An economist, Adam Smith, famously wrote that “it is not from the benevolence (慈善)of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own self-interest.” Like Smith, many economists today believe that one’s self-interest is what drives...
An economist, Adam Smith, famously wrote that “it is not from the benevolence(慈善) of the butcher, the brewer or the baker,that we expect our dinner, but from their regard to their own self-interest". Like Smith,many economists today believe one's self-interest is what drives competitio...
but also opened the door to entirely new business opportunities for some larger enterprises. Prior to the current wave of AI, for example, it would have been hard to imagine using computer software to connect riders to taxis on demand, yet Uber has become a Fortune 500 company by doing just...
Gary Leff
There are still more buyers than sellers, and that means a meaningful price decline can’t happen: “There’s just generally not enough supply,” says Mark Fleming, chief economist at title insurer First American Financial Corporation. “There are more people than housing inventory. It’s Econ...
the economist at Columbia University, suggests that not all people graduating into a recession see their life chances dimmed: those with degrees from elite universities catch up fairly quickly to where they otherwise would have been if they had graduated in better times; it is the masses beneath...
Scale as needed:When working with an on-premises data center, hardware plans must account for the maximum possible resource usage. For example, if an upcoming launch is expected to drive traffic, then IT must scale to that volume with additional safety-net coverage. However, if the app’s ...
How can business leaders prepare for the next recession?Recessions are like health problems—at some point in our lives, we’re likely to face some sort of issue, whether it’s minor or major. The healthier you are to start with, the more likely you are to come through just fine. ...
Say, for example, "you're an IT worker and you want to work at a startup firm," said Bustamante. It might be difficult to find an opportunity there, but perhaps looking into the medical field or in government service, which is "doing pretty strong hiring as well," could be fruitful,...
The concept of economic stimulus is associated with 20th century economistJohn Maynard Keynes. A recession, according to Keynesian economics, is a deficiency ofaggregate demandwhere the economy will not self-correct. Instead, it reaches a new equilibrium with higherunemployment, lower output, and slow...