by Gabriel Braga | Jan 27, 2022 | Economics
What is a price? The function of price in economics How are prices formed? The price is analogous to a tug of war, people will try to ‘pull’ you to the side that is most convenient for them. Each buyer subjectively values a product, so each person is willing to pay a...
by Antonis Giannakopoulos | Jan 9, 2022 | Economics
Austrian business cycle: An introduction After the financial crisis of 2008 the Austrian school of economics saw once again a resurgence in popularity both in public and the academia. This resulted from the fact that economists, financial analysts (Peter Schiff) and...
by Gabriel Braga | Dec 9, 2021 | Economics
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...
by Gabriel Braga | Dec 2, 2021 | Economics
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...
by Josh Lauson Ascough | Sep 8, 2021 | Economics
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...
by Josh Lauson Ascough and Antony Davies | Aug 12, 2021 | Economics
Wealth vs Income: Faulty Conflation and the Dangers of Taxes and Caps The conflation of income and wealth, doesn’t seem to be one that intends to go away anytime soon. Josh L. Ascough Despite popular misconceptions, Jeff Bezos and Elon Musk don’t have billions...
