Statistics can refer to numerical facts or its field of study: a group of methods used to collect, analyse, present, and interpret data and to make decisions. Decisions made by using statistical methods are called educated guesses. Like other fields of study, statistics has two aspects: theoretical and applied. Firstly, theoretical statistics deals with the … Continue reading Statistics Introduction
The 18th century in Britain signified the end of the agrarian economy. With new land reforms of the Agricultural Revolution, agriculture productivity had rose due to new crop rotations. While, it had also declined the agriculture share of the labour force, having driven small farmers off the land, seeking work in newly established factory towns. … Continue reading Origins of Australian Law & Legal Systems: Part 1 British History
Ideas matter, in particular a great idea such as liberty, in all its facets – economics, individual, political, philosophical and historical. However, there remain many challenges to liberty, ever-present under our governments. Therefore, today we must retell the lessons of the past Austrian economists and thinkers and look to writers to understand what is happening. … Continue reading Is the free market the best form of mechanism to achieve goals in economics?
INTRODUCTION The Keynesian School of economic thought, was developed in the 1930s by the British economist John Maynard Keynes to understand the Great Depression. The scale of Keynesian theory span across the Atlantic in the post war decades, after its adoption in war-time Britain for macroeconomic management. Comprised of various macroeconomic theories, such as how … Continue reading Would Keynesian policies be a more viable method to deal with the economic crisis?
Article retrieved from: http://www.econlib.org/library/Mackay/macEx3.html Chapter 3- provides background on the introduction of the tulip bulb: Introduced into Western Europe around the middle of the sixteenth century. Conrad Gesner claimed to have originally seen the tulip in 1559 Augsburg. The tulip belonged to Councellor Herwart, a famous man who collected rare exotics. Tulips were sought after … Continue reading Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, Mackay Charles (1814-1889)
Book Review: Meltdown written by Thomas E. Woods, Jr. Contents 1.0 Introduction 2.0 Summary 2.1 Chapter one: The Elephant in the Living Room 2.2 Chapter two: How Government Created the Housing Bubble 2.3 Chapter three: The Great Wall Street Bailout 2.4 Chapter four: How Government Causes the Boom-Bust Business Cycle 2.5 Chapter five: Great … Continue reading Book Review: Meltdown by Thomas E. Woods
Students For Liberty Notre Dame Sydney seeks to promote the ideas of individual rights, private property, and peace. The objects of the club are (i) to educate more students about the differing philosophies that underlie liberty and the many ways to promote liberty (ii) connect members to the growing network of pro-liberty students and other … Continue reading My Students For Liberty Club