Does cost cutting undermine economic growth?
By Dr Frank Shostak By some commentators, cost cutting by companies in order to protect profits can in fact set in motion an economic…
Read MoreDecember, 2020
Why Hayek was Right About Nazis Being Socialists
Words are powerful things in that they enable us to share a common world of understanding with our contemporaries and, in the written form,…
Read MoreOpen Letter to Gregory Mankiw from Keith Weiner
Dear Professor Mankiw: I am writing in response to your article in the New York Times, “The Puzzle of Low Interest Rates”. I commend…
Read MoreQuantitative methods in economics describe but do not explain
By Dr Frank Shostak Most economists regard the use of mathematical and statistical methods as the key towards understanding the complexities of economics. They…
Read MoreThere Is No Chinese Economic Miracle
The year 2020 will be an extremely tough year for the European economy. Added to an unprecedented drop is a strong impact in the fourth…
Read MoreBritain’s Greatest Prime Minister
Kevin Dowd My good friend and co-author Martin Hutchinson has just had a published a blisteringly brilliant biography of Britain’s greatest Prime Minister. The…
Read MoreThe supply – demand curves framework and the real world
By Dr Frank Shostak By the popular way of thinking, the determination of the prices of goods is summarized by means of supply and…
Read MoreCould a tighter monetary stance undo the effects from an easy monetary stance?
By Dr Frank Shostak By a popular way of thinking, it is the role of the central bank to make sure that economy follows…
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