Economic

Why do people imagine the “free market” can solve social problems when its primary function is to maximize profit?

There is no evidence that the Queen bee is deeply familiar with discrete geometry. There is even less evidence for the worker bees. It is probably safe to say that no bee really sees the mathematical problem at all. The “solution” is not one of a conscious “solver” but of many individual bee actions, by […]

0
Like
Save
Why is India’s growth slowing?

India is one of the world’s fastest growing large economies, sometimes being touted as a potential economic and geopolitical counterweight to China. Recently, however, its growth fell to its slowest pace in six years. So what’s causing this slowdown, and how can it be reversed? CNBC’s Tom Chitty explains.

1,604,665
Like
Save
Is Argentina heading toward economic crisis – again?

A century ago, Argentina was one of the 10 richest countries in the world. Since then, however, a long series of economic crises have made it the only nation in modern history to regress to developing country status. CNBC’s Sam Meredith explains what is behind its boom and bust cycle.

186,452
Like
Save