Thoughts on the Nash Cournot Equilibrium Theory

Economics are fun to think about and John Nash Nobel Prize Winner in Economics indeed had something to say about it. He theorized that if each player of a game continued their strategy and maintained their individual effort that no player of the game, no matter how many would have an advantage no matter how long the game were played as long as the rules remained the same.

Human Evolution In Comforts

Food, clothing and shelter; these are the things that man cannot live without.

A Thought I Leave With You Today on Free Markets Drifting Away

We need free-markets and we must remember the words of Adam Smith. And too that point I wish to add; Free Markets should allow winners to succeed and losers to fail, not prop up those who fail to innovate and adapt and curtail those with the innovations. Some modern day liberals say that they are leveling the playing field, yet pass legislation for raising minimum wage and regulation to create price controls.

Are Government Regulators Protecting the Public, Free Markets and Corporations?

We all know we why we have Government Regulators to watch over our businesses; to prevent runaway capitalism they say. And yet who is running away. If markets were totally free then obviously if one or more companies started to run away and price gouge some other company would come in and take their place and offer those products or services at a lower price.

The Circular Flows of Economic Might

An entrepreneur is asked would he go work in China for an extremely large company there? This is an interesting question as so many recruiters are looking for folks to go to China who speak English and understand how to run a large company and have management skills. The entrepreneur thought about the incredible offer, benefits and pay and then stated;

Economics

Fiscal Policy is the economic term that illustrates governments' behavior in raising funds in order to be able to finance governments' spending. Money can be raised by taxes, borrowing, or by user fees on social services.

Deflation And Its Effects On The Economy

Deflation means the value of your money increases over time, as opposed to inflation. Why is that bad for the economy? Read on - and put on your thinking caps!

Problems of Budget Deficits

A budget deficit occurs when Government spending is greater than tax revenues. For political reasons a budget deficit often occurs. Politicians never gain votes by raising taxes and cutting spending. With many major World economies facing a large budget deficit. It is worth considering the main economic disadvantages of Government borrowing.

Supply Chain, A New Concept in India - A Success Story of the India Supply Chain Council

The Concept of Supply Chain in India is a new concept if not unofficially at least officially. India Supply Chain Council has been a pioneer in this here in India in popularizing the concept in India. The organization in its two years of existence has been very successful in its endeavor. What is supply chain all about and why is it so important in today’s global business activities. Supply Chain refers to the distribution channel of a product, from its sourcing, to its delivery to the end consumer (also known as the value chain). The supply chain is typically comprised of multiple companies who are increasingly coordinating activities via an extranet.

Recession Looms For US Economy

Reasons why the American Economy may enter a Recession. Including falling House Prices, House Prices could have further to fall, Mortgage Lenders going Bust and large Current Account Deficit.

Mobile Small Business Enterprises In The Urban Slums Of Nairobi Micro-loans & Economic Development

Revitalizing an Urban Slum with 800,000 people in it, will not be easy and that is exactly what Kibera is in Nairobi, Kenya. The Nairobi city officials state that they are illegal settlements and they want them gone. But a plan has been floated by the Online Think Tank to tear down these urban slums in Nairobi and simultaneously build them back up and make them economically viable with small businesses.

You Would Think Living in an Oil Rich Country Should Make Energy Costs Cheaper for Their People?

I went to fill up my car a few days ago and saw that the cost per liter of gas at $101.9. For those of you who are not on the metric system, that would equal roughly $3.57 a gallon. In Canada, the province of Alberta is booming, not because they just have wonderful beef, but the oil industry is flourishing beyond belief.

Free Trade Agreement (FTA) Fair Enough?

This year is laced with an unusually large dose of irony. 2007 has been set up as a splendid celebration of half a century of nationhood and sovereignty, with Malaysia emerging as a successful, modern democracy that has succeeded in avoiding any encumbrances by over-dependence on other nations, especially those which wield considerable strategic strength. But it is also a year when this hard won independence is under jeopardy. Independence is not just freeing us from colonial masters. Independence is also about maintaining our sovereignty and being able to freely pursue policies without having to answer to another country. Simply put, independence must be safeguarded at all times so we can do what we want to do based on what we think is in our collective interests as Malaysians.

Ruined Rural Economy India - Forgotten Common Man - Part 7

The article in series of Ruined Rural Economy further highlights as to how GOI is forgetting a common man at all. How brutally four farmers were killed on 14 March 2007 at Nandigram in Wesy Bengal is analyzed in the light of Special Economic Zone (SEZ) at the cost of human lives.

Paid To Passage Straits Of Malacca

Moreover, the amount to be paid is a mere drop in the ocean and won't threaten their bottom line. The stepped-up naval patrols and aerial surveillance by Malaysia, Indonesia and Singapore have been effective in reducing piracy, but these are expensive affairs and so are the buoys, lighthouses and other navigation aids, and the measures to clean up oil spills. Since the littoral states have taken purposeful measures to come to grips with the issues of safety, security and pollution, it is incumbent on the international maritime community to lend them a hand. It is time the shipping industry took on board the idea that it too should contribute financially to the upkeep of one of the world’s busiest sea lanes.