Photo of an impoverished American family living in a shanty, 1936, by Dorthea Lange
Business and Economics

The Great Depression—A Catastrophe Felt Around the World

October 19, 2018

The Great Depression was an event that devastated not just American families and business, but also the lives of people and nations around the world. How did this chapter of history ultimately shape the face of the modern world? […]

Business and Economics

What Caused the Great Depression? Exploring the Smoot-Hawley Tariff

December 1, 2017

To see how economic mistakes can repeat time and again, you need look no further than recent history. The Great Depression was the result of a combination of protectionism, populism, and nationalism that combined with bad government policy to make a toxic brew that mired the U.S. and much of the world in an economic downturn for nearly a decade. These collapses demonstrate how easy it is to assume large-scale economic failures are isolated when in fact they are immersed in long-standing philosophies and can have immense global ramifications. […]

A bank sign on top of a high rise building
Business and Economics

How Banks Endanger The Financial System

July 3, 2017

After the global financial crisis of 2008, regulators in a number of countries proposed rules to insulate traditional banking (taking deposits and making loans) from the risks associated with other financial services. […]

Concept for studying triggers in behavioral economics
Business and Economics

Behavioral Economics: How “Triggers” Affect Your Decisions

February 15, 2017

A trigger is any stimulus in the environment that makes us think about a related concept or idea. How do businesses and marketing professionals use this psychological phenomena to their advantage? Welcome to the world of behavioral economics. […]

Finance economy world concept
Business and Economics

World Economics: A Historical Perspective

February 3, 2017

How is economic history different from a history of economics? What are the primary concerns of today’s economic historians? Why does modern economic history “begin” around 1400? Welcome to the study of human survival – the study of Economic History. […]

Business and Economics

Fisher and Price: The Original Growth Stock Investors

January 12, 2017

Growth stocks have the potential to go up 1000% or more from inception. Occasionally, you’ll find a growth stock in the bargain-basement bin. But, usually, it’s up to you to make the assessment that a growth stock will keep growing. […]

image of a crowd of figurines of people
Business and Economics

The Wisdom of Crowds

December 20, 2016

By Scott E. Page, Ph.D., University of Michigan We are going to talk about prediction. We are going to see how diverse ways of thinking […]

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