Keynesian ideas and present economic environment
By Dr Frank Shostak According to John Maynard Keynes, The ideas of economists and political philosophers, both when they are right and when they are…
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.
By Dr Frank Shostak According to John Maynard Keynes, The ideas of economists and political philosophers, both when they are right and when they are…
By Dr Frank Shostak By some theories such as the Modern Monetary Theory (MMT), money originated on account of the government decree. Money according…
By Dr Frank Shostak At the end of January, the yearly growth rate of our measure of US money supply (AMS) closed at 76.7%…
According to some commentators such as Nobel Laureate in Economics Paul Romer, technical knowledge is key to economic growth. We hold that if this…
On January 21 2021, the US President Joe Biden, through an executive order announced an increase in workers minimum wage from $7.25 per hour…
By Dr Frank Shostak Most economists hold that a growing economy requires a growing money stock, on the grounds that growth gives rise to…
By Dr Frank Shostak A common conception is that the central bank is a key factor in the determination of interest rates. On this…
For most experts a key factor that policy makers should be watching is the ratio between actual real output and potential real output. The…
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…