“Nothing is so permanent as a temporary government program” – Milton Friedman
May 30, 2019
Tejvan Pettinger “Nothing is so permanent as a temporary government program.” Milton Friedman, “Tyranny of the Status Quo,” (1984) p.
Tejvan Pettinger “Nothing is so permanent as a temporary government program.” Milton Friedman, “Tyranny of the Status Quo,” (1984) p.
Tejvan Pettinger What are the advantages and disadvantages for a developing economy, such as Ghana if it is dependent on
Taxes on negative externalities are intended to make consumers / producers pay the full social cost of the good. This
Tejvan Pettinger Cobweb theory is the idea that price fluctuations can lead to fluctuations in supply which cause a cycle
Explanation of why government intervention to try and correct market failure may result in government failure. Summary Market failure is a
Prabhat Patnaik The post-second world war years had seen systematic intervention by the State to stabilize capitalist economies. In fact
Price elasticity of demand (PED) measures the responsiveness of demand after a change in price. Example of PED If price
Interest rates are constantly in the news, and we all know they have an important effect on the economy and
Tejvan Pettinger The US has recently placed tariffs on Chinese imports and is threatening to further increase tariffs in the
Tejvan Pettinger Readers Question: Does inflation causes unemployment? There are a few different scenarios where inflation can cause unemployment. However,
