Posts Tagged ‘Adam Smith’

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    (Bad) Decisions

    Apr 24, 12 • 496 Views • No Comments

    By Mira Korber, guest blogger. Why might have most notorious fraudsters committed their crimes? The traditional answer seems obvious: severe character flaws, lack of ethics, unbridled greed. But there may be more to the picture than simply this “bad......  [read more]

  • Chinese Consumers and Fresh Apples

    Chinese Economic Growth

    Mar 17, 12 • 571 Views • No Comments

    Our story ends with the recent 2030 Word Bank Report on Chinese economic growth. But we have to start with sunflower seeds. There once was a poor Chinese farmer who believed he could excel at nothing but sunflower seeds. Traditionally sold in stores, in bulk......  [read more]

  • The Panama Canal Project Facilitates World Trade.

    The Fabric of Free Trade

    Oct 14, 11 • 410 Views • No Comments

    The roof of the big-box store near your home could contain fabric that was made in Greensboro, N.C. Transported in rolls that are 12 feet wide and 5,000 yards long, this material is also made in South Korea. Until now, U.S. textile firms could compete against......  [read more]

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    Naming Matters

    Oct 5, 11 • 388 Views • No Comments

    Combine something enjoyable like a strawberry with a color that connects to high tech. Then add the one letter that has a “reliable” sound in most languages and what do you get? Blackberry. Actually, the Blackberry might have been called the......  [read more]

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    African Notes

    Sep 30, 11 • 424 Views • No Comments

    If you were asked to select the world’s fastest growing economies, maybe you would place China at the top of your list.  This Economist Daily Chart sums it all up. 6 of the world’s fastest growing economies, 2001-2010, are located in......  [read more]