Government not monopolies undermine individuals’ wellbeing
By Dr Frank Shostak By popular thinking, monopolies are seen as undermining individuals’ wellbeing. For instance, monopolies are being blamed for causing large increases…
Dr Frank Shostak
Dr Frank Shostak is a leading Austrian economist and director of Applied Austrian School Economics Ltd, which aims to assess the direction of various markets using the Austrian School methodology. AASE aims to make Austrian economics accessible to businessmen.
Why economic growth causes price decline not increase?
By Dr Frank Shostak Some economic commentators are of the view that whenever the economy strengthens it should be the role of the Federal…
Can data by itself inform us about the real world?
By Dr Frank Shostak In order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models…
Government outlays and economic growth
By Dr Frank Shostak A key factor that constrains people’s ability to generate goods and services is the scarcity of funding. Contrary to popular…
Theory and curve fitting
By Dr Frank Shostak By popular thinking, our knowledge of the world of economics is elusive – it is not possible to ascertain how…
Is the assumption of money neutrality valid?
By Dr Frank Shostak By popular economics, the key for businesses success is that they must pay attention to consumers’ wishes as manifested by…
Is the high level of debt a major economic risk factor?
By Dr Frank Shostak According to the British newspaper Daily Mail from February 8 2024 the US debt bomb is on the verge of…
Can sophisticated technology prevent severe economic slump?
By Dr Frank Shostak According to the 2018 Nobel Prize winner in economics, Paul Romer, the technical knowledge that spills over into the creation…
Milton Friedman’s guitar string boom-bust model
By Dr Frank Shostak Some economists are of the view that it is possible to enhance our understanding of the facts of reality by…
Can gradual increase in the interest rate prevent an economic bust?
By Dr Frank Shostak Would it be possible to lower price inflation without large increases in the interest rates and large increases in unemployment?…