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- Understanding Deglobalization: The Role of Diesel and Jet Fuel
- 2026: Expect a very uneven world economic downturn
- Too many promises; too few future physical goods
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Tag Archives: open system
Oops! The economy is like a self-driving car
Back in 1776, Adam Smith talked about the “invisible hand” of the economy. Investopedia explains how the invisible hand works as, “In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit … Continue reading
Posted in Financial Implications
Tagged dissipative structure, economic growth, oil price, open system
2,573 Comments
