If you are looking for an economic theory that better addresses the issues like poverty, health reform, worker’s share, financial crisis or environmental deterioration than traditional economic theories, you may visit the website of Greenhouse Care Economics (GhCE), www.ghceconomics.org.

The concept of Greenhouse Care Economics is derived from a new model of welfare economics ((… Continue

As the Christmas Holidays are approaching, the competition for customers is becoming more intense and prevalent - if nothing else would persuade people to shop until they drop then at least the “price-matching” clause should prevail against the competitors. Thus, buyer, be aware of unpaid labor you are providing to corporations on this tough labor market. The ecstatic consumers will be actively haggling with Customer Service without realizing how they are actually working as free market-spies fo… Continue

If you live in Cumberland County, New Jersey, Upper Deerfield Township area, it is possible that you have noticed a novel local resident – materialization of the Theory of Industrial Organization. With the recent tenant, Aldi, the preconditions for the price war have been realized and the battle is on!
First arrived Acme, then came ShopRite, some years ago opened Wal-Mart and now entered Aldi to already overcrowded local market. Upper Deerfield Township is a rural area with about 8000 inhabitant… Continue

Welcome to part 2. (Click here to read the first part) I will begin this part with the modern panacea for recession. Loosen monetary policy, let your currency depreciate boost your export and plough back out of recession.

This looks efficient as well as effective in most cases. Although the sanity of increasing liquidity in the market was not suggested to the Asian tigers or the Argentinean government during the crisis, still it is now a well established fact to do so in order to fight recessio… Continue

I started off with the aim of exploring recessionary economics. I wanted to find out the different ways in which a recession is triggered and steps which can lead a nation out of it. But as I spent more time on it, the length and complexity of the scenarios to be considered kept increasing. I wanted to present a simple model which can explain different kinds of recession and give a clear picture of the phenomena which everybody can understand. But as I said earlier it’s now taking too much time.… Continue