Economics @ ITT

Free Trade Explained In An Excellent Comic

Posted in economics, International Economics, Trade by ittecon on June 30, 2015

The Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) are the latest in a long line of international free trade agreements. But why are they bad for the majority of people and the planet and what are the justifications given by politicians, ecomonists and big corporations for pushing them?

via Free Trade Explained In An Excellent Comic.

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Supreme Court Rules That Clean Air Is Too Expensive

Posted in economics, environment, externalities by ittecon on June 29, 2015

Ain’t that a crock…

The Supreme Court voted Monday that the EPA cannot stop power plants from releasing hazardous chemicals without first proving that the clean air is worth more than the companies would have to spend to stop polluting.

via Supreme Court Rules That Clean Air Is Too Expensive.

Behavioural Finance – Theory and Practice

Posted in economics by ittecon on June 29, 2015

Emotions and irrational thinking often influence (economic) decisions.

via Behavioural Finance – Theory and Practice – The Market Mogul.

Dutch city of Utrecht to experiment with a universal, unconditional ‘basic income’

Posted in economics by ittecon on June 26, 2015

Basic income is a universal, unconditional form of payment to individuals, which covers their living costs. The concept is to allow people to choose to work more flexible hours in a less regimented society, allowing more time for care, volunteering and study.

via Dutch city of Utrecht to experiment with a universal, unconditional ‘basic income’ – Europe – World – The Independent.

Where Does Money Come From?

Posted in economics by ittecon on June 23, 2015

“What is money? How is it created? How does it enter into circulation? These are simple and vital questions it might seem, but the answers remain contested and often muddled.”

via Where Does Money Come From? – Positive Money (BSD).