Ricardo’s Theory of Trade is one of the most influential theories in modern global economics. It was created in the nineteenth century by David Ricardo. The Basics David Ricardo was one of the most influential economists of the early nineteenth century. However, he actually came into economics by accident. Ricardo was born to a traditional […]
International trade has been an invaluable way for countries to make money and obtain goods. From 3,000 BC to the Roman Empire to the Age of Exploration and to modern-day, trade has been focused on commodities and other valuable goods. The countries that controlled the trade routes were able to obtain great wealth and power. […]
Global poverty is an issue. It’s not that hard to recognize this fact. The trouble comes in identifying solutions. Charities are one angle by which the world is tackling the issue. Education, infrastructure, and ending political conflict are others. In the 1980s a new, novel idea grew prominent. Microfinance promised a sustainable way to elevate […]
E-commerce, or commerce conducted over the Internet, is the future of business with over 1.8 billion people worldwide purchasing products online in 2018. By the year 2040, it is estimated that 95% of transactions will be done online. This rush for online products has only been accelerated by the COVID-19 pandemic. As a majority of […]
The coronavirus originated in Wuhan, China at the end of 2019 and has since ravaged economies and countries around the world. In response to this novel threat, the Federal Reserve has taken steps to try and stabilize the US economy. In total, the Fed has spent upwards of $2.3 trillion in aggressive policy actions to […]
A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain. Mark Twain Ever since the 2008 financial crisis, US banks have been under a great deal of scrutiny. Whether it was providing mortgages to risky borrowers or creating risky products […]
From 2007-2009, the United States witnessed its biggest economic crash since the Great Depression. The Great Recession left 8.8 million people without jobs, shooting unemployment up to 10% and leaving about 10 million Americans without homes. The stock market crashed with the DOW dropping around 7,000 points or 54% in a span of 18 months. […]
When it comes to investing, many investors with large amounts of capital use the principle of activist investing (not to be confused with active investing). Activist investing involves buying a large stake of a company (see the examples below as stakes depend on the company). These stakes give the investor influence over the company’s decisions […]
These past few weeks of heightened activism highlights that our nation is waking up to the injustices that our communities have faced for decades. Every person with common sense can acknowledge the rawness of the abuse people of color experience in this country, from the ongoing indignities to the extreme violence, like the horrendous killing […]
Macroeconomics is the study of the economy as a whole. In macroeconomics, a set of economic principles known as Keynesian economics is highly influential. Since its conception in the 1930s, Keynesian economics has influenced the policy of governments around the world. Often immediately following a recession, a period of decline in economic activity, governments utilize […]
