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Posts By: peter
Handout: An Introduction to Aggregate Demand
Aggregate Demand The level of economic activity is explained by changes in key expenditure items within the Aggregate Demand (AD) equation…
Read MoreCase Study: Apple, Profit and Labour Costs
The Economist provides the analysis: source The chart shows a geographical breakdown of the retail price of an iPad. The main…
Read MoreVideos: Market Mechanism
Why does smoking not fall uniformly across the world? Using prices to halt smoking. Economist. London’s dirty secret – nitogen dioxide…
Read MoreExtract: Keynes’ General Theory
source I have called my theory a general theory. I mean by this that I am chiefly concerned with the behaviour…
Read MoreExtract: Skidelsky on Keynes and the Great Depression
source When the financial system crashed in 2008, dragging down the real economy with it, governments stepped in everywhere with ‘stimulus…
Read MoreExtract: John Maynard Keynes and Aggregate Spending
source Keynes became interested in monetary theory. As his studies continued, Keynes became increasingly skeptical of the conclusions of classical economic…
Read MoreArticle: Europe needs to pay attention to demand
Written by Simon Tilford, 18 January 2013 Supply-side thinking now dominates European economic policy. Most governments, and the European Commission, argue…
Read MoreArticle: Returning to Growth, supply-side lessons from our history
Returning to growth in the UK: Policy lessons from history Nicholas Crafts 25 October 2012 source A return to growth is…
Read MoreExtract: Supply-side The Winning Formula of the 1980s
David Smith on supply side reform www.thesundaytimes.co.uk This is an excerpt. April 14th 2013 Lady Thatcher’s death has produced an avalanche…
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