Is there a place for behavioural economics in the field of economics?
Recently, a relatively new economics called Behavioural Economics (BE) has started to gain popularity. Its practitioners such as Daniel Kahneman, Vernon Smith and Richard…
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.
Recently, a relatively new economics called Behavioural Economics (BE) has started to gain popularity. Its practitioners such as Daniel Kahneman, Vernon Smith and Richard…
A key factor that constrains people’s ability to generate goods and services is the scarcity of funding. Contrary to popular thinking, funding is not…
Fed policy makers are of the view that if there is the need to tighten the interest rate stance the tightening should be gradual…
In order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display…
On October 4 2017, the former governor of the Federal Reserve Daniel Tarullo in a speech at the Brookings think-tank in Washington said Fed…
The US President, Donald Trump, proposed on Wednesday October 27 2017 a tax plan that would lower the top individual tax rate to 35%…
The yearly growth rate of the US consumer price index stood at 1.9% in August against 1.7% in July, while the growth rate of…
According to mainstream thinking, the central bank is the key factor in determining interest rates. By setting short-term interest rates, the central bank, it…
According to traditional economics textbooks, the current monetary system amplifies the initial monetary injections of money. The popular story goes as follows: if the…
Some economists such as Nobel Laureate Paul Krugman are of the view that if the US were to fall into liquidity trap the US…