The mankind give debt and take for centuries.5000 years ago,at the age of which civilizations has not started yet,in Mesopotamia(today's Iraq),there is evidence from people that such relationships are being established.However, the modern banking system emerged in Italy in 14th century.The "bank" means come from the word 'banca' which...
Saturday, 25 November 2017
Tuesday, 10 October 2017
What does Equıtable Price?
A lot of us known well what does "to be cheated". Remember how you feel while you are buying an ice-cream in a touristic business and pay an exorbitant price.However,according to well known economics theories "to be cheated" there is no such thing as.The price of anything else is the market price.That...
Wednesday, 30 August 2017
Bond Markets
US President Bill Clinton's election campaign manager James Carville says "In the past, I thought that if there is reincarnation were to come back as President, Pope or a baseball player. But now I want to go back as a bond market."
The international Bond Markets which companies and governments used it for find source,It is not as famous and...
Friday, 28 July 2017
Taxes
Benjamin Frankin said "In this world nothing can be said to be certain, except death and taxes." in 1789.In fact, he was not the first person to complain about taxes.Governments has tried to collect money by various methods since existence.King William was prepared the Domesday records to find out who will tax;Chinese citizens must pay the income tax since A.C 10.
...
Thursday, 15 June 2017
Keynesianism
At the heart of the Keynesian economy is the use of fiscal policies (government spending and taxes) as a means to control the economy. This idea was adopted by one of the most important intellectuals of the 20th century who is named, John Maynard Keynes. Keynes's ideas gave form to Modern World Economy. Keynes is still respected and followed.
...
Saturday, 20 May 2017
Renaissance
An Educated Renaissance
1. Hans Holbein’s The Ambassadors, an icon of the Renaissance, yet only discovered in the 19th century. Its enigmatic sitters and objects offer a wealth of insights into the period.
...
Thursday, 18 May 2017
The Benefits of the Invisible Hand
Smith argued that these three ingredients would lead to a "natural harmony" of interests between workers, landlords, and capitalists.Recall the pin factory, where management and labor had to work together to achieve their ends, and the woolen coat that required the"joint labor" of workmen, merchants, and carriers from around the world. On a general scale, the voluntary self-interest of millions of...
Marx and Communism
Yet, like Cain in the Bible, Marx is cursed with a black mark in history.
His name will forever be associated with the dark side of communism. A spectre is haunting Karl Marx—the history of Lenin, Stalin, Mao, and Pol Pot, and the millions who died and suffered under the "evil empire," as Ronald Reagan called it. Apologists say Marx cannot be held...
Monday, 15 May 2017
Debt and Deflation
Contrary to today,deflation-prices falling from year to year instead of rising-wasn't perceiving as a threat every time.The alive Economies faced that phenomenon in stages before 20th century along several century.In fact, Milton Friedman has upholded that in theory that governments should endure a certain amount of deflation..
While...
Thursday, 20 April 2017
Agricultural Revolution and Its Consequences
People have tried to obtain food, wild plants and fruits by harvesting, hunting and fishing for a very long period of time.When it comes to B.C 12000, every livable fields in the World even though with a low population density,it was penetrated by hunter and gatherer human communities.
Most densely populated places were tropical and semi-tropical regions where environmental and climatic conditions...
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