A Guide to Welfare Economics

Unveiling the Invisible Hand: A Guide to Welfare EconBlog Postsomics The world around us is driven by a complex interplay of choices, actions, and outcomes. We buy goods, sell services, and interact in a vast marketplace that shapes our lives. But behind this seemingly chaotic dance lies a powerful principle – the pursuit of well-being, …

Before the Bread and Circuses: Economic Systems in the Pre-Christian World

Before the Bread and Circuses: Economic Systems in the Pre-Christian World The world before Christ, a sprawling tapestry of cultures and civilizations, was not just a historical epoch but also a fascinating laboratory of economic systems. While we often associate ancient economies with agrarian societies and barter, the reality was far more nuanced and diverse. …

Supply Creates Its Own Demand: J.B. Say’s Law

Supply Creates Its Own Demand: Unpacking Say's Law For centuries, economists have grappled with the relationship between supply and demand. One particularly influential concept, known as Say's Law, proposes a straightforward idea: supply creates its own demand. This seemingly simple statement has been the subject of debate and controversy, with far-reaching implications for economic theory …

Public Finance and Economic Development

The Unsung Hero: Public Finance and Economic Development Public finance often operates behind the scenes, but its role in driving economic development is undeniable. It's the engine that fuels infrastructure, education, healthcare, and research - all crucial elements for a thriving economy. This blog post explores the multifaceted role of public finance in fostering sustainable …

The Legacy of John Maynard Keynes: A Guide to His Enduring Impact on Economics

The Legacy of John Maynard Keynes: A Guide to His Enduring Impact on Economics John Maynard Keynes, a British economist who lived from 1883 to 1946, is often referred to as the father of modern macroeconomics. His ideas revolutionized the way we think about the economy, and his influence continues to resonate today. This post …

The Big Push Theory

"The Big Push Theory: A Catalyst for Economic Growth" - There is a missing article ("the") before "catalyst". "According to this theory, economic growth is not a gradual process, but rather a sudden and rapid transformation that occurs when a country reaches a critical threshold." - There is a missing comma after "threshold". "The Big …

Karl Marx’s Enduring Legacy: A Critical Analysis of His Theory

The Enduring Legacy of Karl Marx: A Critical Analysis of His Theory Subscribe to get access Read more of this content when you subscribe today. Log in Karl Marx, a German philosopher and economist, is one of the most influential thinkers of the 19th century. His theory on the nature of capitalism and its impact …