Category: Economics I understood

‘Economics I understood’ is my thoughts about world of economy.

The currency of the new economy is trust : Rachel Botsman

There’s been an explosion of collaborative consumption — web-powered sharing of cars, apartments, skills. Rachel Botsman explores the currency that makes systems like Airbnb and Taskrabbit work: trust, influence, and what she calls “reputation capital.” Interactive Transcript Click here to download video with subtitles in English 00:11  So if someone asked you for the three words…

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Local Currencies in the 21st Century: Understanding Money, Building Local Economies, Renewing Community.

“There is nothing more powerful than an idea whose time has come.” – Victor Hugo “The most sustainable economy would be one in which the goods consumed in a region are produced in the same region using local resources and local labor. Ernest Fritz Schumacher referred to such a system as “an economy of permanence.”…

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India’s Business Hero, Brijmohan Lall Munjal, Dies At 92 – Amazing story of how Munjal built Hero Honda

Brijmohan Lall Munjal, chairman emeritus of Bombay Stock Exchange-listed Hero MotoCorp, maker of the popular Hero range of motorcycles and scooters, died Sunday after a brief illness. He was 92. His close to 35% stake in Hero, which he shared with his children, earned him a spot among India’s richest. In October, the patriarch featured…

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Freelancer Marketplace ‘Upwork’ – In Push To Build $10B In Freelancer Revenues

Elance-oDesk merger comes as the company pushes to build annual freelancer revenues on the platform from $1 billion today to $10 billion six years from now.As per Stephane Kasriel,CEO of Upwork,its a complete relaunch of the Elance-a billion dollar frelancer marketplace.oDesk and Elance started out as separate platforms. They announced their merger in December 2013.…

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