History of Economic Thought

Economics  as we know it was shaped by great thinkers of yesteryear. Those that were bold enough to express their theories and  go against the deep-rooted status quo. The birth of the theories that are well known in economic circles revolve around three phases namely Pre-modern, Early Modern and Modern. The Pre-Modern era had empires…

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The Economics of Gambling

Gambling carries a wide array of descriptions but one caught my eye. Business dictionary defines gambling as betting (wagering) that must result either in a gain or a loss. It is neither risk-taking in the sense of speculation (assumption of  substantial short-term risk) nor investing (acquiring  property or assets for securing long-term capital gains). In…

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The Kadogo Economy

A wise man once said, the distribution of wealth and the capacity to generate incomes in the world can be captured in the form of an economic pyramid. At the very top of the pyramid are the wealthy with numerous opportunities for generating high levels of income. On the other hand more than 4 billion…

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Dotting The Triple I(s)

The treble I(s) would, in economic terms be Inflation , Interest Rates and Investments. How I wish ice-cream was one of the I(s) – I love ice-cream. Ice-cream aside , I’d like to shed some light on how the aforementioned three are interrelated. Inflation by virtue of definition , occurs when demand for goods and services…

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