The Need for Pioneering Investment in an Economy
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Post No.: 0547   Fluffystealthkitten says:   Urbanisation and land rights were explored in Post No.: 0487 in this multi-post analysis on how countries tend to economically develop. Here we’ll continue to examine industrialisation a little further, with a focus … Read More

Coopetition, and the Difference Between Winning and Succeeding
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Post No.: 0541   Furrywisepuppy says:   Even in business contexts, being allocentric, which means being concerned with the interests of others (at least as much as one’s own), can bring advantages. For example, you’re very interested in using an … Read More

Pyramid, Ponzi and Multi-Level Marketing Schemes
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Post No.: 0529   Fluffystealthkitten says:   I’m going to talk about multi-level marketing schemes, pyramid schemes and Ponzi schemes so that we can watch out for them because they’re basically scams…   Multi-level marketing (MLM) schemes involve the direct … Read More

Tax Avoidance via Base Erosion and Profit Shifting
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Post No.: 0512   Furrywisepuppy says:   We want to avoid juridical (the same item taxed by multiple states) and economic (multiple people taxed on the same item) double taxation, as well as double non-taxation. For example, a person works … Read More

Nothing Can Be Said to Be Certain, Except Death and Taxes
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Post No.: 0507   Furrywisepuppy says:   Taxation does garner a lot of negative connotations, tax systems are typically complex, it can appear like we have an adversarial relationship with our governments, and we and the media tend to focus … Read More

Deadlines, Hidden Information and Lies
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Post No.: 0501   Furrywisepuppy says:   So your power in a negotiation comes from the strength of your BATNA(s) (‘best alternative to a negotiated agreement’) and the added value you bring to the table relative to others – therefore … Read More

Industrialisation, Urbanisation and Land Rights
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Post No.: 0487   Fluffystealthkitten says:   Last time on this topic of understanding a (typical or at least historically traditional) country’s path towards economic development, we looked at how our shared social identities and networks affect public policies (Post … Read More

Negative and Positive Externalities
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Post No.: 0476   Furrywisepuppy says:   ‘Negative externalities’ occur when the production or consumption of something causes any kind of cost to be passed onto a third-party. A classic example is air, water, land, noise or light pollution. Meanwhile, … Read More

Shared National Identities, Narratives and Norms
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Post No.: 0452   Fluffystealthkitten says:   We’ll continue on from Post No.: 0408, which demonstrated how power starts to transfer to ordinary citizens from the elites because of taxation. Without the need to collect taxes, there’s no need to … Read More

What’s Your Negotiation Style?
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Post No.: 0442   Furrywisepuppy says:   We last looked at reacting to ultimatums in Post No.: 0375. Here, we’ll go through the most common negotiation styles.   Competitive – win-lose. Has a high concern for getting what one wants, … Read More

Can Humans Be Considered Rational Agents?
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Post No.: 0435   Furrywisepuppy says:   Almost every decision in life is a gamble with varying odds – including eating that sandwich, crossing that road or deciding to stay in or go out tonight (even if there wasn’t a … Read More

Tax Havens are Basically Free-Riding Off Other Countries
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Post No.: 0426   Furrywisepuppy says:   The tax havens, or low-tax jurisdictions, that exist in the world today are all relatively small countries or territories, in terms of geography and population, for a reason – the world wouldn’t be … Read More

The Price We Pay for Our Illogical Behaviours
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Post No.: 0418   Furrywisepuppy says:   Here comes another selection of irrational or illogical behaviours when it comes to people and money (the last lot was presented in Post No.: 0389)…   People are less willing to give something … Read More

Power From the Elite to Ordinary Citizens!
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Post No.: 0408   Fluffystealthkitten says:   To recap from Post No.: 0403 – to develop a productive economy from scratch, a population first evolves from: 1) anarchy, to 2) exploiting scale economies in violence, then forms 3) a tax … Read More

The Path from Poverty to Prosperous Production
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Post No.: 0403   Fluffystealthkitten says:   Economic development and production stalls under anarchies – it needs polities that are centralised and preferably inclusive. Inclusive means that they should serve the interests of everybody within the state, including ordinary citizens. … Read More

Risk Your Next Meal or Your Second Home?
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Post No.: 0396   Furrywisepuppy says:   Every rich person tends to become a ‘businessperson’, no matter how they initially made or inherited their wealth – but that’s only because once someone has enough to live on and has a … Read More

The Ultimatum Game and Dictator Game
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Post No.: 0389   Fluffystealthkitten says:   People can behave quite irrationally, particularly when money is involved! Since money was invented rather than is something that’s innately natural – hence the human species didn’t exactly evolve with it in their … Read More

Responding to an Ultimatum and Fighting Fire with Water
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Post No.: 0375   Furrywisepuppy says:   So you were acquainted with added value and how this relates to power in negotiations in Post No.: 0319. Now if an ultimatum is given to you, such as, “Do you accept a … Read More

The Wealthy, Corrupt and Criminal
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Post No.: 0364   Furrywisepuppy says:   Systems, from governments to businesses and other organisations, become corrupt when politicians, businesspeople and other individuals can rationalise bribes, kickbacks, money laundering, etc. as being just like regular quid pro quo trades, bargains … Read More

Loss Aversion and Overvaluing Losses
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Post No.: 0345   Furrywisepuppy says:   ‘Loss aversion’, which has been briefly mentioned a few times before, is when the negative utility of giving an item up feels greater than the positive utility of acquiring that exact same item. … Read More

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