Is Mankind Outgrowing the Price System?

Some people have noted, even economists that the Price System, that we use in human societies and civilizations is outdated and unworkable. They cite the disparity between rich and poor and all the poverty in the world. To a degree one would have to admit upon thinking about it, that it is not the most perfect system, as it often rewards certain types of behavior which undermines the whole (the rest of the population) for the betterment of a few?

Ruined Rural Economy of India – Failed Responsibilities - Part 3

The article deals with the real problem of present government and some politician nefarious design in destabilizing Indian rural economy at the best of World Bank and some western countries interest. The highly negligible act of present government in ruining Indian farmers all hope thus leading to suicide.

Supply Chain, A New Concept in India - A Success Story of the India Supply Chain Council

The Concept of Supply Chain in India is a new concept if not unofficially at least officially. India Supply Chain Council has been a pioneer in this here in India in popularizing the concept in India. The organization in its two years of existence has been very successful in its endeavor. What is supply chain all about and why is it so important in today’s global business activities. Supply Chain refers to the distribution channel of a product, from its sourcing, to its delivery to the end consumer (also known as the value chain). The supply chain is typically comprised of multiple companies who are increasingly coordinating activities via an extranet.

Why Folks Should Not Be Surprised of Big Stock Market Corrections

The huge market correction on February 27, 2007 should not come as any surprise to investors. If we look back at the events that led up to this market correction we see all kinds of overregulation from government regulatory bodies. The Starbase Oxley act stifled and our economy and the added cost to our corporations who were then unable to compete with foreign companies.

Transportation and Economics in the United States

Billions if not Trillions of dollars of productivity are lost each year in our nation due to over stressed road ways. As citizens, trucking companies and government workers sit in traffic everyone loses whether it is the tax payer, consumer, employee or transportation company. Worse off we all pay by breathing in the increased CO2 that occurs due to idling cars putting out excess fumes.

Economics and Liberalism, it Works in Other Nations; Why Not in the United States?

Many people say that liberalism works in other nations. But first we need to ask what liberalism really is, we need to define it. Liberalism from our founding father days is not the type of liberalism we see today. The modern liberal movement in the United States is much close to socialism. And the Liberalism we see in other nations as an example really is Socialism.

Changing Daily Life

Necessities, comforts and luxuries in our lives depend significantly on the time duration.

The Circular Flows of Economic Might

An entrepreneur is asked would he go work in China for an extremely large company there? This is an interesting question as so many recruiters are looking for folks to go to China who speak English and understand how to run a large company and have management skills. The entrepreneur thought about the incredible offer, benefits and pay and then stated;

Is China Kissing Up to the Middle East?

Not long ago I got involved in reading the liberal skewed Foreign Affairs Magazine and talking to some serious minded knowledge based thinkers who study the Middle East. Over time our discussion and dialogues became more in depth and we noted that China is very hungry for resources.

Thoughts on the Nash Cournot Equilibrium Theory

Economics are fun to think about and John Nash Nobel Prize Winner in Economics indeed had something to say about it. He theorized that if each player of a game continued their strategy and maintained their individual effort that no player of the game, no matter how many would have an advantage no matter how long the game were played as long as the rules remained the same.

Economic, Environmental, and Social Alchemy

Current System: “Trash” goes to land-fills; the “guilty” go to prisons: both generally just sit there as the rejects of society and economics. Problem: We don’t re-use 3/4 of our waste and we don't re-use 3/4 of the manpower of our low-class citizens and inmates. There is very little going on right now to change that besides this program. Solution: Put both of these to use and encourage them start finding a new purpose in material use and life.

Essential Oils – Alternatives to Afghanistan's Opium Poppy

Essential oils and spices – alternatives to opium poppy cultivation in Afghanistan? According to a recent press release by the UN Food and Agriculture Organization, Afghanistan is currently the world's largest producer of opium, the raw ingredient for heroin.

Race and Social Class

In American society, issues of race and social class are entwined together like a chain of DNA. One cannot have an honest discussion about race without looking at the equally important issue of class since the two are closely linked.

Heckscher-Ohlin model

The Heckscher-Ohlin model was primary worked out by two Swedish economists: Eli Heckscher and Bertil Ohlin who was Heckscher’s student in the 1920s.

Now The World Needs to Learn to Compete and Cooperate

Recently the very wise Henry Kissinger outlined the past history of WW I and the Cold War and then philosophized on what needs to be done with regards to the coming together of Eastern and Western Culture. Although I am sure not many people picked it up in his interview, the message he summarized in one sentence towards the end was clear and it is correct;