Dr Frank Shostak

  The popular definition cannot explain why inflation is bad According to the popular way of thinking, inflation is defined as a general increase…

  The imposition of lockdowns to counter the spread of the infection from the coronavirus is likely to severely damage the real economy. As…

  Some commentators regard cost cutting by companies in order to secure profits as a major threat to the economy. They hold that if…

Most economists consider the use of sophisticated mathematical and statistical methods key towards understanding the complexities of economics. They are of the view that…

  The US budget had a deficit of $32.6 billion in January compared with a deficit of $13.3 billion in December and a surplus…

  According to the popular way of thinking the subject matter of lending is banking activity. It is banks, so it is held that…

  According to the US Labor Department, workers productivity in the non-farm sector increased at an annual rate of 1.4% in the fourth quarter…

  In various writings, Milton Friedman argued that there is a variable lag between changes in money supply and its effect on real output…

  The view that more money can revive an economy is based on the belief that money transmits its stimulatory effect through aggregate expenditure….

Most economists are of the view that by means of economic indicators it is possible to identify early warnings regarding an upcoming recession or…