Abstract： Charlie Munger’s investment philosophy stresses recognising one’s limits, preparing thoroughly, and focusing on only a few...

Abstract：The text emphasises preparing over predicting in the face of an uncertain future. Morgan Housel and Nassim Taleb advocate...

Abstract ：The article emphasises the inherent unpredictability of the future, even when using cyclical theories or historical patterns to...

Abstract： The article argues that America’s housing crisis stems from restrictive urban planning and a resistance to increased density....

Abstract： The article reviews Abundance by Ezra Klein and Derek Thompson, which calls for building a future of shared prosperity through...

Abstract：The economic explanation of why elections are decided by centrists stems from the "Median Voter Theorem," which posits that in a...

Abstract：The relationship between inflation and unemployment has long been debated in economics. The Phillips Curve, proposed by...

Abstract：Inflation, defined as the sustained rise in general price levels, is a key economic concept with profound implications. Measured...

Abstract：Money, at its core, addresses society's need for coordination and cooperation. Its utility lies in universal acceptance, as...

Abstract：Macroeconomics, emerging in the 1930s with Keynesian theory, examines aggregate variables like total demand, supply, and...

Abstract：Stock market prices fluctuate rapidly, attracting many to short-term trading for quick wealth. However, most fail because...

Abstract：Market solutions to environmental issues can often be more effective than administrative interventions. In the U.S., factories...

Abstract:  To escape poverty, individuals must enhance their capabilities through education and self-reliance while fully participating...

Summary：In wealthier societies, the satisfaction from raising well-educated and well-developed children far surpasses the satisfaction of...

Summary：Whether it's shortage or surplus, both are linked to imbalances in price mechanisms. When prices cannot freely adjust, the market...

Summary：Stock market reactions to new information occur within milliseconds. In a 2013 case, Chicago's market reacted faster than New...

Summary：while stock price movements involve a rational response to new information, the arrival of that information is inherently random,...

Summary：This article explores the balance between modernization and environmental protection, emphasizing how historical perspectives can...

Summary ：This article explores Coase's theorem and its application in real life, emphasizing the principle "whoever uses it well deserves...

Summary： This article explores two crucial economic concepts: sunk costs and marginal costs. It highlights the difficulty in practicing...