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trust
There was once a man named Tolstoy living in a small house in the Russian countryside. He was a simple dairy farmer and his life seemed to move slowly and predictably, just like the cows he tended to each day. One day however, his life took a dramatic turn when his neighbors presented him with a p......
06/07/2023 
1067 
Joey
Modern Quantity Theory of Money
Modern Money Theory
Modern Money Theory, also referred as ‘MMT’, is a school of economic thought that focuses on understanding the ways money is created and used in the modern macroeconomy. The theory explains the relationship between government, central banks, commercial banks, and people with......
James Stuart's Tax Thoughts
James Steuarts Theory of Taxation
Taxation is a major instrument used by governments to collect revenue and finance public expenditures. As a result, theories of taxation have been a major feature of much economic thinking since the seventeenth century. James Steuart (1712-1780) was an early theo......
white knight
The White Knight
Once upon a time, there was a brave and noble knight named Sir William. He was a champion of justice and truth, and a protector of the helpless and vulnerable. He boasted great strength and courage, and he was respected by everyone in the kingdom. People talked of the White Knigh......
Engel's law
Ohms Law
Ohms law states that the current passing through a conductor is proportionally related to the potential difference across its ends known as voltage. Mathematically, it can be written as:
I = V/R
Where I is the current in amperes, V is the voltage in volts and R is the resistance in ohm......
hegemonic stability theory
Hegemony Stability Theory
The concept of Hegemony Stability Theory was developed by Stanley Hoffmann in the early 1970s. The core idea behind this theory is that a great power, or hegemon, can maintain a relatively stable international order through its own power and influence. This is accomplish......
labor theory of value
“Labor Theory of Value”(LTV)
Introduction
The Labor Theory of Value (LTV) is a widely-accepted concept in economics that holds that the amount of labor required to produce an item, service, or commodity is the driving force behind its price. This theory has been around since the dawn of civil......
Posner's theorem
The Boson Netsu Theorem
The Boson Netsu Theorem is an important theorem in quantum mechanics, developed by physicist Paul A.M. Dirac in 1928 in an attempt to unify the two fundamental forces of nature: electromagnetism and gravity. The theorem states that a boson field – a field that acts as a p......
Two Columns Four Levels Three Parts
Part One—A Sunny Day
I woke up early to the sound of birds chirping outside my window. The sun was shining brightly and the sky was a beautiful shade of blue. I knew it was going to be a great day! I stretch my arms and legs, soaking in the warmth of the sun.
I took a shower and got dressed in......
Lewis turning point
The Unsung Hero of the World
It was an unusually hot and bright summer day, one when laughter and joy filled the air. People were everywhere, some running, some walking, and some simply standing in one place. It was an ordinary day, but one that held the promise of activity and adventure.
On thi......
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