Privacy is only good because people aren’t good. In a perfect world, we would not need privacy.

Privacy is one of the most contentious issues in civil society, as governments try and expand national mass surveillance programs in order to prevent future terrorist attacks. However, there is a lot of opposition to such expansions, as civil rights activists argue that it will inevitably lead to an Orwellian dictatorship where the government has …

Asymmetric information in economics and Moral Hazards

  In the world of economics, there are numerous variables that may affect markets, however, one of the most significant in terms of influencing the allocative efficiency of markets is information asymmetry. The concept is quite simple it supposes that in markets the buyer and the seller have imperfect knowledge of the products which they …