economics

understanding-economics

Economics

The topic of economics is often shrouded in mystery and arcane terms like GDP, marginal utility, money velocity and many other terms that make the people on the street roll their eyes and completely ignore the subject. So in this article we will be looking at the origin of the word economy, we will be looking at how and why the so-called economics profession has… Read More »Economics

understanding-inflation

Understanding Inflation

Most people take inflation as being the increase in the price of goods and services and a lot of time blame greedy businesses, labour unions and speculators for inflation. It certainly seems to be a valid explanation of inflation but in this article we will look back at the classical definition of inflation that has not been taught in schools or universities for about fifty… Read More »Understanding Inflation