Historical Economics

God, Gold, and Glory

A Conceptual Take on the History of Capitalism and Its Possible Future

We often use the words: “capitalism, liberalism and neoliberalism” interchangeably when referring to the current global economic, political & sociocultural system to provide a plausible explanation for our way of living. Despite being proposed by different economists throughout history, they all point out a similar pattern of thinking. Arguably, it all started with the famous

Oil prices go negative, how can we see the light at the end of the tunnel?

Ups and downs, wars about market shares, power, and now a big bang virus, coronavirus?! Oil below zero is getting us crazy!

Oil has been the most important source of energy since the mid-1950s. Its products underpin modern society, especially supplying energy to the power industry, heat homes, and provide fuel for vehicles and airplanes to carry goods and people all over the world. Most than half of the petroleum is used for road transportation, we use

Thomas Piketty at Room for Discussion-Review

Deep into his Latest Work: Capital and Ideology

On February 28th, Professor Piketty was interviewed by Room for Discussion. The discussion fell around Piketty’s newest book: Capital and Ideology (2019). Furthermore, if you want to get an insight into the topic and about Thomas Piketty, check out our preview on the interview here. The hall was full and the expectation on the air. Professor

Piketty- the Economist for the 21st Century?

Thomas Piketty, born in France in 1971, has become one of the most famous economists in the world and an idol to many progressives. Piketty reached the spotlight after the publishing of his book “The Capital in the 21st Century” in 2013, which mirrors the name of Karl Marx’s masterpiece “Das Kapital”. Piketty studied Mathematics