Say Adam Smith, & the word image that pops up is “Economist” or “Father of Capitalism”. Yet, despite the image, Adam Smith’s work was more philosophical / moral than purely economics, says The Philosopher’s Beard.
A researcher has used the rubbish we throw away as an alternative, more reliable measure of consumption than the standard model.
Dylan Grice, an analyst from Societe Generale, in his letter titled “You are debasing more than our currency”, asks, “do our money-printing central banks and their cheerleaders understand the full consequences of the monetary debasement they continue to engineer?”
The Internet has decimated the distribution system in a whole range of industries – newspapers, advertising, ideas sharing, communication, telecommunications etc. Education hasn’t been spared either. There are hundreds of online courses that offer specialised or general education courses, (Khan Academy, Coursera are a couple of examples). It has spawned what are called MOOC (Massive Open Online Course) from the likes of Harvard, Stanford, & other big-dollar universities, who don’t want to lose their advantage (& their revenues). Adding to the list, MRUniversity is offering a free economics education. Here’s a current collection of 530 free online courses, something might catch your fancy!