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Tag Archives: Economics
1922: An Unusual Scheme
In 1922, the Greek government concocted an unusual scheme for dealing with a large deficit in the country’s budget. Largely caused by the expense of WWI, the deficit had soared exponentially, and the government could neither tax nor borrow itself … Continue reading
2017: Be a Resilient Cooperator
Do human beings act purely out of self-interest? The Prisoners’ Dilemma is a classic puzzle designed to test and explore this question: Two members of a criminal gang are arrested and imprisoned. Each prisoner is in solitary confinement with no … Continue reading
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Tagged 2010's, 21st Century, Andrew Mao, Capitalism, Duncan J. Watts, Economics, Lili Dworkin, Prisons, Psychology, Science, Siddharth Suri, Socialism & Communism, USA
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2009: A Trade Union for Trees
Look at a single tall tree standing proud in the middle of an open area. Why is it so tall? Not to be closer to the sun! That long trunk could be shortened until the crown of the tree was … Continue reading
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Tagged 2000's, 21st Century, Books, Economics, Evolution, Great Britain, Richard Dawkins, Science, Socialism & Communism, Trees, Unions
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1819: Kahikona arrives in Hawai’i
Beginning in the early part of the last millennium, Polynesians explored 16 million square miles of ocean by canoe, navigating by the stars, sun, clouds, ocean swells, and currents; they settled on every habitable island in the Pacific and likely … Continue reading
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Tagged 19th Century, Colonialism, Economics, Hawai'i, Kahikona, Prose, Relationships, Ships & Sailing, USA
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