I, Pencil

A bit cliché to refer to Leonard E. Read I, Pencil, though a simple explanation for introductory economic students, covering how the market works with not central direction but how social cooperation works from individuals pursuing their own interests. In turn, resources are allocated by the combined and decentralised actions of billions of people. Source: … Continue reading I, Pencil

Alibaba Social Responsibility and Sustainable Development: A Case Study

Using the definitions from (Samson & Daft, 2012). Sustainable development: involves making balanced and equitable decisions so that financial, environmental and social outcomes are achieved in both the short and longer terms. Social Responsibly: the obligation of organisation management to make decisions and take actions that will enhance the welfare and interests of society as … Continue reading Alibaba Social Responsibility and Sustainable Development: A Case Study

Positive Externalities in Higher Education

The identification and measurement of public and private goods in higher education, presents challenges for government agencies and private suppliers to overcome the free rider problem and encourage positive externalities. To analyse the extent of market failure and consider the costs of not accounting for the non-market private and social benefits, to prevent poor investment … Continue reading Positive Externalities in Higher Education