Articles
-query word : Economics
August 05, 2010
7. The Wicksellian Theory of Disequilibrium Cumulative Process
Wicksell's starting point was an attempt to reformulate the quantity theory of money from the neoclassical perspective. ...
July 14, 2010
Corporations in Evolving Diversity: Cognitions, Governance, and Institutions
Topics of pressg terest sce the fancial crisis of 2008 have been a reconsideration of the role of fancial markets ...
July 08, 2010
6. Money Has No Market of Its Own
We all know that a barter exchange requires a double coincidence of wants. Unless the commodity one party demands is ...
June 15, 2010
May 21, 2010
The Urgent Task of Lowering Japan’s Corporate Tax Rate
Japan must consider lowering its corporate tax rate, which is among the highest in the world, to protect jobs and ...
May 20, 2010
The Long Road to Fiscal Stabilization
While the ballooning fiscal deficit is not an immediate threat to the Japanese economy, the continued issuance of bonds to ...
May 13, 2010
4. An Inconvenient Truth about Financial Markets
A TRADE-OFF BETWEEN EFFICIENCY AND STABILITY So whose view of speculation comes out ahead, Friedman's or Keynes'? ...
April 02, 2010
3. Two Views of Speculation in Financial Markets
FRIEDMAN’S DARWINIAN MODEL VS. KEYNES’ BEAUTY CONTEST MODEL Milton Friedman would claim that the professional speculators who bear the ...
March 01, 2010
2. Capitalism: A System Based on Speculation
What is speculation? In general terms, it means to conjecture without firm evidence, and in particular refers to the act ...
December 11, 2009
1. Two Views of Capitalism
The 2008 global financial crisis has been a testament to the failure of Adam Smith’s basic neoclassical principle: that making ...
