Austrian School

By Dr Frank Shostak Various assumptions employed by economists in their models appear to be of an arbitrary nature. The assumptions seem to be…

By Dr Frank Shostak By some commentators, cost cutting by companies in order to protect profits can in fact set in motion an economic…

By Dr Frank Shostak Most economists regard the use of mathematical and statistical methods as the key towards understanding the complexities of economics. They…

By Dr Frank Shostak By the popular way of thinking, the determination of the prices of goods is summarized by means of supply and…

According to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy….

According to the Financial Times from October 18th 2020, senior Federal Reserve officials are calling for tougher financial regulation to prevent the US central…

According to the Nobel Laureate in Economics, Milton Friedman, the key cause of the business cycles is the fluctuations in the growth rate of…

  According to the Modern Portfolio Theory (MPT), financial asset prices always fully reflect all available and relevant information, and that any adjustment to…

In the New York Times on September 8, 2020, Paul Krugman suggested that “The CARES Act, enacted in March, gave the unemployed an extra…

  In July this year the US trade balance stood at a deficit of $63.6 billion against a deficit of $51 billion in July…