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, …

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 Marginal Efficiency of Capital: A Driving Force in Investment

The Marginal Efficiency of Capital: A Driving Force in Investment The Marginal Efficiency of Capital (MEC) is a crucial concept in macroeconomics, representing the expected rate of return on an additional unit of capital investment. It plays a central role in determining the overall level of investment in an economy and, consequently, economic growth. Understanding …

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 …

The Power of Karl Pearson correlation coefficients

https://ekanamic.wordpress.com/2024/05/17/the-power-of-karl-pearson-correlation-coefficients/