Tag: economics
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Can You Afford to Make Bad Art?
To craft compelling art, you need more than just talent; you need resources. Money, time, and headspace are the trifecta that fuels artistic excellence. Yet, success in the art world isn’t solely about skill; it’s often intertwined with privilege – particularly financial support and familial background. The assistance successful artists receive – whether it’s funding…
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Disruption for Your Life’s Japanification
Japanification, as defined by most economists and news articles, occurs when a country experiences chronically low interest rates, low inflation, and little or no growth. Consequently, the standard of living remains stagnant for years, with no improvement. Japan was the first to undergo this phenomenon, hence the term, but many developed countries are also currently…
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Are you Beggar-Thying- Neighbour in your Life?
Beggar-Thy- Neighbour is a widely used economic term. In simple words, it means when a country in order to stabilize or grow its domestic economy ends up harming the neighboring economies. The underlying problem is the scarcity of resources, and hence when one country tries to better itself, intentionally or unintentionally it takes up from…
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How Economics Can Help You Find Better Dates?
How to find love in this marketplace? Yes, you read it right! The dating scenario over time has been increasingly showing traits of a marketplace with many constituents conforming to traditional markets. Though this is not a new phenomenon. Since time immemorial, many communities have regarded marriage as an economic arrangement, the priority being the…
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Tackling Climate Change with Heuristics
“The environment is where we all meet; where we all have a mutual interest; it is the one thing all of us share” ~Lady Bird Johnson. If this is true, then why don’t we care for the environment? The answer is – Heuristics. Heuristics is a quicker way to reach a decision, and it is…
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