When the conviction of a bank’s insolvency spreads among its customers, there is a bank run and a massive withdrawal of money from the bank.
▪ Trickle-down theory
Trickle-down theory, or trickle-down economics, is a term for the idea that when more money is given to the rich or less is taken from […]
Can there be not enough money, to prevent it to… be money at all? Can the amount of money be constant? How would non-inflationary money function?
▪ Can […]
Which counties have the highest GDP per capita in the world? What are the causes of this wealth?
GDP per capita is commonly used as a […]
What is the nirvana fallacy? What the nirvana fallacy has to do with economics? Is “better” an enemy of the “good”?
▪ Introduction – what is the nirvana […]
What are Zombie Companies? Why would anyone finance them? Are the Zombie Firms harmful for the economy?
▪ The problem of zombie firms
We touched upon the subject […]
What is the middle income trap and what is it about? What is responsible for the phenomena referred to as this? In which countries has this phenomenon been […]
We’re discussing the myth of the benefits of war, which goes something like this: “Doesn’t war, death and destruction have positive consequences for the economy? Just look at […]
What is the resource curse? What are the causes of the resource curse? What are the consequences? What is dutch disease? Other names: the rent curse, the paradox […]
What are 3 poorest countries in the world? What causes poverty? What happens with the help for them?
One of the poorest countries in the […]