There is a very good book by a very good economist called Economics: The User’s Guide. In under 500 pages, Ha Joon Chang explains the past, present and future of economics – and makes it a joy to read ...
Some ideas in Davos are naive, but others recognise that collective approaches and free flows of capital are steps to sustainable growth Leaders in government, business, academia and philanthropy ...
The impact of remittances on Mexico’s economy is greater than both oil and tourism. To the Keynesians, the obvious question to ask is why government spending in Mexico isn’t the biggest driver ...
Keynesians always say that public debt does not matter because the government can issue all it needs and has unlimited taxation power. It is simply false. Governments cannot issue all the debt they ...
Both Monetarists and Keynesians believe that a growing economy requires a growing money supply, thus, the Federal Reserve‘s “target” inflation rate of two percent. Austrian economists, however, ...
Further, Keynesians who believe government should play an active role in stabilising the economy advocate government spending falling when the economy is beyond capacity, as it has been for the ...