Reality in a Bubble - Meconomics

Here’s a fun topic to explore – BUBBLES!!! What do you know about blowing bubbles? 1. It’s fun 2. You blow air unto a film of soapy liquid and it starts creating a bubble 3. The more air you blow into it, the bigger the bubble becomes 3. Blow in too much air – and the bubble pops. Bubbles exist in economics as well – they’re called ‘Speculative Bubbles’. Here’s a definition from Investopedia (don’t worry if you don’t understand everything): “A...

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The Humpty-Dumpty Effect - Meconomics

This post is a continuation to:Meconomics: I need my Wants and Want my Needs to be SatisfiedMeconomics: Wants and Needs in your Daily Living Meconomics: Do you Spend your Money Objectively or Subjectively? Meconomics: Can you Buy Happiness?In the previous post we started looking at why and how it is that we can experience certain wants as a ‘need’ or a ‘must have’, where we looked at the role of expectations: “Realistic expectations of fulfilling...

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Meconomics: Can you Buy Happiness?

This post is a continuation to: Meconomics: I need my Wants and Want my Needs to be Satisfied Meconomics: Wants and Needs in your Daily Living  Meconomics: Do you Spend your Money Objectively or Subjectively?   I ended off my previous post with the following: “So – we have looked at how wants can in a moment override a need – where we identified subjective experiences and time as important players – but we can look a bit further...

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