Mainstream economists often base their analysis upon assumptions that do not square with reality. Austrian economics, on the ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

The model proposes a specific mathematical relationship between the dependent variable and the explanatory variables—on which, unfortunately, economic theory is usually silent. By far the most common ...

This policy shift has ignited claims that the Fed is "being political" because in standard economic theory, cutting interest rates would stimulate the economy, making it easier for businesses to ...

Many Keynesian economists remain critical of the basic tenets of the quantity theory of money and monetarism, and challenge the assertion that economic policies that attempt to influence the money ...

Damascus, SANA – Director-General of the Syrian Exports Development and Promotion Commission Ehab Esmandar said that the Commission has set a standard economic model that could evaluate the ...

General Equilibrium Theory: An Introduction presents the mathematical economic theory of price determination and resource allocation from elementary to advanced levels, suitable for advanced ...