Economics

Who Benefits from Inflation? The Cantillon Effect

Who Benefits from Inflation? The Cantillon Effect

Who was Cantillon?

Richard Cantillon was an Irish-French economist known for the Cantillon Effect and for being the author of the great work; Essai sur la Nature du Commerce en Général (Essay on the Nature of Trade in General), a book considered by William Stanley Jevons as:

‘The cradle of political economy’

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Learn Economics with The Cricket and the Ant

Learn Economics with The Cricket and the Ant

You, like me, must already know the fable The Cricket and the Ant. When I was younger, I heard it dozens of times, but I had not paid attention to all the important teachings of that story.

In this article, I will talk about the history of The Cricket and the Ant and about the connections I perceive between this fable and economics.

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Free Banking Theory and History of the Monetary Sphere

Free Banking Theory and History of the Monetary Sphere

Throughout the history of economic development, banking, and the monetary sphere as a whole, has been the subject of widespread unease to people and a seductive opportunity for Governments. Indeed, there is likely no other institution that has seen such a wide array of Government controls in some form or another; whether that be the formation of central banks, regulations, interventions or monopolisations; all for the purposes, we are told, of maintaining stability and ensuring any economic crises is averted or lessened.

This however is not the case. In fact governments’ seizing control over any aspect of money and banking, has seldom been for the purposes of stability or fiscal reasoning.

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Inspecting the interest rate imbroglio – Part I

Inspecting the interest rate imbroglio – Part I

In the midst of the enigmas pervading the enormously important, though puzzling, study of the economy, none other causes as much perplexity as interest rates. In spite of being the ones that pop up outright in people’s minds when they think of them, in reality, there is a myriad of interest rates across different asset classes and geographies.

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