Nobel Prize – Economics
In the world of science and higher thinking, no award can compare to the Nobel Prize. Awarded each year in December, the selected individual or individuals are announced during the 2nd week of October.
Business Stories
A collection of stories about business and economics to assist the small business entrepreneur. These true stories are documented to help the business owner understand the principles and concepts advocated on this website.
Flake Cereal – The Story of Will Keith Kellogg
As with many of life’s great success stories, an accident invents a new method or product. In addition, a lie generates huge amounts of wealth for the inventor. It was no different for Will Keith Kellogg (WK)
Economic Bubble – The Great Dutch Tulip Craze
Universally accepted as the first economic bubble, the Great Dutch Tulip Craze, also known as Tulipmania, of the late 1620’s to February 1637 serves as a reminder to all of us involved in business, that value can be driven by greed and not intrinsic worth. During this time period, a tulip bulb rose in price from 60 times its original value to over 150 times the original price.