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Nelson Mandela said, “During my lifetime I have dedicated myself to this struggle of the African people. I have fought against White domination, and I have fought against Black domination. I have cherished the ideal of a democratic and free society in which all persons live together in harmony...
Persistent link: https://www.econbiz.de/10011259042
The recent earthquake in Japan and its impact on the Fukushima nuclear power plant is a tragic reminder of humanity’s ever growing dependence on energy for its socioeconomic development. Energy plays a central role in determining the effectiveness of economics. However, are the fundamental...
Persistent link: https://www.econbiz.de/10009228914
This paper presents a methodology to measure vulnerability to asset-poverty. Using repeated cross-section data, age … show that expected asset-poverty is a reliable proxy for expected consumption-poverty. Applying the methodology to nine … distribution of expected future asset-wealth, as they also generally do over the bi-dimensional distribution of present asset-wealth …
Persistent link: https://www.econbiz.de/10009403459
The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as scarce resource theory (SRT) in operating level...
Persistent link: https://www.econbiz.de/10009203644
What is wealth? This paper proposes wealth and poverty are opposite sides of the same coin and to know the source of … answer the question: what is wealth? scarcity, economic strife and poverty would not exist in the world today. Two kinds of … wealth are discussed, aesthetic and technical wealth. Is it possible that contrary to belief, the use of assets and …
Persistent link: https://www.econbiz.de/10008534544
This paper looks at some of the fundamental ideas in contemporary economics such as the basic economic problem, opportunity cost and allocation a person is expected to encounter when they are first introduced to economic theory. It attempts to explain how the manner in which these concepts are...
Persistent link: https://www.econbiz.de/10008685377
This paper elaborates on the economic operating system (EOS) the role it can play in growth. It focuses on markets, price determination and forces of demand and supply in order to illustrate how an EOS model offers greater economic growth, stability and safety. This paper delves into market...
Persistent link: https://www.econbiz.de/10008685520
What is the 99% and why does it exist? In this paper an attempt is made to explain why socio-economic unrest remains a modern problem. An effort has to be made to understand the origins of strife in systemic design of modern economics. Without this knowledge it may not be possible to fix the...
Persistent link: https://www.econbiz.de/10011111415
point we make two contributions. First we quantify the phenomena of poverty, richness, and inequality in housing comfort … significant rates of poverty (12.41%) and richness (22.03%). The evidence sustains that the differences between households derive …
Persistent link: https://www.econbiz.de/10011111845
In this study, we investigate the effects of age structure dynamics of population on the housing demand in Turkey. The critical question is how the housing demand moves in the environment of positive population growth with declining rate and aging population. We use TurkStat Household Budget...
Persistent link: https://www.econbiz.de/10011259761