In most of the world’s advanced economies, there are gains in certain areas and lagging regions elsewhere that create a disparity and less economic growth.
With the political debate gravitating toward socialism and capitalism, today we take a look at six facts that tell us about capitalism in four countries.
China’s first three five-year plans had no mention of the environment. Then in plans five through nine, there was more. And now, looking at plans 11 to 13, we would see that 5% of all words relate to ecology, energy or the environment. Where are…
The Economist decided it would be interesting to know how a political leader’s pay compares to what a typical citizen from that country earns. Here are some of the numbers with salary first and then the multiple of per capita…
The Chinese leader Deng Xiaoping said, “It doesn’t matter what color a cat is as long as it catches mice.” Explained in the Teaching Company’s “Why Economies Rise or Fall,” Deng cared about results more than economic ideology as he…
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Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
