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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
Incomplete markets
Market failures

Incomplete markets

Published on January 17, 2020

Missing markets
Market failures

Missing markets

Published on January 17, 2020

Types of market failure
Market failures

Types of market failure

Published on January 17, 2020

Questions

Questions

Published on January 17, 2020

Video-collection
Definitions

Video-collection

Published on January 17, 2020

Questions on aggregate demand
Questions

Questions on aggregate demand

Published on January 17, 2020

Quiz

Splash-quiz

Published on January 17, 2020

Definition of accelerator effect
Definitions

Definition of accelerator effect

Published on January 17, 2020

National income
Updates

National income

Published on January 17, 2020

Introduction to the Global Economy
Global economics

Introduction to the Global Economy

Published on January 17, 2020

Newer Posts
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Older Posts
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

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Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?
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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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