News tagged with economic models

Economics made simple with physics models

How would you go about understanding how markets can suddenly be gripped by panic? To physicists, using a model originally developed to explain magnetism might make sense. Yet, economists may find this extremely counter-intuitive. ...

dateJan 03, 2017 in Economics & Business
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Why did western Europe dominate the globe?

Although Europe represents only about 8 percent of the planet's landmass, from 1492 to 1914, Europeans conquered or colonized more than 80 percent of the entire world. Being dominated for centuries has led to lingering inequality ...

dateSep 02, 2015 in Social Sciences
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