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Posts Tagged ‘Economics’

Why Economic Development Incentive Programs Don’t Work

open sign

When it comes to economic development programs, most people are quick to hang their hat on the incentive rack. It’s shiny and big and full of promise. Yet, the stark reality is almost all programs of that nature miss the mark on actually creating sustainable growth. Rather than focus efforts on wooing new companies to…

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Radical Thinking for 21st-Century Economists

doughnut economics

The economy is a complex, evolving system, and that’s an empowering thought: it means that every one of us can play a part in shaping its evolution. When it comes to understanding economics you may be familiar with classic texts like Adam Smith’s, but don’t view that as the be-all-end-all, lest you get stuck in…

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Separate and Unequal: A Story of How Wealth Divides Us

business man

For Chuck Collins, privilege and wealth were birthrights: As the great-grandson of hot dog-royalty Oscar Mayer, he would inherit part of the family fortune as a trust fund. While most people would have viewed this as a blessing, Collins simply felt a profound sense of guilt. Having become aware of inequality at a young age,…

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Seven Ways to Think Like a Twenty-First-Century Economist

doughnut economics

We’ve come a long way since the days of horse-drawn buggies and telegrams: We can send messages to someone across the globe in seconds, travel overseas takes hours not days, and yet, when it comes to how we think about the economy, we’re centuries behind the times. Renegade economist, Kate Raworth, proposes an entirely new…

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Profit or Loss from Farming

buying at farmers market

Most people don’t start farming to crunch numbers and expenses. Like any business, even small-scale farmers need to consider their income and expenses. In his chapter on economics, Mike Madison breaks down everything he reported on his Form 1040, Schedule F: Profit or Loss from Farming to give readers a good idea of what kind of accounting…

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VIDEO TED2018: A healthy economy should be designed to thrive, not grow

Kate Raworth speaking

What would a sustainable, universally beneficial economy look like? “Like a doughnut,” says Oxford economist Kate Raworth. In a stellar, eye-opening TED2018 talk, Kate explains how we can move countries out of the hole — where people are falling short on life’s essentials — and create regenerative, distributive economies that work within the planet’s ecological limits. (Afterward,…

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