This year Apple demoed its first virtual reality (VR) headset, and Meta slashed the prices of its VR headset models. This corporate activity has motivated me to blog about innovative products like VR headsets. In this post, I will describe consumer behavior toward innovative products and discuss some behavioral implications. Most of us don’t own […]
India’s Tiptoe on the Capitalism-Socialism Continuum
Capitalism and socialism are extremes on a continuum of economic systems. Almost all modern economies are a mix of the two. In capitalism, profit-motivated private entities, as opposed to governments, own and manage businesses, and demand and supply drive market prices. In this post, I will use government versus private ownership as the salient difference […]
Some Troubling Aspects of the Federal Reserve
The Federal Reserve (Fed), America’s central bank, controls the cost and quantity of money available to American banks, businesses, and consumers by manipulating interest rates through various monetary policy tools. The Fed sets interest rates conducive to sustained economic growth and full employment levels. Increased employment levels bring more demand for goods and services and […]