Inflation means that a dollar is worth less at the end of a year than at the beginning. Real wages go down when raises are not higher than inflation rates.
Tag: Poverty
Capitalism’s Labour Transitions – An Argument for Social Welfare
Capitalist labour transitions are a heavy burden on the working class and society in general, but they are also one of the cornerstones of progress. We can solve this problem in an economically practical as well as morally and socially desirable through the creation of a strong social welfare system.
Curtis Dorosh: Green living, building, and volunteering
How to live green? Build green buildings? Put our efforts towards a better future? Curtis Dorosh has spent much of his life trying to answer these questions. Collected here are some of his answers.
How can you deliberately change your society?
How do people try to chance society? Why do these methods work? How can they be resisted? Progressive and regressive change can depend on many of the same basic techniques.
How the common explanations for poverty are incorrect
The common ideas that purport to explain the fact of poverty are in fact not the primary causal factors of poverty.
National and cultural issues that contribute to poverty and hamper development
Now we are going to discuss the issues that shape the development of extremely poor nations and cultures.
What keeps communities locked in the extreme poverty trap?
Extreme poverty is a state of subsistence living in which most, if not all, efforts are directed towards survival. Extreme poverty has many direct consequences. What we are discussing here are the direct feedback effects that tend to cause cycles of deepening poverty on a community level.
Jim Elliott shares his thoughts on sustainability, community, and living green
Jim Elliott is a notable figure in the sustainability movement in Regina and Saskatchewan. He is involved with many environmental action groups, poverty-reduction groups, and the Citizen’s Public Transit Coalition for Regina.
Laura Pfeifer on urban ecology and community leadership
Laura Pfeifer is the founder and editor of Regina Urban Ecology, and is the Regina organizer of Jane’s Walk.
Hans Rosling: Health, wealth, and progress of the world
While demonstrating the changes on his graphs, Rosling delivers a rapid-fire description of the major political choices and world forces that are driving the change.
Tim Jackson: Towards a more human economic system
Entire dimensions of human experiences, cares, and thoughts are underserved by the current economic model, but it is within our power to change that.
Media we find worthwhile
The Vision of Earth team has decided to begin briefly reviewing media that we find compelling, interesting, or useful. A lot of media exists that has enriched our lives immensely. This project is an effort to share that richness with you the reader.
What is the ladder of economic development?
The ladder of development is a useful concept that we first found in Jeffrey Sachs’ excellent book ‘The End of Poverty’. This concept provides a useful framework for the discussion of economic development with regards to poverty reduction. This is a conceptual tool, not necessarily a framework for understanding all of economics.
How do we define poverty?
Every country has people living in poverty. Here we will distinguish between people living in extreme poverty, moderate poverty, and relative poverty1 . A person in relative poverty has consistent access to the basic necessities of life, while those in extreme or moderate poverty do not. Extreme Poverty People in extreme poverty are the poorest people in […]
Economics: Key Terms and Definitions
A brief introduction to some of the basic language of economics. This should be understandable even for those with nothing more than personal experience in the modern world.