economics

How The Market Created Lobster Mac And Cheese

The Canadian lobster industry has experienced price volatility in recent years due to an unexpectedly high volume of lobster. In Canada, environmental regulation was so successful at protecting the stock of lobster that the supply well exceeded historical landings. This unanticipated influx of product to the market along with lack-lustre demand dragged prices so low that the …

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Sustainable Development – What It Really Means

Sustainable development is a holistic approach to decision-making and considers not only the economics of an action but also the social and environmental effects. It can sometimes be misconstrued as just environmental sustainability but it seeks to balance these three pillars. To ensure present and future needs are met, sustainable development emphasises the consideration of …

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John Kerry’s Economics of Climate Change Denial

Thanking the government of Peru for hosting the UN Climate Change Conference, or COP20, John Kerry applauded the delegates for their hard work to bring global warming under control. Approving the draft text of the climate treaty in Peru was a critical stepping stone to the agreement that must be reached in Paris next year. …

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Jean Tirole Wins 2014 Nobel Prize in Economics (and Why)

Jean Tirole is the 2014 winner of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Tirole, of Toulouse 1 Capitole University in France, has been awarded by the Royal Swedish Academy of Sciences “for his analysis of market power and regulation.” A Nobel Prize for Sowing Seeds of Corporate Social Responsibility …

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The Misconceptions of Capitalism vs Socialism | Building a Sustainable Economy

Thanks to a couple of communist revolutions during the 20th Century the economic map  of the world has been polarised between capitalist and socialist thought.  Now, at the start of the 21st Century, we’re faced with the problem of how to build a sustainable economy and the whole capitalism vs socialism issue raises its head …

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How is coal power so cheap? (Hint: it’s because you’re subsidizing it)

The idea that coal is cheaper than wind and solar is what keeps coal in the forefront of energy production in the U.S. But what if the idea itself is completely flawed? The American Coalition for Clean Coal Electricity is actively promoting the benefits of coal power. If you see an ad on a website …

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Romney shows disturbing lack of understanding of capitalism

Republican Presidential Candidate Mitt Romney recently rankled feathers in his own party by opposing a very popular wind energy tax credit at the federal level. Romney’s top energy advisor is from a giant oil company, and many see this as the latest of a series of moves in which his campaign is bending to the …

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Irish Media Downplayed Red Flags as Country Descended into Economic Turmoil

As recently as 2008, Ireland was ranked the highest western nation in the conservative think tank Heritage Index of Economic Freedom (ranked primarily based on low corporate taxes and deregulated financial markets). As the Irish economy began its self-destruction back in 2007, the fears of the Irish people that it would turn into a dangerous …

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Growth Potential: The New Intersection of Meaning, Metrics and Money

Even a year gone since the failure of Lehman, fundamental questions remain regarding the core underlying assumptions of our financial system. Though currently derivatives trading and black boxes appear out of favour, what will replace them in terms of helpful and productive uses of capital still has yet to be determined. This question was what the Conference …

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Martin Luther King on Socially Responsible Investing

“Tell your neighbors not to buy Coca-Cola in Memphis. Go by and tell them not to buy SealtestWonder Bread.”  Martin Luther King told milk. Tell them not to buy–what is the other bread?– the parishoners of Bishop Charles Mason Temple in Memphis, Tennessee, the Sunday before his assasination. Martin Luther King is remembered today, even …

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