Deflation is a situation where prices fall (negative inflation rate)   Deflation in the UK in the 1920s. There are several reasons why defla...

In 2020, the impact of the coronavirus and partial economic shutdown will cause a substantial and unprecedented increase in government borro...

The paradox of thrift is a concept that if many individuals decide to increase their private saving rates, it can lead to a fall in general...

The housing market is said to be one of the most popular topics of conversation at dinner parties. In the UK, this is for good reason. House...

Trade unions are organisations representing the interests of workers. They were formed to counter-balance the monopsony power of employers a...

Some common economic fallacies, such as 'immigrants take our jobs' the broken window fallacy and the Luddite fallacy on the role of...

The Euro is a bold experiment to create the largest currency area in the World. However, the current Euro crisis have revealed deep flaws in...

Governments hold foreign currency reserves to help deal with issues such as depreciation in their currency. At the moment, the world’s bigge...

Economic growth means a rise in real GDP; effectively this means a rise in national income, national output and total expenditure. Economic ...

Updated ink to post on liquidity trap

Interest rates reflect the cost of borrowing. They also indicate the return on savings/bonds. Commerical banks charge a higher in...

See previous decade - 1960s . The 1970s was not just an era of dayglow trousers, lava lamps and the emergence of punk rock. It was a traum...

Readers Question: What is the Importance of Economics? Economics is concerned with helping individuals and society decide on the optimal a...