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The Gathering Storm Clouds of Recession

June 10, 2019

Prabhat Patnaik May 27, 2019 The Index of Industrial Production has for the first time since June 2013 contracted in

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Economics and Imperialism

June 8, 2019

Prabhat Patnaik May 31, 2019 Mainstream bourgeois economics which is what occupies a hegemonic position in the academic world today

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Natural Rate of Unemployment

June 7, 2019

The natural or (equilibrium) level of unemployment is determined by calculating the level of unemployment when the labour market is

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Measures of Poverty

June 6, 2019

Tejvan Pettinger Poverty implies low income and struggling to meet basic needs. There are two main types of poverty Absolute

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Macroeconomic objectives and conflicts

June 5, 2019

Tejvan Pettinger A look at the main macroeconomic objectives (economic growth, inflation and unemployment, government borrowing) and possible conflicts between

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Airline price discrimination

June 4, 2019

Tejvan Pettinger Price discrimination involves charging different prices to different sets of consumers for the same good. Firms can charge

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Policies for Economic Development

June 3, 2019

Tejvan Pettinger Economic development implies an improvement in economic welfare through higher real GDP, but also through an improvement in

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The effect of a current account surplus

June 1, 2019

Tejvan Pettinger Readers Question: how does a current account surplus affect domestic employment? A current account surplus means an economy is exporting

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Policies for reducing unemployment

May 31, 2019

Tejvan Pettinger There are two main strategies for reducing unemployment – Demand side policies to reduce demand-deficient unemployment (unemployment caused

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The Use of Knowledge in Society

May 30, 2019

No Other Article Explains the Economic Problem As Clearly F. A. Hayek PoliticsSocialismScarcityF. A. HayekSocialist Calculation DebateEssential If you want

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