging economy that exists in a virtual world and typically exchanges virtual products in the setting…
Inferior Good – in Economics
An inferior good is a term used in economics to describe a good whose demand decreases as people’s earnings rise. In economics, an inferior good…
Load More