The fundamental basics of ‘economics’ evolve around the question how society will be able to satisfy unlimited wants with limited resources. The premise of economics is that ‘wants’ are constant and infinite due to constantly changing demands, but resources in the world to satisfy human wants are always limited to the amount of natural or human resources available. Leadership in Economics revolves around the idea of choice in prioritizing which wants can be fulfilled and what needs to be produced for the economy.
The articles and events posted in this chapter shed light on how the fundamentals of economics can be studied, and how this knowledge can be used to steer society.
When economic times get tough, budget-conscious grocery shoppers typically switch from name brands to in-store brands to save money. But the Great Recession flipped that strategy on its head, a new study […]
Why the French want less income inequality than the Americans: The role of just-world beliefs in cultural differences in preferences for performance pay or redistribution. INSEAD, the leading international business school, and the […]
Thomas Piketty gave a lecture within the framework of the Gaston Eyskens Chair 2015 at the KU Leuven, Belgium. Follow his lecture “Capital in the Twenty-First Century” via the below recording of the […]
The price fluctuation of fine wines can now be predicted more accurately using a novel artificial intelligence approach developed by researchers at UCL. The method could be used to help fine wine […]
by OECD Harmful drinking is on the rise among young people and women in many OECD countries, partly due to alcohol becoming more available, more affordable and more effectively advertised, according to […]
by University of Zurich Legs apart, chest thrust forward, shoulders back: these “power poses” are supposed to influence hormone production and willingness to take on risk in accordance with a study that […]
by Peter Dizikes | MIT News Office Say you’re out shopping for basic household goods — perhaps orange juice and soup. Or light bulbs. Or diapers for your young child. How […]
Investors prone to ‘illusion of control’ and ‘overconfidence’ bias are more likely to undertake potentially risky investments in complex hybrid securities, a study by QUT behavioral economists has found. The Australian Securities […]
NEW HAVEN – Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode […]
“The prevailing managerial bias towards cost efficiency is seriously harmful to corporate performance”, by Jules Goddard, London Business School Overall cost leadership is not a viable strategy. This is the key discovery to have […]
The great economist Gordon Tullock passed away yesterday at the age of 92. Along with his longtime collaborator, Nobel Prize winner James Buchanan, Tullock was one of the founders of public choice […]
*** LSE Russian Business Week Topic: “Present and Future Challenges, Perspectives and Potentials of Russia” Organizing Committee: London School of Economics Russian Business Society Media Partner: The Future Leadership Institute* (*Between 2007 […]
***** Beeronomics Conference Katholieke Universiteit Leuven Date: 27 May 2009 | Joint Seminar | Leuven, Belgium Prof. Lisa George -Hunter College Prof. Steve Zilliak – Roosevelt University Chicago Organizing Committee: LICOS Centre […]
Title: “The Rise of Chindia Seminar” Date: 25 April 2008 Location: King’s College Cambridge Seminar organized by CUALA (Cambridge University Asian Law and Business Association) and The Future Leadership Institute Picture: Sandy […]
One of the more recent members of The Future Leadership Institute is Mr. Teun Depreeuw. Teun Depreeuw is founder and owner of Muurtuin.be, a company specialized in designing, manufacturing, installing and maintaining vertical gardens. Click the picture to read more.
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