The role of profits
By Dr Frank Shostak Some commentators regard profit as the outcome of exploitation of some individuals by some other individuals. Profit however, has nothing…
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.
Asset prices and the pool of real savings
By Dr Frank Shostak We suggest that the heart of economic growth is an expanding subsistence fund or the pool of real savings. This…
Does the stock market drive economic growth?
By Dr Frank Shostak By a popular view, a strengthening in the stock market i.e. a general increase in the stock prices is considered…
Is inflation about price increases?
By Dr Frank Shostak Why is inflation regarded as bad news? What kind of damage does it do? Popular commentators maintain that inflation causes…
Should government strengthen regulations over monopolies ?
By Dr Frank Shostak By popular thinking, monopolies are seen as undermining individuals’ wellbeing. For instance, monopolies are being blamed for causing large increases…
Relation between general decline in prices and wealth
By Dr Frank Shostak A general decline in the prices of goods and services is regarded as bad news since it is seen to…
What Does Seasonally Adjusted Mean?
By Dr Frank Shostak By popular thinking, it is not always possible to establish the conditions of the economy by just inspecting the data…
Can we ascertain supply – demand curves?
By Dr Frank Shostak It is commonly held that the determination of the prices of goods and services can be done by means of…
The velocity of money circulation myth
By Dr Frank Shostak For most economists the velocity of money circulation is an important factor in determining the prices of goods and services. …
Do individuals accept money because of the government endorsement?
By Dr Frank Shostak Demand for a good arises because of its perceived benefit. For instance, individuals’ demand food because of the nourishment it…