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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 …

Governments first failed to respond to the COVID-19 pandemic. When they finally realized the scope of the challenge, most resorted to misguided, self-serving and often disastrous policy responses. Their push for centralization and control of economies, companies and ultimately, individuals, bodes ill for the future. The disease started in Wuhan, a city in the Hubei […]

Relevance Beyond the Crisis: Economic Outlook Scenarios | GIS Statement by Henrique Schneider …