Economics is the social science that studies the production, distribution, trade, and consumption of goods and services. Economics uses a mix of psychology, mathematics, experiment, and analysis to predict and understand economies.

The Basics of Options Trading

Options are contracts that represents the right to buy or sell an underlying asset before an expiration date once certain price conditions are met.

Capitalism Works Because Capital is a Built in Incentive

In my opinion capitalism works because it is based around the built in incentive of capital. In capitalism, capital itself is an ever-present motivator. Producing capital is rewarded with capital, which inspires more capital to be produced. This is a feedback loop that drives the production of capital and the accumulation of excess capital.

Neoliberalism Explained

Neoliberalism is an economically-minded evolution of classical liberalism focused on deregulation, trade, and the private market. It is a “middle way” or “third way” between liberalism and conservatism.

Understanding Labor and Capital

Labor and capital are economic terms that describe 1. workers and their labor power and, 2. capitalists and their material and financial capital.