Also, if the basic idea now seems simple, it is because economists have become accustomed to applying this equilibrium-through-overshooting logic to all kinds of other phenomena.

ECONOMIST: Rudiger Dornbusch

At the same time we have connected the world through cyberspace, allowing distant events, ideas and social phenomena to influence us instantly.

CNN: Why the best thing you can do is fail

To understand these two phenomena, it may be useful to think through what Joseph Schumpeter and Adam Smith have said about economic progress.

FORBES: Two Technologies Propelling India Forward

Through 13 interactive lessons, young people will be encouraged to gain a better understanding of the scientific phenomena underlying climate change and their effects on the environment and to evaluate the human contribution to this phenomenon.

UNESCO: CULTURE