Fear The Boom And Bust – Fight Of The Century

A rap battle between two prominent economists of the Great Depression era, John Maynard Keynes and Friedrich August Hayek. Hayek unlike Keynes did not believe it was possible to spend your way out… Continue reading

Adam Smith Institute – Sound Money: An Austrian proposal for free banking, NGDP targets, and OMO reforms

In a recent article from by Anthony J. Evans at the Adam Smith Institute, has caught media attention in its proposal for free banking and questions the UK central bank roles. Advocating reforms for open access… Continue reading

Negative Externalities of Agriculture Industry

The identification and measurement of public and private goods, presents challenges for government agencies and private suppliers to overcome the tragedy of the commons and discourage negative externalities. “The study analyses the contribution… Continue reading

Monetary Policy and the Reserve Bank of Australia

  The Reserve Bank of Australia (RBA) was created by the Reserve Bank Act 1959 as “Australia’s central bank, which is responsible for managing the Commonwealth’s monetary policy, ensuring financial stability, and printing… Continue reading

New Communication Technologies: Screen Hardware Capabilities

Television is an expansive broadcast medium within society, comprising a utilisation of backlighting prominence which emits televisual imagery on screen. Historical and modern televisions manifest technology integration within the screen; the Cathode Ray… Continue reading

Tulip Mania

To add to Keynes and Hayek’s boom and bust business cycle theory, the generally considered first recorded speculative bubble was the 1600’s Tulip Mania. Where the scarcity of the tulip grew demand; some… Continue reading

I, Pencil

A bit cliché to refer to Leonard E. Read I, Pencil, though a simple explanation for introductory economic students, covering how the market works with not central direction but how social cooperation works… Continue reading

Alibaba Social Responsibility and Sustainable Development: A Case Study

Using the definitions from (Samson & Daft, 2012). Sustainable development: involves making balanced and equitable decisions so that financial, environmental and social outcomes are achieved in both the short and longer terms. Social… Continue reading

Positive Externalities in Higher Education

The identification and measurement of public and private goods in higher education, presents challenges for government agencies and private suppliers to overcome the free rider problem and encourage positive externalities. To analyse the… Continue reading