thomas malthus
Economy Education People

Malthusian Trap: How Humans Escaped The Cycle of Misery (For Now…)

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This post originally comes from BrainFeed.co. The Malthusian Trap is a theory which argues that, unchecked, population growth will outpace increases in food production and inevitably lead to global famine. The theory is named after Thomas Robert Malthus (1766-1834), the economist who proposed this principle in 1798. Malthus failed to account for agricultural innovation, which has helped bring […]

belle epoque
Economy Education

Belle Époque: The Era of Excess and Inequality

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This post originally comes from BrainFeed.co. The Belle Époque (“Beautiful Era”) was a period of European history that dates from 1871 to 1914. During this time, Western countries experienced rapid economic growth, made major scientific breakthroughs, and improved political and human rights. For most Europeans, these developments led to a higher quality of life, and so these years are […]

elephant graph
Economy International

This Chart Explains Wealth Inequality: The Elephant Graph

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This post originally comes from BrainFeed.co. The Elephant Graph shows changes in global incomes over the 20-year period from 1988-2008. It demonstrates who has gained from global trade — and who hasn’t — since the Cold War. The big winners are the global middle class, especially in Asian countries, and the ultrarich. Meanwhile, incomes have stagnated among European […]

webvan
Silicon Valley Stocks Tech

Webvan: The Dotcom Bubble’s Biggest Bust

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This post originally comes from BrainFeed.co. Webvan was one of the first online grocery stores and is among the most famous Dotcom Bubble busts. The company raised nearly a billion dollars from investors, but went bankrupt after just two years of operations. Webvan’s strategy of “growth at any cost” was characteristic of many failed Dotcom Bubble companies. Same […]

Crypto Education Investing Markets

What Exactly is a Bitcoin?

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This post originally comes from BrainFeed.co. On Halloween 2008, in the midst of the financial crisis, a paper titled Bitcoin: A Peer-to-Peer Electronic Cash System was sent to a cryptography mailing list. The paper was written by an anonymous person (or persons) named Satoshi Nakamoto. Nakamoto described Bitcoin as a digital currency that would allow transactions between two parties without […]

pareto principle
Economy Education People

The Pareto Principle: Pea Pods’ Important Contribution to Business Theory

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This post originally comes from BrainFeed.co. Back in the pre-Netflix days, video rental shops faced a problem they called the “Gone With The Wind Syndrome”. Although video rental shops made the majority of their revenue from a handful of movies (usually the newest, hottest flicks), every store had to have older movies like Gone With The Wind in stock. As […]

john d rockefeller
Economy Education People

The Story of John D. Rockefeller: Racks on Racks

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This post originally comes from BrainFeed.co. “JD” Rockefeller (1839-1937) was an American business tycoon, philanthropist, and the richest person in modern history. He earned his wealth by founding Standard Oil, the largest oil refiner in the early 20th century. Although the company was ultimately broken up, its successor entities still dominate the oil industry. An Auspicious Youth Rockefeller […]

brics
Economy International

BRICs: The Future of the Global Economy

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This post originally comes from BrainFeed.co. “BRICs” is an acronym that refers to four of the most economically important emerging markets: Brazil, Russia, India, and China. The acronym sometimes includes a capital “S” (“BRICS”) to include South Africa. Together, the BRICs account for over 40 percent of the world’s population. For comparison, the United States […]