The Keynesian multiplier – myth or reality?
byBy Dr Frank Shostak For most economists and financial commentators, the heart of economic growth is the demand for goods and services. It is…
March, 2025
Are inflationary expectations the key cause for general rise in prices?
byBy Dr Frank Shostak By the popular way of thinking, the key cause that sets a general increase in prices is inflationary expectations. For…
The Transition Lectures
byWelcome to my four part series on transition. Join me to understand more about the transition from communism to capitalism in Central and Eastern…
Hayek’s 1974 Nobel Prize Lecture: The Pretence of Knowledge
byThe particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its…
Jean-Baptiste Say: Neglected Champion of Laissez-Faire
byLarry J. Sechrest Beyond some rudimentary facts, very little is available in English about the life of J.B. Say.1 He was born in Lyons,…