Microeconomics and Political Economics

Diving deeply into Argentina’s economic and political history, this article dissects the myth of its “Golden Age” and sheds light on the complex interplay of factors that led to Argentina’s early prosperity and subsequent economic decline. From a dominant agricultural oligarchy impeding the economy’s modernisation to a developmentalist import substitution industrialisation strategy under the leverage…

This piece aims to refresh the standard economic discussion of money by synthesizing history, economics, and anthropology. We cover exchange before money, after money, and finally explore a wider definition of human exchange. A deeper look into humanity’s relationship with money and exchange produces newfound insights, ideas about the future of money, and hopefully, meaningful…

From the birth of probability theory emerged decision theory, a field woven with pivotal historical contributions. Beginning with Pascal and Fermat’s groundbreaking forward-looking approach, it traces the disruptive St. Petersburg paradox and highlights Kahneman and Tversky’s cognitive insights. This succinct history unveils how the modern field of decision theory came to be.

Capitalism is the dominant economic structure in most modern societies. But to learn something about the world today, it is essential to understand how capitalism emerged and subsequently rose to the top. In this article, which marks the beginning of a partnership with Rethinking Economics St. Gallen, literature that explains the emergence of capitalism is…

The recent years have seen immense growth in e-commerce, especially during the COVID-19 pandemic. Besides big players like Amazon, numerous startups in the field have emerged and tried to bundle sellers’ demands for managing logistical operations. While online shopping comes with the benefits of often lower prices and the convenience of buying from home, instant…