Separation of Powers Metaphor
The four “elements” (or “powers”) that form the foundation of government can roughly be expressed as: citizens, executive, legislative, and judicial.
Cooperation
Cooperation is working together.
The 2007 – 2009 Financial Crisis Explained
We explain the Financial Crisis / Great Recession of 2007 – 2009 that began with the 2006 housing bubble, led to a recession in the U.S. by December 2007, and became a global crisis by 2009.
Andrew Carnegie’s Gospel of Wealth Explained and Annotated
Below we present an annotated version of Andrew Carnegie’s 1889 essay Wealth (better known as the Gospel of Wealth).
Types of Governments
We explain and list the types of governments. We cover the basic classical forms of government, the many types of governments that can be derived from the classical forms, and the actual forms of governments in practice.
Social Contract Theory and the State of Nature
Social Contract Theory is the theory of why people form governments based on how people lived in a State of Nature before government.
Understanding Collectivism and Individualism
Collectivism describes ideology (political or otherwise) that favors the collective, like-wise Individualism describes ideology that favors the individual.
Adam Smith as a Moral Philosopher
We explain Adam Smith as a Moral Philosopher, and explore how his Theory of Moral Sentiments connects to his economic theory from The Wealth of Nations.