Why a Car Priced at under 10.000 EUR is a Bad Deal for the European Economy

I have recently read about the launch of Ford’s new car for the emerging markets – the Figo. The car is expected to be priced at between 5.000 and 6.000 EUR and will be sold initially in India. At the same time I could not help thinking what impact such a low-cost vehicle would have on Europe’s economies, provided it could be sold at these prices.

Financial Innovation and the Fractional Reserve System. What is to Blame for the 2008 – 20?? Economic Recession.

In the flood of debates on the issue of the current economic recession, an impressive number of economists have mentioned that the fundamental problem is systemic in nature. However, few have explicitly indicated the true cause – the fractional reserve system.

Deep Thought – 15.11.09

“Socially engineering the bottom billion”

The Western world has the responsibility to transfer its best practices to the governance structure of developing countries in order to deliver stability.

Economic Systems – Comparison between Feudal and Capitalist

While reading Neagu Djuvara’s book “Thoctomer”, I felt intrigued to sketch a brief comparison between the two great economic systems that the Western civilization has used during its existence.

Europe without Lisbon

Let’s imagine a Europe without Lisbon. Let’s imagine a world without Europe.

How the Age of Networking Came to Being

On the economic side, in the recent past a revolution took place. As business processes became ever more complex and markets increased their level of competition, outsourcing seamed the best way to adapt the old-fashioned institutions into becoming more efficient.

World-Systems Theory Or How Did It All Happen

As the theory of relativity has shattered Newton’s discovered principles into a small space-time capsule in which they were relevant, and as philosophy constantly renders religion as useful mainly in the cultural field by dismantling its axiological monopoly, so does the world-system theory exercise a huge paradigm change in the fields of economics, history and politics.

And, as all good things in this world, it’s not mainstream.

On The Importance of Know-How Transfer

Hayek wrote in 1945 an essay on the use of knowledge in society. He has in this essay separated knowledge from know-how and insisted on the importance of the latter.

Starting from his assumptions, I am trying to argue why in the long run B2B consultancy services will become mainstream in Eastern Europe, instead of international MBAs and trans-European university programs, as is the case today.

Limiting Common Good in Southern Europe

Amoral familism: social action persistently oriented to the economic interests of the nuclear family.

This cultural phenomenon explains the mindset of how the Mafia, widespread corruption and widespread poverty became synonymous with Southern Europe.

Relevant words

Here’s a cloud of the most relevant words used in this blog.

Created with: Wordle