Folkenomics
We will be posting thought-provoking articles, insightful analyses, discussing economic theories, misconception, myths, news, events, books, controversies and more!
The name Folkenomics combines "folk" and "economics," reflecting our mission to make economic discussions accessible and relevant to everyone. We believe that understanding economics shouldn't be limited to experts — it should be for the people, by the people.
Articles
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Pikkety's Capital in the Twenty-First Century - Why You Should Read It
Uncover the core ideas of Thomas Piketty’s landmark study on wealth inequality and see how centuries of data reveal a world shaped by inherited fortunes and capital’s power. This article explores why, when capital grows faster than the overall economy, economic inequality can escalate—and what that might mean for our future.
by Thanaphon Promvijit
18.03.2025
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The Illusion of Central Bank Omnipotence
Explore Rochon's post-Keynesian critique of central banking, dismantling the widely accepted models of inflation targeting, the "natural" interest rate, and the effectiveness of rate adjustments. Rochon challenges the mainstream consensus, arguing that monetary policy is largely ineffective, misapplied, and misunderstood.
by Thanaphon Promvijit
25.02.2025
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Why are the Poor Still Poor?
A deep dive into the realities of poverty, the constraints faced by the poor, and why well-intended solutions often fail.
by Thanaphon Promvijit
05.02.2025
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![Workweek]()
Rethinking the Workweek
Delves into the rising interest in the four-day workweek, exploring its potential to boost productivity, improve well-being, and reshape the future of work. Are we ready to embrace this change?
by Thanaphon Promvijit
25.12.2024
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Inside the 2024 Nobel-Winning
Democracy, Institution, and Long-Run Economic Growth: Why Nations Succeed or Fail?
Explore the groundbreaking journey of Acemoglu, Robinson, and Johnson, the 2024 Nobel laureates, and their contribution to the field of economics science. How Institutions Shape the Fate of Nations?
by Thanaphon Promvijit
09.11.2024
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Understanding Homo Economicus: The Rational Economic Man
Explore the concept of Homo Economicus and its origins. Understand why this model was created and consider its relevance in today's economy. Would embodying the principles of Homo Economicus truly work in real life? Dive into the discussion in our latest article.
by Nilyana Kirinde
03.09.2024
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The Paradox of Prosperity: Why Greater Wealth Doesn't Always Lead to Increased Happiness.
Diving into the theoretical frameworks (the Easterlin Paradox) and real-world studies on happiness economics to unravel the complex link between a nation’s prosperity and its people’s happiness
by Thanaphon Promvijit
20.08.2024
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Trump’s Economic - Trade Policy
Dive into the potential impact of a second Trump term on deregulation, tax, trade, and more. How will these policies shape the future of the US economy?
Why Trumponomics might not be as bad as expected?
by Thanaphon Promvijit
06.08.2024
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![The Future of the UK Economy Under Labour: What to Expect?, Labour Party, UK Economy]()
The Future of the UK Economy Under Labour: What to Expect?
Discover how the Labour Party's ambitious agenda under Prime Minister Keir Starmer aims to reshape the UK's economic landscape. Will Labour's cautious yet bold vision deliver the promised change, or will it falter against economic realities? Click to find out.
by Thanaphon Promvijit
16.06.2024
FAQs
Why Folkenomics?
Economics is often perceived as difficult, filled with jargons and mathematics, making it seem inaccessible to many outsiders. But is economics really that difficult?
Not if it's explained in plain terms. Most of economics are common sense, but, often made to look difficult. People express strong opinions on various issues like politics despite no formal education in political science, yet many shy away from economic debates. However, economic issues significantly impact our lives, from job prospects to wages and pensions.
Besides, the boundaries of economics have spread far beyond that. Nowadays, economists use economic methods to explain crime, healthcare, environment, love, ethics and morals, happiness, politics, etc. The belief that economics is a 'science' with only one correct answer discourages non-experts from thinking critically about it. But economics is not a precise science in a sense that it involves various theories, each with different moral and political judgments.
What do we want?
Our goal is to provide diverse economic perspectives, stir up debate and argument, provoke your critical thinking and judgement, considering different values and goals, as well as provide fundamental economic knowledge.