Is the free market the best form of mechanism to achieve goals in economics?

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?

Would Keynesian policies be a more viable method to deal with the economic crisis?

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?

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, Mackay Charles (1814-1889)

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)

Are Keynesian policies a more viable method to deal with the economic crisis?

For Keynesian policies to be a more viable method to deal with the economic crisis, it would have to stop associating within society in the short-run, and rather focus on the individuals that make up society in the long-run. While, the term ‘society’ is inefficient to be used in the context of economics, due to … Continue reading Are Keynesian policies a more viable method to deal with the economic crisis?

The Significance and Utility of an Economics Major

Question: Explain the significance and utility of your major to the society 10 years from now. An economics major teaches a student two key principles, first that the future is uncertain and second that values are subjective. This paper will briefly explain the significance and utility of an economics major, attempting to demonstrate that whilst … Continue reading The Significance and Utility of an Economics Major