Economics

(Book Review) China’s Mobile Economy

“A large part of the Chinese population has skipped credit cards entirely in favor of digital payments, just as people in many parts of China are skipping landline phones to buy a smartphone to access the Internet for the first time.”

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The Utility Assumption

As a sign outside a pub in Boston comically advises’temperance in moderation’. This illustrate the contradictions inherent in human behavior. The philosophy of utilitarianism says that the purpose of life is to do whatever to maximizes individual contentment, or utility…. Read More ›