What makes a society utopian? Potential responses might include increased leisure time, governments that serve their people or perhaps the ability to correctly predict the price of Bitcoin and the next financial crisis. Although these ideas concern rather different fields of study, they do have something in common: neither of them will ever happen. Similarly,
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Regardless of the lens from which one examines a society’s past, the conflict between masses and sovereignty always appears to be of paramount relevance. From the Ancient Athens and Roman Empire to contemporaneity, the fight for supremacy has in principle remained unchanged, although taking rather diverse forms throughout the ages. Socrates, widely recognized as the
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From the second half of the 20th century onwards, the accelerating gender parity has led to apparent improvements for women in areas such as leadership, politics or education. As a result, the range of opportunities, as well as their presence in essential, decision-making positions of businesses, have generally increased. Consequently, many resources were invested in
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In the back of our minds, we all somehow know that governments play a decisive role in the well-functioning of economies. The conduct of bad governments, while from a theoretical point of view logical and somewhat obvious, is quite difficult to imagine as actually being put into practice to the extent of severely damaging whole
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While “luck” is probably one of the most underrated words in the market, concepts like “hardworking”, “talented” or “persevering” seem to be perceived as variables that explain most of the variation in one’s success. Putting it differently, had you had to regress success on a number of factors, luck would probably not be one of
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What is it that makes movies great? Or let me rephrase, what was it that made movies great? Actually, according to several film critics, in terms of quality, not much has changed in the last decades. By looking at most of the reviews they so vividly write, one would say we’re in the golden era
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It is true, the idea that Economics must be a science plagues the minds of mankind. Many professionals and academics around the globe, among others, are trying to prove the validity and importance of existing economic models, theories or predictions. They also try to come up with other models, new ways of explaining “economic reality”,
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It is in human nature to feel in control of the choices we make in our own lives, such as going to the right university, marrying the ideal partner or even deciding which bike would suit us best. According to standard economic theory, consumers, given their personal preferences, try to maximize their own utility within
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