The Keynesian multiplier – myth or reality?
By Dr Frank Shostak For most economists and financial commentators, the heart of economic growth is the demand for goods and services. It is…
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.
Are inflationary expectations the key cause for general rise in prices?
By Dr Frank Shostak By the popular way of thinking, the key cause that sets a general increase in prices is inflationary expectations. For…
Tariffs wealth destroyers
By Dr Frank Shostak On January 31, 2025, US President Donald Trump announced that he would impose a 25 percent tariff on imports from Canada…
Purchasing power the essence of the currency exchange rate determination
By Dr Frank Shostak Often various factors are perceived to be important in determining a currency rate of exchange. For instance, for some commentators…
Should central banks accommodate increases in demand for money?
By Dr Frank Shostak Could an increase in the demand for money counteract the effect of an increase in the money supply? Now, an…
Economics and reality
By Dr Frank Shostak Assumptions that some economists are employing in their theories appear to be detached from the real world. For example, in…
Why people pay higher prices for some goods versus other goods?
By Dr Frank Shostak Why do individuals pay higher prices for some goods versus other goods? The common reply to this is the law…
The present monetary system is heading for a breakdown
By Dr Frank Shostak By popular thinking a growing economy requires a growing money stock on the ground that economic growth gives rise to…
Defining what a recession is
By Dr Frank Shostak Most economic commentators consider a softening in economic statistics such as gross domestic product (GDP) as indicative of a likely…
Government not monopolies undermine individuals’ wellbeing
By Dr Frank Shostak By popular thinking, monopolies are seen as undermining individuals’ wellbeing. For instance, monopolies are being blamed for causing large increases…