Fun fact: nature delivers services worth an estimated US$150 trillion a year—roughly double the world’s GDP. That’s the scale of what we stand to lose when ecosystems collapse. Welcome to The Economics of Extinction, where we explore what happens to human lives, businesses, and whole economies when the buzz of bees, the protection of wetlands, …
Here’s a fun fact: when Gross Domestic Product (GDP) goes up after a devastating oil spill, economists cheer—because all the cleanup activity counts as “growth.” But do you feel better off when disasters, deforestation, or hospital visits are boosting “progress”? That’s the paradox behind “Beyond GDP – Rethinking Progress for a Sustainable Future.” GDP was …
Have you ever wondered how companies like Apple, Tesla, or even pharmaceutical giants like Pfizer keep launching groundbreaking products? The answer lies in Research and Development (R&D). The economics of innovation is the driving force behind business growth, allowing companies to stay competitive, boost revenue, and improve our daily lives. In this blog, we’ll explore …
Fun Fact: Did you know that a single container ship can carry up to 24,000 shipping containers? That’s enough to fill a small city with goods from around the world! Introduction In today’s interconnected world, the efficiency of global supply chains determines how quickly and reliably products reach consumers. However, recent disruptions—ranging from the COVID-19 …
Did you know that the East India Company, founded in 1600, was one of the first corporations to wield power similar to that of a modern nation-state? Introduction Throughout history, businesses have not just shaped economies; they’ve shaped civilizations. From the mercantile empires of the 17th century to today’s tech behemoths, corporate giants have played …
Did you know that agriculture contributes to nearly 4% of the global GDP (Gross Domestic Product) but supports the livelihoods of over 60% of the world’s population? Introduction Agriculture has always been more than just a way to grow food; it’s been the backbone of human progress and economic transformation. From the early days of …
Did you know that a 1% change in interest rates can swing billions of dollars in the stock market? That’s the fascinating interplay between finance and the economy in action. Introduction When we think about making investment decisions, it’s easy to get lost in the whirlwind of stock prices, mutual funds, and market charts. However, …
Did you know that the invention of the steam engine not only revolutionized transportation but also transformed global trade forever? Scientific progress has consistently played a critical role in redefining how nations interact, engage in trade, and expand their economies. In this blog, we delve into how scientific breakthroughs have impacted global trade through history, …
Did you know that during the Great Depression, unemployment in the United States soared to 25% while global trade plummeted by over 60%? These figures underscore the devastating impact of economic crises and highlight why understanding their lessons is crucial. Introduction Economic downturns have shaped the world’s financial and social landscape for generations. From the …
Did you know that the world’s first economic system revolved around trading goods like livestock and grains instead of using money? This fascinating journey from barter systems to today’s blockchain-based economies is a testament to human innovation. Throughout history, humanity has evolved countless ways to trade, save, and grow wealth. From the simplicity of bartering …
