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The remarkable irruption of Bitcoin deserves to be analysed through the prism of Kondratiev’s technological innovation cycles. The technological breakthrough represented by Nakamoto’s discovery unleashes a major potential for innovation in finance and in the economy as a whole, the extent of which is difficult to estimate at present. It can be assumed that Bitcoin

The fourth turning The Fourth Turning deals with history, political science, sociology, demography and philosophy. Its authors Neil Howe and William Strauss argue that history unfolds according to a precise and predictable cycle that they highlight in American history. It is a recurring generational cycle, the pattern of which can also be observed in other

An economy ever more dependent on debt The mechanics of the economic machine in 30 minutes – Ray Dalio An excellent introductory video to economics, which has the merit of emphasizing the growing importance of credit, of debt, in the functioning of our “economic machine”. It effectively illustrates the shortcomings of our economy where the

An exhausted narrative For a moment, it seemed as if we were out of history For a moment, it seemed as if we were out of history, accustomed as we were to seeing the end of the Cold War as a definitive ideological victory of democracy and liberalism over their political and economic alternatives. This

The Evolution of Accounting Techniques Source Anil @anilsaidso Triple-Entry Accounting Double entry accounting is the basic principle of the accounting system used by all companies and organisations. It is based on the idea that an organisation’s transactions and financial position can be represented by accounts. Each account contains the history of changes in the monetary