English

Around the world, productivity growth has been slowing. In developed economies, productivity has risen by less than 1 percent annually for several years. Suddenly, in the first two quarters of 2020, amid the Covid-19 crisis, it surged. Surprisingly, most developed economies witnessed an increase in productivity by more than 10 percent; some by more than […]

The 14th International Gottfried von Haberler Conference took place on May 25, 2018 in Vaduz, at the University of Liechtenstein. Topic: “Karl Marx: Born 1818 and Still Going Strong?” – German: “Karl Marx: Mythos und Realität.” Support of the University of Liechtenstein and multiple local and international sponsors was gratefully acknowledged.

International economics textbooks have always taught students that currency exchange rates in forex markets depend, among many other things, on the monetary policy stance chosen by global central banks. A famous rule of the thumb written by Keynesian Nobel laureate Paul Krugman in his ‘International Economics’, considered a true bible in the macroeconomic theory, explains […]

Source: https://www.reddit.com/r/coolguides/comments/gm2ekn/keynesian_vs_austrian_economics/

In memoriam Deepak Lal | We are all saddened by the death of Deepak Lal, one of the great minds of our time. We owe him the most seminal insights and ideas in the field of Development Economics …