7 notes tagged with "economics"

Commons

Commons refers to a shared resource that can be used by all. If everyone uses it appropriately, it can last. But few people tend to over…

Tagged with: #permanent-notes, #economics, #sharing, #resources

Published on a year ago

Shorting the market

You do this when you expect the value of a stock to go down. You borrow a stock from a broker and sell it immediately at the current price…

Tagged with: #economics, #stock-market, #permanent-notes

Published on 2 years ago

The Ovarian Lottery

Ovarian lottery is a thought experiment created by Warren Buffet influenced by a book called "A theory of justice". The idea behind the…

Tagged with: #permanent-notes, #thought-experiment, #economics, #justice

Published on a year ago

Economics of lifting poor countries to middle class

Land Reform : Land in under developed countries are concentrated under few people because of feudalism or similar systems. This has to be…

Tagged with: #permanent-notes, #economics, #society

Published on 5 months ago

Adam Smith : Grandfather of Economics

Wrote the book 'Wealth of Nations'(1776) - that was the beginning of economics as a separate discipline. Before Adam Smith, people used…

Tagged with: #economics, #literature-notes, #notes, #person, #video

Published on 2 years ago

Economy Control Mechanisms

Type of Economy depends on Ownership of Capital - Govt vs Private Central Coordination - Deciding what to produce. Govt Coordination vs…

Tagged with: #permanent-notes, #economics, #society

Published on 16 days ago

Factors of Produciton

Labor Capital Land / Natural Resources Entrepreneurship This model was introduced by [ Adam Smith : Grandfather of Economics ]

Tagged with: #permanent-notes, #economics, #society

Published on 16 days ago

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