Production & Utilization of Wealth

Production & Utilization of Wealth

Big Questions

Is the reign of globalization — aka The World is Flat — over as we’ve know it; and the rise of local, regional, and homegrown business is now at hand?

  • Or, will we still need to balance globalization with economic regionalism to maintain the cooperative alliances necessary to deal with global existential risks? (climate change, pandemics, nuclear threats, plant/animal extinctions)

Homecoming: The Path to Prosperity in a Post-Global World by Rana Foroohar

Were Trump’s nationalistic, anti-globalization make america great again policies and anti-leadership style eroding America’s standing in the world and therefore, eroding the value of the dollar? As a result, could the dollar eventually be replaced as the world’s premier currency?

Is blockchain-enabled bitcoin the beginning of the end of cash?

Big Picture

Big Picture / Human Society / Production & Wealth

Economic theory

  • Basic concepts
  • Levels of economic analysis
  • Comparison of different economic systems
    • Historical development of economic systems
    • Western-type market economies
      • Capitalism
    • Socialist economic systems
    • Mixed economies
    • Other economies

Consumer and Market

Production and Distribution

Income and Wealth

  • Distribution by categories of the population
  • How government affects the distribution


The 1% Doth Protest Too Much

The 99% in the U.S. happen to be the ones that go to work everyday and actually do everything: design and engineer the products; manufacture, sell, distribute, repair and maintain the products; and provide all the services we rely on that make companies successful and grow, share valuation grow, and hence, shareholders wealthy. So when some CEOs (the 1%) earn more than 1,000 times the median salary of their employees, maybe the 1% shouldn’t be surprised when workers say respectfully, “What’s up with that?”


Empire of Pain: The Secret History of the Sackler Dynasty by Patrick Radden Keefe


  • National income and employment theory
  • Intl. equilibrium and disequilibrium
  • Business cycles
  • Inflation and deflation

Economic Growth and Planning

Further reading