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In today’s fast-paced, consumer-driven world, managing personal finances can feel like navigating a minefield of temptation. Between the lure of credit cards, the ease of online shopping, and the...
Money is more than just numbers on a page, it’s about emotions, behavior, and psychology. Your financial decisions are influenced by deeply ingrained habits, preferences, and values, which can be...
Equity in the Economy: Unraveling the Threads of Economic Justice
Economic justice is a concept that transcends simple economic transactions—it touches upon fairness, equality, and the moral dimensions of economic policies and institutions. This tutorial delves...
Part Two: Introduction to Behavioral Economics – Cognitive Biases and Financial Decision-Making
In the first part of our series on Behavioral Economics, we introduced the concept that humans are not always rational in their economic decisions. Traditional economic theory assumes that...
Stealth Wealth: The Power of Financial Modesty in a Flashy World
In a world where social media often serves as a highlight reel of luxury, showing off the latest gadgets, expensive vacations, and designer clothes has become the norm. From influencers promoting...
Case Study: The Nixon Price Controls of 1971 – Economic Consequences and Lessons Learned
In the summer of 1971, the United States found itself in a period of economic uncertainty. Inflation was rising, unemployment was high, and the U.S. dollar was under pressure in international...