Tag » David Ricardo

Gold Standard or Gold-Exchange Standard: What's the Difference?

In recent posts (here and here) I have mentioned both the gold standard and the gold-exchange standard, a dichotomy that suggests that the two are somehow distinct, and I noted that the Genoa Conference of 1922 produced a set of resolutions designed to ensure that the gold standard, whose restoration was the goal of the conference, would be a gold-exchange standard rather than the traditional pre-World War I gold standard. 2.440 kata lagi


Would You Be Willing to Pay 2 Cents More for a Ping Pong Paddle?


There is an interesting quote in today’s Star Tribune.  A resident of Ranier, Minnesota — a town of 150 people on the Canadian border… 1.646 kata lagi

Sexist Economics and Women Economiss (pun intended)

I ran across this very interesting article recently on feminism in economics; it put me onto a track that I usually don’t really think of. But it’s interesting, and on some thought, I could not really reject the hypothesis that economics is hmmm…. 930 kata lagi

Articles On Economics

Exeunt the economist

Keith Hudson

Like philosophy, sociology and psychology, probably slowly dying as pre-university subjects (except as ‘fillers’), economics will probably also start declining before too long.  At university level, the PPE degree, still popular as a degree for potential politicians is probably dying also. 691 kata lagi

The Vengeful Racist Story of how Economics got labelled “The Dismal Science”

Today, I tell you a simple story. Its a story, many a times told and retold. A story of colonies and slavery, of a rapidly industrializing England, of corn and sugar, of the Irish and the Blacks, and importantly, of a crazy racist thinker Thomas Carlyle, who would give economics its “dismal” identity, which has lasted a whole 156 years after the term was coined in 1859. 1.386 kata lagi

Articles On Economics

Economics, and Criticism of David Ricardo's Theories

This first appeared in a conversation on Facebook. My correspondent is a professor of economics who is also the author of a textbook on that subject. 627 kata lagi

What is a Free Trade Treaty?

With the upcoming April 13, 2015 vote on The Trans-Pacific Partnership Treaty (TPP), it may be important to know what a Free Trade treaty is (which the TPP is). 1.805 kata lagi

Trans Pacific Partnership Pact