Economic Thinker Seminar
Seminar Short Articles & Discussion Questions
Seminar Short Articles & Discussion Questions
Monday 23 January 2016
Peter N. (Daniel Kahneman)
Q2. What could Netflix do with the resources accumulated from either decision? Would they be able to invest more with saving or would the benefits gained from spending allow them to grow even more as a company?
Wednesday 25 January 2016
Elaine H. (Niall Ferguson)
Majd K. (Johan Norberg)
Tuba S. (David Suzuki)
Monday 30 January 2016
Q1. What is the next step in open source production? Will all companies merge into one big company?
Q2. Do you think in the future, open source production will overtake privatized production?
Q2. Do you believe that property rights are key to the development of our economy?
Peter C. (Neha Narula)
Q2. Should new entrepreneurs and start-up businesses take the risk in investing and accept Bitcoins?
Wednesday 01 February 2016
Q1. Do you think it is possible for companies like Shell and BP to move away from fossil fuels, whilst still using a capitalist model?
Q2. Can an economic system be blamed for people's decisions and actions?
Q2. Wang says that, "We don’t interfere with the content — I just want the profit.” However, the trend of companies changing films to appeal to the Chinese audience has become apparent; do you think the Trump presidency finds that unacceptable, given their primacist views, and would they bring any changes?
Tony Chan & Billy W. (Sangu Delle)
Q2. If Sangu Delle's method of concentrated investment was used for South Africa which type of industry should be focused on besides Agriculture?
Friday 03 February 2016
Q1. Similar to Alan Greenspan receiving the blame for the 2008 financial crisis, ″many will be quick to blame successive Greek governments″ along with Greece′s private lenders, creditors, and the IMF for Greece′s debt crisis.
Do you think economic decisions for a free market economy should exclusively depend on the expertise of one individual or a group of individuals? Why or why not?
Q2. In both cases of the 2008 financial crisis and that of the Greek debt crisis, a wavering finger can be pointed at a number of suspects. However, no matter how you look at it there were indications of turbulent times ahead. From Alan Greenspan and the rest of the economy, there were numerous troubling externalities plain to see. For example, the skyhigh escalation in incredibly low mortgages, or the speed at which construction increased in order to provide new homes for the overflowing number of buyers. As for the Greek's, bailout after bailout, lie after lie, the fellow Eurozone countries and financial contributors like the IMF continue to lend money to the unceasing downward economic spiral while seeing the effects right in front of them.
Though most present day economists rely solely on analytical economics, should normative economics be factored in?
Q1. By considering Mcdonalds example of combining restraint and innovation to their “McFish” product, how can other companies take this approach to achieve an overall goal of sustaining the environment?
Q2. Which of the two strategies: Malthusian restraint or Solovian innovation, is better in terms of helping the planet?
Borg L. & Shafi R. (Joseph E. Stiglitz)
Q2. In a perfect free market economy scenario, should imperfect information be illegal and why?
Tuesday 07 February 2017
Q1. Do you think it is a good idea for Greece to adopt over 1000 Bitcoin ATMs across the country , and possibly expanding it more in the near future to leave the euro?
Q2. What can be modified to the idea of bitcoin that will ultimately be a valid solution to Greece’s economy?
Tony Chow & Alex V. (Paul Krugman)
Massimo F. & Ciaran W. (Noam Chomsky)
Q2. Would the current level economic growth in Panama, however unsustainable it may be, be possible without Neoliberalism? If so what would it look like?
Thursday 09 February 2017Alexander M. (Nikolay Kondratiev)
Rayan & Ryan (M. Carney)
Q1. Corporations must spend a considerable amount to adopt more environmentally friendly policies and lessen their impact on climate change. Many have chosen to invest in a “green” image as a short-term solution, while others are continually researching new methods of production that lessen their carbon footprint. Will those companies investing in a greener future instead of a short-term image be rewarded for their investments? (or is it too little too late and those companies that are not lessening their impact on climate change will be more profitable and force the “green” companies out of business)
Q2. When transitioning to environmentally friendly operations, companies must give up quite a lot. Not just in terms of money and resources, but also past operations such as production of goods will have to be altered significantly. Will the opportunity cost of going green be worth it for most companies, or will they view it as too great and decide against it?
Tuesday 24 January 2016
Q1. Niall Ferguson says that the U.S. dollar will strengthen, the stock market will rally. Do you think these assumptions are true? Why or why not?
Q2. Will the rise of the Eastern world’s economy deflate the West, or will it make it compete harder and create healthy competition?
Q2. Would it be more beneficial to poor countries if they were left to support their own economies rather than engage in international trade?
Thursday 26 January 2016
Q2. Does free trade and openness perpetuate income inequality?
Tuesday 31 January 2016
Q1. Given Yemen's situation, does it expose a failure in the free market?
Q2. What types of intervention or aid should be done to help Yemen's famine and economy?
Q1. Do you think that the economy is based off of the environment?
Q2. What can we do to prevent the economy from collapsing, but still maintain a healthy environment?
Q1. Do you believe the private sector should invest in the workforce of these areas, by providing proper minimal living standards in these areas for cheap labour in return?
Q2. These rural areas lack in technology as they are not modernized. Do you believe that a rapid economic development in these areas would be a great benefit to the people of the area and or to the country itself?
Thursday 02 February 2016
Q1. Do you think it is necessary for the government to intervene in times of economic crisis?
Q2. If stimulus is applied to a certain extent, do you believe it will be successful in combating Brazil’s debt problem?
Q1. Will the recent travel ban set out by the US president affect the global atmosphere around moving forward with globalization?
Q2. Is globalization from an economic standpoint an inevitable side effect of the growth in technology and development of nations around the world?
Q2. In a developed country such as Canada, why do you believe that women still work under the preconceived assumption that they will take a maternity leave in the span of their career. How does this financial inequality relate to those who don't take a maternity leave, or remain childless?
Monday 06 February 2017
Q1. What are the potential irrationality and risk that harm both consumers and sellers in black friday sales? Try to relate to prospect theory.
Q2. People tend to purchase more online than in stores because of convenience; however, do people tend to overlook the potential risks in online shopping?
Q1. Do you think popping the carbon bubble is a good thing or a bad thing for
the economy? Why or why not?
Q2. Do you think an economy would be able to recover if the carbon bubble bursts? (one third of the world’s assets are invested in the carbon industry)
Q2. Will the current food-consumption trends continue to rise in the industrial agriculture system? Or will there be a shift in growth, leading towards a collective action decision?
Wednesday 08 February 2017
Q1. From an economic perspective, why is the Islamic State very different from other terrorist organization that Loretta Napoleoni studied. How is their contribution to the rogue economy different than that of a normal terrorist organization?
Q2. Why are ordinary citizens unknowingly contributing more to the rogue economy now than they were before globalization? Does this change your opinion on globalization?
Q1. With the prospect of increasing protectionism under the new administration, and already ballooning debt. Will the US lose its place as the world’s largest economic superpower, and if so how will the US “stimulate” its economy into growth if the country’s access to money declines?
Q2. Digital currencies like Bitcoin are becoming increasingly ubiquitous especially in countries that lack stable currencies. Do you believe that these alternative currencies will eventually hinder the ability of major central banks to affect monetary policy?
Q2. What implications are there that system D is successful or unsuccessful?
Tuesday 14 February 2017 AFTER University Marks Transfer
Q1. What do you think the factors are that create income inequality in Canada?
Adini S. & Yanwai J. (Roger Martin)
Q1. Keeping Klein's Theories In Mind... If were past the point of denying climate change, why was Donald Trump elected?
Q2. What do you predict for the future of climate change vs capitalism?