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Cryptocurrency owners can engage in decentralized finance (DeFi) by lending out their crypto through automated lending pools.

Decentralized Finance (DeFi) and the Future of Banking

Rather than applying for a loan through a bank, you can automatically borrow cryptocurrency online by putting up an equal or greater amount of collateral. This is decentralized finance (DeFi), and is a growing part of the finance industry....
5 min read
Warsaw city skyline at night, featuring the illuminated Tower of Warsaw against a dark sky.
Managing the economy

Poland's Transition from Communism: Non-Corrupt Auctions and Equitable Resource Distribution

Published on October 14, 2024

An image of Hallgrimskirkja church surrounded by trees and a pathway leading up to its entrance.
Managing the economy

The Resilience of Iceland: Why It Recovered Rapidly from the 2008 Economic Crisis and Maintains Economic Stability Today

Published on October 14, 2024

A collection of "I Voted" stickers resembling the USA flag scattered on a white surface.
Managing the economy

Government Price Setting vs. Price-Gouging Laws

Published on September 22, 2024

An image of cherry blossom.
Factors of production Managing the economy Global economics

MITI and the Economic Development Miracle of Japan

Published on September 21, 2024

An image of a few stack of coins.
Managing the economy Market failures

Analyzing Greedflation's Contribution to Inflation in the U.S. 2021-2024

Published on September 21, 2024

A person showing his empty wallet.
Managing the economy

Government Spending Divorced From Economic Multiplier Effects

Published on September 21, 2024

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Shoppers outside of a store of a well-known luxury brand that counts as a Veblen good, meaning popularity increases as price increases.

The Economics of Social Status: Why We Pay More for Less

Veblen goods are luxury goods that violate the Law of Demand, which states that quantity demanded of a good falls as price rises. Veblen goods actually become more popular as prices increase. Why is this the case? Can the purchase of such goods be reasonable?...
5 min read

Recent Post

Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?
Surge Pricing in the Age of AI: Fairness or Exploitation?
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A sign signaling the pick-up location for ride share drivers, who are a major component of the gig economy.
The Gig Worker’s Dilemma: Flexibility vs. Stability
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Online gamers can spend significant sums of money through in-game purchases, raising questions about behavioral nudges and gaming.
The Free-to-Play Game Economy: Selling Pixels for Billions
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