Bajric Sanel
Ph.D. Economics & Computer Science
Category Archives: Advanced Topics
Saudi Arabia’s Transcontinental Economic Corridor: A Critical Assessment of Overstated Promises and Underlying Risks
Saudi Arabia has been at the forefront of headlines with its grandiose proposal for a Transcontinental Economic Corridor. This initiative is endorsed by major global powers, with the lofty aim of connecting regions as diverse as India, the Middle East, and Europe. But is the excitement and enthusiasm well-founded? This article aims to shed light…
Fractional Reserve Banking: Creating Wealth out of Thin Air
Have you ever wondered how banks create money, seemingly out of thin air? It sounds like magic, or even a trick. But this isn’t a sleight of hand—it’s the essence of a process known as fractional reserve banking, a cornerstone of the modern economy. The wizardry lies in the math and the mechanics of the…
Quantum Economics: An Innovative Approach to Predicting Market Behavior
In an ever-evolving global market, predicting market behavior can be likened to solving a complex puzzle. Economists have developed multiple models to forecast these intricate dynamics, yet none have been infallible. Recently, a novel approach emerged, applying quantum theory principles to economics: Quantum Economics. This innovative strategy offers a fresh perspective on forecasting market behavior….
The Internet of Economic Things: How IoT is Driving New Business Models
Introduction The Internet of Things (IoT) has revolutionized how we interact with the physical world around us. From smart homes that adjust to our routines to industrial IoT systems that monitor and streamline complex manufacturing processes, IoT is permeating nearly every aspect of our lives. But IoT’s impact extends far beyond the realm of convenience…
Unleashing Efficiency and Cost-Reduction: The Power of Containerization with Docker and Kubernetes
In the rapidly evolving world of web development, one concept that has gained tremendous traction due to its transformative capabilities is ‘containerization’. At the heart of this revolution are two platforms – Docker and Kubernetes, that have ushered in a new era of efficient deployment, scaling, and management of applications. Containerization can lead to remarkable…
The March of the Machines: Tracing the Future Trajectory of AI
Artificial intelligence (AI) has grown leaps and bounds over the past decade, transforming various aspects of our lives, from personalized advertising to autonomous driving. As we stand at the forefront of this tech revolution, it’s time to contemplate: What does the future hold for AI? This article will delve into the potential trajectory of AI’s…
Democratizing Democracy: Blockchain’s Role in Secure and Transparent Voting Systems
In an era where trust in democratic processes is vital, concerns about the security, transparency, and integrity of voting systems have come to the forefront. However, emerging technologies, particularly blockchain, hold immense potential to address these challenges and revolutionize the way elections are conducted. This article delves deep into the transformative role of blockchain in…
Robot Taxes: A Solution to the Economic Threat of AI?
Introduction As artificial intelligence (AI) and robotics become increasingly advanced, there is growing concern about the potential economic impact of automation on job displacement. The advent of AI has introduced the potential for “robot taxes” as a means to mitigate these effects. This controversial concept, which involves taxing businesses that use robots for tasks that…
Beyond the Status Quo: A Futuristic Approach to Economic Modeling
The last few decades have witnessed an unparalleled acceleration in technology, fundamentally altering our economic landscapes. While traditional models struggle to comprehend this dynamic scenario, a shift towards innovative, technology-driven modeling is on the horizon. This article explores a futuristic approach to economic modeling, stepping away from conventional paradigms towards technologically advanced, yet practically applicable…
Independent Research: Interplay of Quantum Technology and Free Market Principles – Insights from Friedman and Rand
This paper explores the profound interplay between quantum technology and free market principles, drawing insights from the works of Milton Friedman and Ayn Rand. An in-depth understanding of Friedman and Rand’s philosophies reveals the core tenets of free market capitalism and its moral groundwork. Through this lens, we delve into the burgeoning field of Quantum…