Does Ricardo's Comparative Advantage Still Rule World Trade?
Foreign trade is not simply about ships carrying goods from one country to another, nor is it merely about exports, imports, tariffs and exchange rates. It is about how nations use their resources,...
Who protects the worker in a capitalist economy?
How long have you been working for your organization? Five years? Ten years? Twenty-five years? Now ask yourself a more uncomfortable question: is your job really protected? Who protects you as an...
The Pareto paradox: Few own, many consume
Mohammed Anwar Al Balushi Whenever I write about economics, a few words repeatedly come to my mind: capitalism, socialism, poverty, the middle class, wealth and inequality. These are not merely...
If Economics Is Not for People, Who Is It For?
Don’t you think economics should serve people rather than power? If not, why do we study economics, teach economics and practice economics? There is something strange about the relationship between...
Nietzsche made Europe uncomfortable. Who will do it today?
The idea for this article came to me during an evening conversation with two professors with whom I used to work as a lecturer at the same college. I still remember that evening vividly. We were...
Khareef, Salalah and the voice of Kishore Kumar
There are moments in life when an old photograph is no longer just a photograph. It becomes a doorway. A forgotten memory quietly opens and suddenly the years disappear. We are no longer standing in...
Progress, poverty and crime: When economics enters court
Progress, poverty and crime: When economics enters court Where does crime begin? Does it begin in the mind of the criminal, in the desperation of poverty, in the temptation created by wealth, or...
When economics meets Shakespeare: The wealth of stories and the stories of wealth
This topic came to my mind quite unexpectedly one quiet evening at home. I turned to my wife and said, 'Shall we watch an English movie tonight?' She smiled and asked, 'Which one?'...
The economy of the elite: Who really benefits from growth?
There is a silent question that walks through every city, every village, and every economy. It is a question that statistics alone cannot answer. Why do some families wake up every morning with...
When capitalism meets artificial intelligence: Tool or agent?
"Tell me," I asked a friend over coffee, "is artificial intelligence merely a tool, or has it become an economic agent?" He smiled. "Does it really matter?" he asked. "It matters," I replied. "Because...
Capitalism never sleeps — so why do banking systems?
It was June 2007 and I was working as a corporate loan auditor at Oman International Bank. My desk was buried under files and I was deeply engaged in reviewing one of the bank’s corporate lending...
Father of economics: Ibn Khaldun or Adam Smith?
Whenever the history of economics is discussed, one name almost automatically appears: Adam Smith. Students across the world are taught that Smith is the "Father of Economics," and his famous book,...
In capitalism, everything has its price
Books have a remarkable ability to challenge our assumptions and force us to examine the world from different perspectives. Active readers do not simply consume ideas; they question them, debate them,...
From to Capitalism and Future Crisis of Human Civilization
Before discussing the future impact of capitalism on human society, it is important to understand where this economic system came from and why it became so powerful. History shows that capitalism did...
Old money and new money: Luxury, ego, and intellectual emptiness
The title itself sounds uncomfortable: Old Money and New Money. It creates invisible walls between human beings, as if dignity can be inherited through bloodlines or purchased through bank accounts....
Capitalism and the slow death of humanity
A few days ago, I came across a book titled Escape from Capitalism written by Clara Mattei, an economist and professor known for her criticism of modern capitalist structures and austerity policies....
Let Your Product Be Like Water
“Mohamed and Ramadhan, come to my office,” said the Bank Branch Manager. We exchanged worried looks. We were new, still learning the systems, still trying to understand customers, and still...
CEO title does not guarantee leadership
It was sometime in 2020. I remember sitting in a large hall during a management gathering, surrounded by professionals from different levels of the organization. The setting was formal, yet charged...
From Chicago to today: How capitalism still owns your time
“Excuse me friends, I have to go to the office for an urgent report,” one of my friends said, glancing at his phone. “At this time? On this day?” we all responded in disbelief. It was 9:00 pm...
Bank branch operation model: A story from the counter
Last week, I walked into a bank branch to complete a simple transaction. It was not my first visit to a branch, nor was it unfamiliar territory. In fact, it felt like stepping back into my own...