Short Economics

The World Trade Organization (WTO) began in 1995, but even in the first 10 years of its existence it generated debate, controversy, and even outrage. Rulings on beef hormones and tuna-dolphin cases provide graphic examples of how the organization regulates and intrudes into areas of individual consumer choice, ethical preferences, and cultural habits. This deep and far-ranging impact of the WTO on peoples' everyday lives means that it is not just an institution of interest to economists, but to everyone.

We make choices all the time - about how to spend our money, about how to spend our time, about what to do with our lives. And we are also constantly judging the decisions other people make as rational or irrational. But what kind of criteria are we applying when we say that a choice is rational? What guides our own choices, especially in cases where we don't have complete information about the outcomes? What strategies should be applied in making decisions which affect a lot of people, as in the case of government policy?

There is no doubt that the economic crisis of 2008 was one of the worst in recorded history. It was scary times. What is even scarier still is the fact that it's only a matter of time before another crisis will occur. In Thomas E. Wood's book Meltdown, he makes the case that the US Government was to blame for the 2008 meltdown and asks how the government can insure it doesn't happen again. In this edition of Summary Shorts, we will analyze and summarize the ideas put forth in Meltdown and learn how a future financial crisis can be avoided.

Despite Brazil being part of the BRIC nations, those with the most potential for growth in the global economy, Brazil is considered economically backwards in many ways. You get an idea of this when you look deeper into its politics and economic policies. In this edition of Summary Shorts, we will analyze and summarize the ideas put forth in Brazillionaires, a book that truly exposes the dark side of Brazil's rise and arguably its inexorable fall.

In this review, we will analyze, discuss, and summarize the key points in The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.

If you have been on top of the news as of late you would have heard of the various scandals and exposes of the rich and powerful sheltering their money in offshore tax havens. Tax havens are a very popular way for those who have the means to hide their assets from taxation as well as other legal proceedings. In this review of The Hidden Wealth of Nations by Gabriel Zucman, we will analyze, discuss, and summarize the book's key points.