A Day in the Life of the Current Economic Crisis
This week I had intended to write about the effect of the economic crisis in China on the world economy. However, my plan changed on […]
Month: February 2016
The Third Leg of the World Financial Crisis
My friend and WPI colleague, Sherle Schwenniger, suggests 2016 may witness the “third leg” of the world financial crisis that started in 2007-2008 with the […]
Social Wealth and Natural Scarcity
Economic systems include two interrelated components. Economists focus on the production-consumption component, but largely neglect the debt and asset component, especially in textbook macroeconomics. Yet […]