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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
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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
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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
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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