Mass Production
Adam Smith is one of the most well-known figures of Economics, seen by some as “The Father of Economics”. In his book ‘The Wealth of Nations, Chapter 1 – The Division of Labour’ he talked about the pin factory. The…
Adam Smith is one of the most well-known figures of Economics, seen by some as “The Father of Economics”. In his book ‘The Wealth of Nations, Chapter 1 – The Division of Labour’ he talked about the pin factory. The…
Recently I started reading some feel good Korean manhwa and Chinese manhua, which basically means comic in their respective languages. I generally do not read or watch this kind of stories, but will do so occasionally for some light-hearted moments.…
Humans pride themselves to be better than animals for mainly 2 things – our intellectual capabilities and that we have rules. While there are smart animals like dolphins and dogs, none of the species on Earth has an intellectual capability…
Love can be expressed in many ways. But the most direct and effective way is to use money. Money cannot buy love, but it sure can buy many things to show your sincerity and to touch the heart of the…
Elon Musk, currently the richest man on Earth who also has a cult-like following. Different from his peers, people’s perception of him is that of a saviour rather than an obscenely rich man fleecing off the wallets of the common…
In 2003, Aron Lee Ralston became famous for cutting off part of his right arm after it got stuck in an accident when canyoneering alone through the Bluejohn Canyon. He had a choice that time – to die with an…
Shit happened in life. This is my last article before I temporarily stop writing. I have much to sort out and much to worry about. Although I do not have the capacity to continue writing now, it is my intention…
In the late 18th century, the East India Company of the United Kingdom sold opium to China. This resulted in 2 opium wars and a corrupted empire on the brink of collapse, with the result of China being compelled to…
In 1859, Charles Darwin published a book called ‘On the Origin of Species’. It detailed the Theory of Evolution, of which natural selection is core of the theory. In short, all organisms evolve and fit into the environment in which…
The most important single central fact about a free market is that no exchange takes place unless both parties benefit. – Milton Friedman In basic economics, students learn about Keynesian theory and monetary theory, which are theories of John Maynard…
Recently I have a friend who came to me for advice. She is a foreigner who graduated in Singapore with a Masters degree, and went on to find a job in a multi-national company (MNC) in Singapore. Her direct supervisor,…
People would rather trust a credible person whom they hate than to believe in the words of a dishonest friend. This not only applies to people, but to organisations and countries. One good example is the Swiss banking industry. Much…