economic history

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MALTHUSIAN THEORY - Present Day Applications?

11 Jul 2021 2 minute read 0 comments kev_nag

***INTRODUCTION*** Thomas Malthus was an influential 18th Century economist among other things. His most important contribution to the field of Economics was a book published in 1798 entitled "An Essay on the Principle of Population". [Malthus, T. "...

MALTHUSIAN THEORY - Present Day Applications?

Is It Time to Throw the Phillip's Curve Away Again? Or Should We Never Have Used It At All?

10 Jul 2021 4 minute read 1 comment kev_nag

***HISTORY*** Economic theory has held that there exists an inverse relationship between unemployment and inflation. Again, in theory, if you think this through, it makes sense. When you have low levels of unemployment, workers have available more di...