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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
A building with classical architecture topped with the flag of Austria against a blue sky.
Definitions Managing the economy

Austrian School of Economics

Published on November 21, 2024

A pile of U.S. dollar bills in various denominations placed on a white surface.
Definitions Managing the economy

American National Debt

Published on November 20, 2024

 A person standing in jeans and casual shoes beside a military-style backpack, boots, and an American flag on the ground.
Managing the economy Global economics

The Military-Industrial Complex: How Ongoing Conflicts Drive Profits for Defense Contractors

Published on November 13, 2024

Tall buildings seen from an overview point.
Managing the economy Labour markets

The Inefficiency of Venture Capital in the Modern Economy: A Result of Oversaturation and Excess Capital

Published on November 12, 2024

Two windmills on a hilltop with a scenic background of mountains, a lake, and a sunset sky.
Business economics Managing the economy Labour markets Behavioural economics Global economics

The Impact of Small, Highly Efficient, and Cheap Nuclear Reactors on Developed Economies: A Focus on Energy Costs and Transportation

Published on November 11, 2024

Multiple screens showing various images in a dim room with people in the background.
Managing the economy Market Failure

The Importance of Government Investment in Technologies for National Economic Protection and Development: A Case Study of Transistor Manufacturing in the United States

Published on November 10, 2024

An abandoned room with a rusty hospital bed, peeling walls, and old furniture
Managing the economy

The Economic and Social Return on Investment of Long-Term Mental Health Institutions

Published on November 09, 2024

Illuminated supertree structures at Gardens by the Bay with Marina Bay Sands at night.
Managing the economy Information Failure

The Economic Challenges and Realities of Building Large-Scale Cities from Scratch

Published on November 07, 2024

A one billion dollar bill of Zimbabwean currency.
Managing the economy Market Failure

Understanding Zimbabwe’s Economic Collapse: Causes and Consequences

Published on November 06, 2024

Four empty shopping trolleys lined up.
Definitions Managing the economy

Consumption Function

Published on November 05, 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?
August 29, 2025
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
August 26, 2025
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
August 26, 2025

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