The World's Best Book Summaries
What is the introduction stage of the product life cycle? What happens to products during this stage? In The Marketing Plan, marketing expert William M. Luther gives a brief overview of the first stage in the product life cycle. When products enter this stage, there are very few competitors but rarely any revenue is made. Let’s look at the pros and cons of entering the market during the introduction stage of the product life cycle.
What is fundamental analysis in trading? Is it possible to predict the market based solely on what fundamental analysis says? Fundamental analysis predicts what the market will do based solely on what mathematical models say is logical. However, traders’ behavior is far from logical, which is why fundamental analysis alone is not enough to predict what happens in the market. Here’s why you can’t predict the market based on fundamental analysis alone.
Is constant economic growth sustainable? Is it time to end our obsession with economic growth and start transitioning to a post-growth economy? Economic growth is not a remedy to humanity’s challenges. Despite growth, we still have a large amount of poverty, food insecurity, lack of opportunity, and other problems of deprivation. According to Kate Raworth, the author of Doughnut Economics, this is the time we start thinking about and planning for a no-growth future. Here’s why economic growth does not equal prosperity and how we can start transitioning to a no-growth future.
What are the three phases of the product life cycle? How can understanding these phases help you tailor your marketing strategy? After calculating your target market’s size and ideal market share, you need to understand what happens to products in the product life cycle. This cycle starts when a product is introduced to consumers and ends when it’s removed from the market. Read on to learn how William M. Luther explains the phases of the product life cycle in his book The Marketing Plan.
Why is it important to consider probability in trading? How does taking probability into account help you gain an edge in trading? Most traders don’t use information from their market analyses in a sensible way. The reason for that is that they don’t understand probabilities. A knowledge of probabilities is essential to overcome the mental barriers that prevent us from achieving consistent trading success. Here’s how the nuances of probability affect trading.
Is Kate Raworth’s Doughnut Economics worth reading? What is Raworth arguing when invoking the concept of the doughnut economy? In Doughnut Economics, heterodox University of Oxford economist Kate Raworth proposes redefining how economics is taught and the role that economists play in shaping public policy, shifting from a growth-centered approach to a human-centered approach that harnesses the power of economics for the betterment of humanity. The premise is no doubt noble, but Raworth’s argument received heavy criticism. Keep reading for Doughnut Economics‘s criticisms.
Are you looking for a Development as Freedom book review? How was the book received by critics and readers? Amartya Sen’s Development as Freedom argues that freedom is the key to sustaining economic prosperity and the overall welfare of the world’s population. He outlines his own definition of poverty and development, which are both influenced by human rights. Here’s a review and the background of Development as Freedom.
What is the cycle of poverty? How did Stephanie Land get stuck in this cycle? Stephanie Land, the author of the memoir Maid, comes from generations of poverty on both sides of her family. Because of this, and the lack of resources Land needed to break out of poverty, she was stuck in the cycle of poverty that many people are trapped in. Let’s look at the cycle of poverty from Land’s point of view.
What are the most important capitalist values? Are these values essential for a flourishing economy? In Development as Freedom, Amartya Sen says that a capitalist economy can help underdeveloped nations whose economies are struggling. He says the three core capitalist values—trust, sympathy, and commitment—are a big reason why Western economies are so successful. Here are the three capitalist values in detail and an argument that claims these principles shouldn’t be forced on non-capitalist societies.
What are the challenges of democracy? Why does democracy make it harder to exercise a freedom-based approach to economic development? According to Amartya Sen in Development as Freedom, one of the ways to approach poverty as a social problem is to implement democracy and capitalism. However, he does understand that the few challenges of democracy can get in the way of that. Read more to understand the challenges of democracy and why Sen is still hopeful we can overcome them to create stable economies.