BUSINESS & ECONOMICS EDITOR'S PICK How Luxury Defies Economic Laws Key Takeaway: The law of demand, which states that as prices rise, demand generally falls, is a fundamental principle in economics. However, some goods, such as Veblen and Giffen goods, challenge this rule. Veblen goods, also known as “snob” goods, are valued for their prestige, exclusivity, and social standing. They are valued for their intrinsic […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE The Big Bang: Inside The Explosive Origin Of Everything Key Takeaway: The Big Bang theory describes the universe’s birth as a massive explosion nearly 14 billion years ago, sparking everything we know today. Scientists discovered this event in 1929 with Edwin Hubble’s discovery of distant galaxies moving away from each other. The cosmic microwave background (CMB) in 1964 provided direct evidence for the Big […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Real Cost Of Billionaire Philanthropy Key Takeaway: Alice Walton, a Walmart heiress, has a $1.5 billion philanthropic footprint, including a $390 million donation in 2023 to support the Alice L Walton School of Medicine. However, her philanthropic efforts raise questions about the societal costs of billionaire giving and the genuineness of her contributions. The broader social and economic costs of […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Flawed Theory Behind Why Nations Prosper Key Takeaway: Daron Acemoglu, Simon Johnson, and James Robinson were awarded the 2024 Nobel Memorial Prize in economics for their book Why Nations Fail, which argued that countries succeed when they adopt inclusive institutions like democracy, while extractive institutions stifle growth by concentrating power and wealth in elites. However, their theory has faced criticism for […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK Reviving State Power: The New Era of Industrial Policy Key Takeaway: State intervention in global economics is gaining momentum, particularly since the 2010s, due to financial crises, geopolitical tensions, and the fragility of global supply chains. The relationship between exports and protectionism is complex, as successful industrial and trade policies often blend export promotion with elements of protectionism. South Korea and Taiwan have used […] Saving Bookmark this article Bookmarked
EDITOR'S PICK PSYCHOLOGY Are Today’s Youth Really More Narcissistic? Key Takeaway: A recent study examining narcissism in youth found that all three dimensions of the trait declined across the lifespan. The decline was attributed to changing social roles throughout life, such as assuming significant responsibilities and taking on significant responsibilities. However, some individuals may still be more narcissistic than others, and age alone doesn’t […] Saving Bookmark this article Bookmarked
EDITOR'S PICK PHILOSOPHY The Philosophy Of Tantra Key Takeaway: Tantra, a concept associated with sex life, has a rich history and can be viewed with suspicion by practitioners from both sides. Neotantrikas, who practice neotantric sex practices, are accused of neglecting the deep spiritual truths of the original Tantric movement, replacing it with a Western-influenced sex obsession. Scholars like Hugh Urban and […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE The Unconventional Origins Of Artificial Limbs Key Takeaway: The idea that humans can alter patients’ bodies in difficult and invasive ways has its roots in the American Civil War, which led to the development of amputation techniques and artificial limb design. By 1700, Europeans began to believe they could use amputation along with artificial limbs to shape the body. This change […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK Is Free Trade A Myth? Key Takeaway: US President Joe Biden has raised tariffs on Chinese-made goods, claiming the Chinese government has cheated by pouring money into Chinese companies. The tariffs are 25% on steel and aluminium, 50% on semiconductors and solar panels, and 100% on electric vehicles. Under Biden’s presidency, the US has embarked on an ambitious strategy to […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Hidden Economics Of Avocado Key Takeaway: The consumption of avocados has tripled from 2001 to 2020, with 90% grown in the southwest Mexican state of Michoacán. However, this intensive avocado production is causing significant environmental damage. Monoculture, which introduces homogeneous, high-yielding plant varieties, leads growers to abandon native crops, making the local ecosystem more vulnerable to threats such as […] Saving Bookmark this article Bookmarked
Why Forgetting Is Essential: The Hidden Power Of Memory Loss Key Takeaway: Memory research has long explored the reasons behind forgetting, with the “forgetting curve” illustrating that people lose details of new information quickly after learning it. Memory formation involves strengthening synapses, making the memory more resilient. Memory is also adaptive, constantly evolving to handle new information. This adaptability is vital for navigating minor changes […] Written by Empirics Asia November 5, 2024November 5, 2024 Saving Bookmark this article Bookmarked
The Big Bang: Inside The Explosive Origin Of Everything Key Takeaway: The Big Bang theory describes the universe’s birth as a massive explosion nearly 14 billion years ago, sparking everything we know today. Scientists discovered this event in 1929 with Edwin Hubble’s discovery of distant galaxies moving away from each other. The cosmic microwave background (CMB) in 1964 provided direct evidence for the Big […] Written by Empirics Asia November 1, 2024November 1, 2024 Saving Bookmark this article Bookmarked
Tiny Titans In Space: A Revolution In Space Exploration Key Takeaway: CubeSats, affordable, lightweight satellites, are revolutionizing space exploration by focusing on single scientific goals like observing asteroids or tracking water on the Moon. They travel as secondary payloads, minimizing space debris and accelerating discovery. CubeSats are also unlocking mysteries of distant worlds, paving the way for humanity’s dreams of becoming a multiplanetary species. […] Written by Empirics Asia October 25, 2024October 25, 2024 Saving Bookmark this article Bookmarked
Why We Crave Fear? The Science Of The Scare Key Takeaway: The fascination with fear is deeply rooted in human evolution, with emotions playing a critical role in survival. Controlled fear experiences, such as watching horror movies or navigating a haunted house, offer a safe way to engage with this powerful emotion. Exposure to intense fear reduces anxiety levels afterward, leaving people feeling more […] Written by Empirics Asia October 24, 2024October 24, 2024 Saving Bookmark this article Bookmarked
The Flawed Theory Behind Why Nations Prosper Key Takeaway: Daron Acemoglu, Simon Johnson, and James Robinson were awarded the 2024 Nobel Memorial Prize in economics for their book Why Nations Fail, which argued that countries succeed when they adopt inclusive institutions like democracy, while extractive institutions stifle growth by concentrating power and wealth in elites. However, their theory has faced criticism for […] Written by Empirics Asia October 23, 2024October 23, 2024 Saving Bookmark this article Bookmarked
How To Manage Existential Anxiety In The Age Of Constant Crises Key Takeaway: In a world filled with crises, existential anxiety is a growing concern. This anxiety often manifests as mental distress, with the brain responding with stress hormones. Doomscrolling, a cycle of anxiety, can intensify feelings of helplessness and vulnerability to conspiracy theories. To manage this, stress-reduction exercises, emotional and social connections, and problem-solving can […] Written by Empirics Asia October 22, 2024October 22, 2024 Saving Bookmark this article Bookmarked
Cosmic Breakthroughs On The Horizon Key Takeaway: Advancements in telescope technology have led to more discoveries about the universe than ever before. As new, groundbreaking observatories are set to launch over the next 20 years, they are expected to push the boundaries of cosmology even further. Chile is home to two ambitious ground-based telescopes, the Extremely Large Telescope (ELT) and […] Written by Empirics Asia October 21, 2024October 21, 2024 Saving Bookmark this article Bookmarked
Rethinking Education Key Takeaways: The Industrial model of education that fueled the modern era and its dizzying reach did its job incredibly well. In his writing, Flynn illustrates study after study, spanning nations and decades, in which modern educational gift of abstraction — a transcendent sign of intelligence, as we saw in Raven’s Matrices — has been […] Written by Anthony Fieldman March 2, 2022October 19, 2022 Saving Bookmark this article Bookmarked
How China Is Transforming Its Economy Through Learning I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […] Written by Enrique Dans February 1, 2021February 1, 2021 Saving Bookmark this article Bookmarked
Why You’re Not Seeing Success With Influencer Marketing With the new year around the corner, now is a good time to re-evaluate your past marketing strategies and gear up for the year ahead. For some businesses, influencer marketing has simply not seemed to live up to its lofty promises of genuine engagement, credibility, and transparency. Some have claimed that it has been failing […] Written by Michael Tan January 14, 2021January 15, 2021 Saving Bookmark this article Bookmarked
A New Philosophy of Business I’m about to ask you to take a mental leap. For the next 8 minutes, suspend your notions of what a business is, and I’ll propose a new lens for you to look through. There are a lot of questions asked around what “community” means for business. “Where should community fit in my organization?” and […] Written by Empirics Asia September 5, 2018September 5, 2018 Saving Bookmark this article Bookmarked