The essence of price determination
By Dr Frank Shostak Why do individuals pay much higher prices for some goods versus other goods? The common reply to this is the…
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 more money can’t generate economic growth?
By Dr Frank Shostak The view that more money can revive an economy is based on the belief that money transmits its stimulatory effect…
Is the US banking crisis over?
By Dr Frank Shostak According to some commentators, the US banking crises is over. In addition, the Fed Chairman has vouched for the health…
Assumptions in economics and the real world
By Dr Frank Shostak In order to explain the economic crisis in Japan, the famous mainstream economist Paul Krugman employed a model that assumes…
Savings and economic growth
By Dr Frank Shostak By popular thinking, an increase in the consumption of goods and services is regarded as a major driver of the…
The multiplier fable
By Dr Frank Shostak By popular thinking, the key driver of economic growth is increases in the total demand for goods and services. It…
Why the idea of an optimum growth rate of money supply is questionable
Why the idea of an optimum growth rate of money supply is questionable By Dr Frank Shostak It is widely held that a growing…
Can easy monetary policies help to absorb idle resources?
By Dr Frank Shostak Resources that are utilized to promote economic prosperity in normal times become underutilized during recessions. Some experts are of the…
The essence of boom-bust cycles
By Dr Frank Shostak Is it possible to ascertain the state of the economy by looking at the data? Most economists are of the…
Does demand create supply?
By Dr Frank Shostak According to John Maynard Keynes, The ideas of economists and political philosophers, both when they are right and when they are…