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Money Movements across the Globe – Causes and Consequences Since 1945 trade and investment between nations has expanded rapidly. Yet despite the high quality of its workforce, vast amounts of natural resources, and tremendous amounts of physical capital, the United States persistently buys more from other countries than it sells to them. Politicians periodically accuse […]
Money Movements across the Globe – Causes and Consequences Since 1945 trade and investment between nations has expanded rapidly. Yet despite the high quality of its workforce, vast amounts of natural resources, and tremendous amounts of physical capital, the United States persistently buys more from other countries than it sells to them. Politicians periodically accuse […]
Money Movements across the Globe – Causes and Consequences Since 1945 trade and investment between nations has expanded rapidly. Yet despite the high quality of its workforce, vast amounts of natural resources, and tremendous amounts of physical capital, the United States persistently buys more from other countries than it sells to them. Politicians periodically accuse […]
Whether they consider themselves disciples of Milton Friedman, Libertarians a la Murray Rothbard, or supporters of Thomas Piketty, economists of all confessions have come to agree on one thing; the United States urgently needs a comprehensive tax overhaul. The problem however, is how. Should taxes attempt to achieve social justice, maximize government revenue or be as little disruptive to […]
Our economic system often features opposing interests; workers who want more pay, capitalists who want more interest, shareholders who want more profits, and landowners who want more rent. In Germany, businesses adopt a different mindset; emphasizing the long term, placing great value on relationships with employees, customers, and suppliers, and commitment to the wider community. […]
Who do you know? Your connections form part of your social capital; the network, shared values, and mutual understandings that encourage trust, facilitate trade, and make cooperation easier. Henry George noted that trust was a pre-condition to trade. Nobel Prize winning economist Elinor Ostrom regarded social capital, along with physical, human, and natural capital, as […]
