Tag Archives: Economics

In one of the most seminal works in the field of history of economic thought (History of Economic Analysis, 1954), Joseph Schumpeter argued that there is a "Great Gap" in the history of economics. The concept justifies the general ignorance in economics curricula towards economic thinking between early Christian and Scholastic times, emphasizing the lack of relevant positive ("scientific") economic …

Ben Dyson explains how banks make 92% of their investments in non-productive businesses, like speculative property bubbles, which has led to the massive unemployment that we see and repetitive boom and bust cycles.  === Uploaded by PositiveMoneyUK  January 10, 2012 Ben Dyson gives clear answers to 3 Key Questions:  1) Who creates money?  2) How much money do they create?  …

(Originally published in The Sunday Leader, 28 August 2011) In mid 2008 the world plunged into an economic recession with devastating consequences throughout the world. The crisis apparently started in the USA. It was a man-made crisis and it came apparently without a prior warning. Surprisingly, even the economists world over, who are engaged in the day to day affairs …