The importance of assumptions in economics
By Dr Frank Shostak Various assumptions employed by economists in their models appear to be of an arbitrary nature. The assumptions seem to be…
Read MoreBy Dr Frank Shostak Various assumptions employed by economists in their models appear to be of an arbitrary nature. The assumptions seem to be…
Read MoreBy Dr Frank Shostak By some commentators, cost cutting by companies in order to protect profits can in fact set in motion an economic…
Read MoreBy Dr Frank Shostak Most economists regard the use of mathematical and statistical methods as the key towards understanding the complexities of economics. They…
Read MoreBy Dr Frank Shostak By the popular way of thinking, the determination of the prices of goods is summarized by means of supply and…
Read MoreAccording to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy….
Read MoreAccording to the Financial Times from October 18th 2020, senior Federal Reserve officials are calling for tougher financial regulation to prevent the US central…
Read MoreAccording to the Nobel Laureate in Economics, Milton Friedman, the key cause of the business cycles is the fluctuations in the growth rate of…
Read MoreAccording to the Modern Portfolio Theory (MPT), financial asset prices always fully reflect all available and relevant information, and that any adjustment to…
Read MoreIn the New York Times on September 8, 2020, Paul Krugman suggested that “The CARES Act, enacted in March, gave the unemployed an extra…
Read MoreIn July this year the US trade balance stood at a deficit of $63.6 billion against a deficit of $51 billion in July…
Read More