Why did the Global Financial Crisis actually happen? The best explanation I have come across was when about this time last year Canadian professor Jim Stanford came to speak at my uni - he tries to demystify the economy by explaining the concepts and jargon in a simple, easily understandable way.
What is the economy? It is WORK. 'The total sum of work we do to meet our needs and wants.' The economy is about meeting human needs.
Jim separates the economy into:
1. the "real economy" - that Read more [...]
Posts tagged Economics
The “PAPER ECONOMY” and the GFC
Why did the Global Financial Crisis actually happen? The best explanation I have come across was when about this time last year Canadian professor Jim Stanford came to speak at my uni - he tries to demystify the economy by explaining the concepts and jargon in a simple, easily understandable way.
What is the economy? It is WORK. 'The total sum of work we do to meet our needs and wants.' The economy is about meeting human needs.
Jim separates the economy into:
1. the "real economy" - that Read more [...]
