Tags » Keynesian

"Building The Ruling Elite", by Murray Rothbard

(Nick’s Notes: You can also find this here (in article form) and here (in audio form).

Hat tip to my friend Jason Lee Byas for this. 1,021 more words

Republished Article - Guest Writer

The Neoclassical View Of The Firm

Since the rise of Margret Thatcher in the late 70s/early 80s, UK macroeconomic policy can safely be described as Neoclassical. Following the 2008 Financial Crisis, serious questions were asked about the continuing validity of Neoclassical macroeconomic policy. 282 more words

Macroeconomics

Japan Sinks Into the Abenomics Abyss (Debt to GDP at 226%, Q2 GDP Likely to Fall 5%, House Prices Continue to Fall)

Japan faces severe economic problems. An aging population, swelling pension liabilities and staggering debt. Japan’s debt as a percentage of GDP stands at 226%!

The problem facing Japan’s Prime Minister Shinz┼Ź Abe is that the continued run-up of government debt has done virtually nothing to grow real GDP QoQ. 72 more words

Banking