Best Economics Articles & Videos on the internet • Discoverology

Economics

Read the best economics articles from around the internet, or watch the most insightful economics videos from platforms like Youtube, Vimeo or leading economics publishers like The Economist, Bloomberg, Quartz, Fortune and many more.

The Unraveling Of America

The Unraveling Of America

Economics, Long Reads, Politics

If and when the Chinese are ascendant, with their concentration camps for the Uighurs, the ruthless reach of their military, their 200 million surveillance cameras watching every move and gesture of their people, we will surely long for the best years of the American century.

Bashir Sultani

Inspiration
Bashir Sultani
The End Of Economics?

The End Of Economics?

Economics

Economists have fallen in love with the supposed rigor that derives from the assumption that markets function perfectly. But the world has turned out to be more complex and unpredictable than the equations. Human beings are rarely rational—so it’s time we all stopped pretending they are.

America Is About To Witness The Biggest Labor Movement It’s Seen In Decades

America Is About To Witness The Biggest Labor Movement It’s Seen In Decades

Business, Economics

The past four decades have been perhaps labor’s weakest since the Industrial Age. For a half-century, those working for hourly wages have won almost no real gains. The real average hourly wage in 2018 dollars adjusted for inflation was $22.65 in 2018, compared with $20.27 in 1964 — just an 11.7% gain.

Millennials Don’t Stand A Chance

Millennials Don’t Stand A Chance

Economics, Life

Millennials entered the workforce during the worst downturn since the Great Depression. They are now entering their peak earning years in the midst of an economic cataclysm more severe than the Great Recession. They will be the first generation in modern American history to end up poorer than their parents.

How Migration Could Make The World Richer

How Migration Could Make The World Richer

Economics, Videos

Many of the recent political shifts in the West—the election of Donald Trump, the rise of populism in Europe and Brexit—can be partially attributed to the fear of mass migration. Yet increasing migration is one of the quickest ways to make the world richer.

The Complexities Of A Universal Basic Income

The Complexities Of A Universal Basic Income

Economics, Politics

“Universal basic income” was for a long time an obscure term bandied about in economics circles. That’s no longer the case. The idea, usually involving a monthly cash grant to every person with no strings attached, has entered mainstream discourse. Small programs hint at how it might work — or not — on a national scale.

The Economy Of Cuba

The Economy Of Cuba

Economics, Videos

Cuba is home to possibly the most bizarre economy in the world. Its wild swings between a hardcore capitalist society to a worker’s paradise and now an odd combination of both has meant that the country has probably not been able to live up to its full potential.

Nikolay Schegolev

Inspiration
Nikolay Schegolev
How Africa Can Get Rich

How Africa Can Get Rich

Economics, Videos, World

Africa is changing so fast, it is becoming hard to ignore. In the short term, the continent faces many problems, but in the long term, it could rival China’s economic might. By the end of this century, Africa is set to play a much bigger role in world affairs. The Asian growth miracle is likely to slow Africa’s rapid rise could be next.

From 2nd Poorest Country To Fastest Growing Economy in the World

From 2nd Poorest Country To Fastest Growing Economy in the World

Economics, Videos

This video takes a look at Sir Seretse Khama, the man that oversaw Botswana’s transformation from to 2nd poorest country in the world to the fastest-growing economy. Botswana today is the world’s largest producer gem diamonds and is one of only a handful of middle-income countries in sub-Saharan Africa.

The Economics Of Airline Class

The Economics Of Airline Class

Business, Economics, Videos

The story of the development of airline classes really isn’t the story of how airlines developed more and more luxurious seats, it’s how they cut costs to allow more and more people to fly. It’s also a fascinating demonstration of economics.

Give Me Capitalism Or Give Me Death

Give Me Capitalism Or Give Me Death

Economics, Politics

Politicians are floating the idea that the economy supersedes the needs of living, breathing human beings; cruise and airline companies are demanding bailouts and full control over the terms; senators are doing crimes in broad daylight; and billionaire corporatists who did the same are asking regular people for money.

How Rwanda Is Becoming The Singapore Of Africa

How Rwanda Is Becoming The Singapore Of Africa

Economics, Videos, World

Rwanda is now the 15th fastest growing economy in the world as its government has set out a clearly defined mission—they want to become the Singapore of Africa. To understand what this means, though, you have to understand what Singapore is.

The Economics Of Cruise Ships

The Economics Of Cruise Ships

Business, Economics, Explainers

For decades, cruise companies have gone to great lengths to bypass US employment laws, hiring foreign workers for less than $2/hour. They’ve sheltered themselves as foreign entities while simultaneously benefitting from US taxpayer-funded agencies and resources.

The Economy Of Italy, Has The Luck All Run Out?

The Economy Of Italy, Has The Luck All Run Out?

Economics, Explainers, Videos

Once the seat of the roman empire, it is now home to a surprisingly robust yet temperamental economy. The economy of Italy followed a path very similar to that of Germany’s all be it with a little more flamboyancy which has found them where they are today.

Can $500 A Month Change Your Life?

Can $500 A Month Change Your Life?

Economics, Politics

A California-based experiment in universal basic income considers the mundane, and potentially transformative, power of a little extra cash. It’s not a new idea, dating as far back as Tudor England. Thinkers ranging from Martin Luther King Jr. to Milton Friedman have backed it.

Why Prices Differ Around the World

Why Prices Differ Around the World

Economics, Explainers, Videos, World

If you have ever traveled somewhere, especially to countries that are either a good deal richer or poorer than your own, you might have noticed that some places are certainly a lot more expensive than others. There seems to be a strong correlation between the average wealth of a country and the cost of goods and services.

How Do Airlines Price Tickets?

How Do Airlines Price Tickets?

Economics, Explainers, Videos

To the average buyer, airline ticket prices appear to fluctuate without reason. But behind the process is actually the science of dynamic pricing, which has less to do with cost and more to do with artificial intelligence.

Michael Crichton

Inspiration
Michael Crichton
The Great Wall Street Housing Grab

The Great Wall Street Housing Grab

Economics, Life, Long Reads

Wall Street’s latest real estate grab has ballooned to roughly $60 billion, representing hundreds of thousands of properties. In some communities, it has fundamentally altered housing ecosystems in ways we’re only now beginning to understand, fueling a housing recovery without a homeowner recovery.

How America’s Biggest Theater Chains Are Exploiting Their Janitors

How America’s Biggest Theater Chains Are Exploiting Their Janitors

Art, Economics

The major chains — AMC, Regal Entertainment and Cinemark — no longer rely on teenage ushers to keep the floors from getting sticky. Instead, they have turned to a vast immigrant workforce, often hired through layers of subcontractors. That arrangement makes it almost impossible for janitors to make a living wage.

The Decoy Effect: How You Are Influenced To Choose Without Really Knowing It

The Decoy Effect: How You Are Influenced To Choose Without Really Knowing It

Business, Economics

The decoy effect is defined as the phenomenon whereby consumers change their preference between two options when presented with a third option – the “decoy” – that is “asymmetrically dominated”. It is also referred to as the “attraction effect” or “asymmetric dominance effect”.

What Does A Cashless Future Mean?

What Does A Cashless Future Mean?

Economics, Politics, Videos

Operating in cash costs countries about 0.5% of their GDP every year. But cost isn’t the only incentive to move towards a cashless future. Many countries are going cashless at great speed. What are the advantages of ditching hard cash and what are the dangers?

Why Aren't Millennials Buying Homes?

Why Aren't Millennials Buying Homes?

Economics, Videos

In the UK, only one in four middle-income millennials are on the housing ladder. Twenty years ago,  65% of this group owned homes. What’s changed? Is it possible to buy a house without help? And with more people privately renting, what are the implications for starting families, retirement and society at large?

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