Tags » Free-market Economy

The subject never taught in universities is learnt by minority

Bertrand Russell on Economics and Finance : Sunday’s Quotes

Being immensely rich, he can endow universities, and secure that the most influential part of academic opinion shall be subservient to him.

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Labour force is the wealth of nations: Adam Smith

Sunday’s quotes

Adam Smith is the father of Economics. He wrote a book The Wealth of Nations in 1776, since then Economics is recognised as a different subject of study. 273 more words


A Tale Of Two Economies: Singapore And Cuba

By Frank Holmes – Re-Blogged From http://www.Silver-Phoenix500.com

It would be nearly impossible to find two world leaders in living memory whose influence is more inextricably linked to the countries they presided over than Cuba’s Fidel Castro and Singapore’s Lee Kuan Yew, who passed away this Monday at the age of 91. 531 more words

GDP & Employment

Eight Things That Cost More Than A Book (Or, The Economics of Book Selling)

A couple of days ago, I was having a conversation with one of my author friends. We were discussing (lamenting) the fact that 99 cent books fly off virtual bookshelves and anything more than that takes tremendous effort to sell nowadays (blog tours! 943 more words


Waking up to treachery

A letter a day to number 10. No 1,003

Tuesday 17 February 2015.

Dear Mr Cameron,

There is no such thing as a ‘free market economy’, it is a rigged game, just as there is no such thing as the ‘trickle down effect’, and if there was a trickle down effect that would constitute the greatest insult to the ordinary hard working people of the world. 447 more words

Paying the piper/economist and making economic decisions

He who pays the piper calls the tune. This applies to economists as well as musicians and explains why economists have so much difficulty coming to terms with the ideological aspects of their field. 526 more words