Ruminations on Vedic Philosophy

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Economics Politics

What the New World Order Could Be

The term “New World Order” often refers to a system of global governance and economics, including the system of monetary exchanges and trade established through institutions such as the World Bank and the International Monetary Fund, and the balance of power between the nations through organizations such as the United Nations. Over the years, these …

Economics

Do Supply and Demand Define Economic Value?

Economists have taught us that nothing by itself has intrinsic value. The value, according to them, rather depends on supply and demand for that thing. If the supply is high and the demand is low, then the value automatically decreases. Conversely, if the demand is high and the supply low, then the value automatically increases. …