“When philosophy paints its grey in grey, one form of life has become old, and by means of grey it cannot be rejuvenated, but only known. The owl of Minerva takes its flight only when the shades of night are gathering.” – ( Georg Wilhelm Friedrich Hegel, Elements of the Philosophy of Right, 1821) In ...
Экономическая мысль периода с середины XVIII до середины XIX в., значительный вклад в которую сделали британские ученые. Главными представителями классической школы были Смит (Smith), Рикардо (Ricardo), Мальтус (Malthus), Сэй (Say), Сениор (Senior) и Дж.С.Милль (Mill). Теория классической школы изуч ...
The Fed should focus on deflation | The greater of two evils | The Economist Deflation: a decrease in the general price level of goods and services of an economy. Sounds great, right? Lower prices mean the purchasing power of our income increases, making the “average” person richer! On the surface, ...
I remember once I asked one of my teachers, madam Apala Panda, regarding the use of pervasive models we study in economics most of which are based on imaginary world axioms and extended (beyond reasoning) assumptions of rationality of economic agents. It was then the beginning of my third year in ec ...
Do Economists Understand the Causes and Consequences of the Crisis? By Prof. John Kozy Global Research, April 23, 2009 Classical/neoclassical economics has consistently protected the wealth of the privileged; it has preserved the status quo. This is capitalism's intent, and the evidence for it is ov ...
Many followers of the Austrian school have made a critical error in forecasting the future. For, although Austrian Monetary X-flation plays a part, Austrian Credetary X-flation must be understood as well. by Jake, the Champion of the Constitution Originally published Tuesday, April 7, 2009 at http:/ ...
