In his 1970 article that appeared on the New York Times, American economist Milton Friedman discussed the social responsibility of […]
Sociology
The Shopping Cart Theory: Explained
It was in 1937 when American supermarket chain owner Sylvan Goldman desired to replace shopping baskets with wheeled carts that […]
Pros and Cons of Urbanization
Urbanization is one of the hallmarks of industrialization, modernization, and even globalization. The past decades have seen massive population growth, […]
What Is Pareto Optimality?
Pareto optimality is a concept of efficiency promoted by Italian sociologist and economist Vilfredo Pareto. Also known as Pareto efficiency, […]