Monthly Archives: September 2007

Globalisation and inequality

A question from Yahoo! Answers: Does globalisation mean that rising inequality is inevitable? What kind of inequality are you talking about? Inequality between countries or inequality within countries? For example, the globalization in software, pharmaceuticals, and financial services is single-handedly … Continue reading

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Genetically modified organisms and world hunger

A question from Yahoo! Answers: What are the reasons why GMOs are NOT the solution to hunger of poor countries? Because hunger has nothing to do with agriculture; not anymore, anyway. The world as a whole has been awash in … Continue reading

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Can stocks appreciate faster than the economy grows?

A question from Yahoo! Answers: Is it possible for the stock market to rise in value at a greater rate than the economy? Yes. You seem to be thinking only of GDP and completely forgetting the capital stock… For example, … Continue reading

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Is capitalism a house of cards?

A question from Yahoo! Answers: Capitalism. A house of cards? With the fiasco of “Northern Rock” in the UK and the prime lending furore in the US, do you not think that our whole economy is a house of cards? … Continue reading

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European settlers and native deaths

A question from Yahoo! Answers: Did white european settlers go anywhere and not kill the natives? we were talking about the 1600 and 1700′s in histroy class and someone brought this up Did white european settlers go anywhere and not … Continue reading

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Economic thought in the 20th Century

A question from Yahoo! Answers: Economic Schools in the 20th Century? I’m writing a paper comparing the various schools of economic thought that were prevelant in the 20th century. My goal is to discuss the most influential and important schools … Continue reading

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A mathematician and a physicist?

A question from Yahoo! Answers: A Mathematician and A Physicist? What is the basic difference between a mathematician and a physicist considering they both deal with numbers? Let’s start with physicists. Physicists come in two flavors; theoretical physicists study material … Continue reading

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What if the Carthaginians won the Punic Wars?

A question from Yahoo! Answers: How different would life be if the Carthaginians won the Punic Wars? Not at all. Carthaginians, had they won, would either eventually Romanize or return to Carthage after installing a friendlier government in Rome. Carthage … Continue reading

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Can you have a fiat currency without a central bank?

A question from Yahoo! Answers: Can you have a fiat currency without a central bank? Currently the United States dollar, and (as far as I know) the rest of the world’s currencies are fiat, that is there are no commodities … Continue reading

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Was Catherine great?

A question from Yahoo! Answers: Catherine the great? please can some body thell me why she was a good ruler and why she was a bad ruler You tell me. She ascended to the throne by engineering a coup d’état … Continue reading

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