Profits not risk drive entrepreneurs
By Dr Frank Shostak According to Modern Portfolio Theory (MPT), financial asset prices fully reflect all available and relevant information, and that any adjustment…
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The ECB’s new rush toward the digital euro
by Prof. Elisabeth Krecke In the coming weeks, the European Central Bank (ECB) will announce whether it will issue a “digital euro” within the next…
Read MoreMonetary Inflation’s Game of Hide-and-Seek
The May 12, 2021, press release from the Bureau of Labor Statistics reporting on the Consumer Price Index (CPI) for the month of April sent the…
Read MoreWhy econometric models cannot ascertain facts of reality?
By Dr Frank Shostak While in the natural sciences a laboratory experiment can isolate various elements and their movements can be followed through, there…
Read MoreRelation between Inflation and Deflation
By Dr Frank Shostak For most commentators inflation is about persistent increases in the prices of goods and services. However, is this the case? …
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Artificial Intelligence Guide for Policy-Makers Part 1
The Cobden Centre has worked on emerging technologies around the world. This has included organising the Future of Artificial intelligence Roundtable discussions in the…
Read MoreMonetary pumping and idle resources
By Dr Frank Shostak As a result of the recent strong stimulatory policies employed by the US government and the Fed, most commentators are…
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Why interest rate management fails
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of…
Read MoreMonetary savings versus real savings
By Dr Frank Shostak According to the National Income and Product Accounts (NIPA) the US personal savings rate stood at 13.6% in February against…
Read MoreCarl Menger’s Theory of Institutions and Market Processes
This year marks the 150th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation…
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