Local Exchange Trading System (LETS)
A Local Exchange Trading System (LETS) is a community-based mutual credit system where members can trade goods and services with one another without the need…
Economics
BlackRock Cautions Investors Against Making Bets on the Fed Lowering Interest Rates
According to Wall Street firms BlackRock and others, investors are overconfident that the Federal Reserve will lower interest rates this year and could pay a…
According to the IMF, World Output could be Lost by 2% as a Result of US-China Hostilities
In a research released on Wednesday (April 5, 2023), the International Monetary Fund warned that rising tensions might stymie foreign investment and ultimately result in…
Fiscal Localism
Fiscal localism is a term used to describe the idea of giving local governments greater control over their fiscal policies and resources. It refers to…
Industrial Ecology – a study of material and energy flows
Industrial ecology is a field of study that focuses on the sustainability of industrial systems and their interaction with the environment. It seeks to understand…
Local Purchasing
Local purchasing refers to the act of buying products or services from businesses located within a particular region or community, rather than from national or…
Top Economists Think that the U.S. Financial System Should be of Greater Concern than that of Europe
Following the financial crisis, Europe learnt its lessons and is now well-positioned to withstand additional stress on its banking system, according to a number of…
Labor Theory of Value – an economic theory
The Labor Theory of Value is an economic theory that suggests that the value of a good or service is determined by the amount of…
Green Economy – an economic model
The Green Economy is an economic model that prioritizes sustainable development and environmental protection. It seeks to balance economic growth with environmental sustainability by encouraging…
In March, there were 236,000 New Jobs Created, Which is About what was Anticipated
Although the growth of nonfarm payrolls in March was roughly in line with predictions, it revealed early symptoms of a downturn in the jobs market.…
Community Exchange System – an internet-based global trading network
A Community Exchange System (CES) is a locally-based, decentralized trading network that facilitates the exchange of goods and services between members without the need for…
Local Currency – in Economics
Local currency refers to the official currency of a particular country or region. It is the currency that is commonly used for transactions within that…
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