Category Archives: Economics

On Raising the Minimum Wage

One of the most extraordinary parts of the United States presidential primaries has been the highlight of economic inequality and the minimum wage as an issue in the race for the Democratic nomination. Slowly but surely, the idea of a … Continue reading

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Trans-Saharan Trade

The Sahara Desert is one of the more frequent examples of a natural barrier to trade, with the vast arid expanse blocking communication between the southern Mediterranean coast and West Africa. However, this is relatively recent and a result of … Continue reading

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Scotland, Catalonia, and Now Venice; A Look at European Independence Movements

In that past week, events in Crimea have dominated the news. Particular attention has been given to the referendum to secede from Ukraine and join the Russian Federation, which received an alleged 93 percent vote in favor. However, this is … Continue reading

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Historical Oddities: The Tulip Bubble

The Netherlands is famous for its tulip fields, but back in the 1600s the tulip flower was only a recent introduction into European gardens from the Ottoman Empire. This was during the golden age of Dutch trade dominance, and the … Continue reading

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Digital Distribution and the Changing Economics of Media

In the past few years a veritable revolution has taken place in the entertainment and media publishing industry, and that is the growing prevalence of digital distribution. The rise in use of the internet has made buying and selling products … Continue reading

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A Case of Imperial Decline: Comparing Spain and the United States

Recently, I finished reading Imperial Spain: 1469-1716 by John Elliot.  It is one of the definitive books on Spain during the Habsburg dynasty, and gives an excellent overview of the rise and the beginning of the decline of the Spanish … Continue reading

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A Greek Exit From The Euro Could Be Bad, But Necessary

Greece has always been a thorn in the side of the European Union since the 2008 recession. Greek public debt has grown to over 160 percent in 2011 according to the IMF, the second highest debt-to-GDP ratio of any country … Continue reading

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