Oh, the things you’ll learn in an Economics class, Where the concepts are deep, but the lessons will last! There’s micro and macro, and so much to know, You’ll see the world in a whole new glow! First up is micro, the study of supply, And the way that demand can make prices fly high….
Category: Economics
Is Economics a Science?
On October 11, the Royal Swedish Academy of Sciences will award the 53rd Nobel Prize in Economic Sciences, or, as it is correctly called, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, since it is not one of the prizes originally endowed by Alfred Nobel but by the Swedish Central Bank….
Conspiracy Against the Public
Adam Smith is often regarded as the “father” of economics, given that his “An Inquiry into the Nature and Causes of the Wealth of Nations” of 1776 is the fundamental cornerstone of classical economics. Non-economists sometimes belief that economics favours or defends business interests, but this is not the case. Economics defends the public interest,…