Does virtual reality offer us a better life, or is it just an escape from reality? Between reality and virtuality, what values should we choose? Released in 1999, the film ‘The Matrix’ begins with the shocking premise that the reality we live in could be a virtual reality created by a computer program. This film made audiences deeply contemplate the boundary between true reality and...
This blog post examines the correlation between economic growth and our lives and happiness, using statistics and case studies. Does economic growth guarantee happiness? Amidst a society where everyone—from government officials and business leaders to ordinary workers—focuses on economic growth, you’ve probably wondered at least once: ‘Would we be happier if the national economy grew...
This blog post introduces the concept of economic growth, the various factors that cause business cycles, and the key theories explaining them. Economic growth refers to the sustained increase in Gross Domestic Product (GDP) from a long-term perspective. This signifies an improvement in the standard of living for citizens and an increase in the overall economic well-being of society...
In this blog post, we examine why society as a whole operates inefficiently even when individuals make rational choices, and consider ways to address this issue. Can individual rationality and societal rationality coexist? This question has long been a major point of debate not only in economics but also in philosophy, political science, and various other disciplines. Classical economics...
The Trump administration sought to stimulate economic growth by drastically cutting corporate taxes. However, unlike the short-term growth effects, this also brought side effects such as reduced tax revenue and an expanded fiscal deficit. We examine the impact of the tax cut policy on the U.S. economy and analyze whether its effects were sustainable. Why Did President Donald Trump Invite a...
A business cycle refers to the state of the economy. When the economy is strong, production and consumption increase, employment rates rise, and welfare expands. When the economy is weak, production and consumption decline, unemployment rates rise, and welfare shrinks. When you wonder about the business cycle, check people’s spending around you! You can understand the business cycle...
The Pareto Principle and the Law of the Long Tail both address the 20/80 relationship, yet their emphases are entirely different. Explore the role distinction between elite minorities and ordinary majorities, and understand economic and social phenomena through the origins and real-world examples of these two laws. The Pareto Principle vs. the Law of the Long Tail “Most of the results...
In this blog post, we explore the true meaning of PER—a concept many investors easily misunderstand—and the fundamental nature of stock price determination. Why do stock prices fluctuate? Many investors feel confused when faced with this question. Especially for those just starting out, the seemingly unpredictable movements of stock prices can feel like a random game driven by intuition...
This blog post examines the achievements of Rosalind Franklin, who made a crucial contribution to the discovery of the double helix structure of DNA, yet was forgotten by history, and the reasons behind it. Ten years after the completion of the Human Genome Project, we now live in an era where anyone with even a passing interest in biology can briefly explain that DNA has a double helix...
This blog post deeply explores whether the ‘right to die’ is a fundamental right that the Constitution should guarantee, focusing on the Karen Quinlan case in the United States from legal, ethical, and social perspectives. On April 15, 1975, 21-year-old American Karen Quillan attended a friend’s birthday party before suddenly losing consciousness and being admitted to the intensive...