Central tendency

Neutrality of Money: A Criticism Neutrality of money is a widespread if rather flawed assumption which underpins much of mainstream macroeconomics. Political economists disagree with this assumption due to the endogenous nature of monetary supply, encompassing reverse causation and exogenous interest rates. It would be inappropriate to discuss neutrality of money or the rejection thereof without first discussing money itself. At its most basic, money is something deemed by an economy to…

The Mongolian Empire was able to rise out of the small nomadic groups of the Steppe region. Through military conquest and alliances, their land stretched across a large swath of the Asian continent. While the Empire is commonly referred to as one of great “barbarity” the greater strength was within many of the practices that allowed for the rule of such a large expanse of land. The Mongolian Empire was able to both gain, and oversee, their territory due to their willingness to negotiate with…

governments of different countries. For more than thousands of years, people and organisations have been purchasing from and selling to each other in distant geographical locations. For instance, this trading is evident through the famed Silk Road across Central Asia connecting China and Europe during middle ages. However, policy and technological developments of past few years have spurred increases in international trade, investment, and migration extensively that many observers believe the…

The stock market has always been known as the "barometer" of the national economic growth and development, played price discovery, resource allocation of investments and other important roles in the modern economic market. With the expansion of the scale of stock markets, the impact of stock markets on economy is becoming more and more important, and the expansion or contraction of the stock prices have become an important cause of the macroeconomic fluctuations. In addition, the government…

Linking cash transfer to Herbert Simon’s bounded rational theory (Group component): The government of India had actually three policy choices to be made - Policy 1- whether to completely go for cash transfer for all the social welfare programs (including for food distribution). Policy 2- whether to continue with the existing “in kind” subsidies and no cash transfer. Policy 3- whether to partially go for cash transfer for some benefits like scholarship, old age pension etc and continue…

The 13th century conquests of the Mongols have never been matched. Under Genghis Khan’s leadership, the “horsemen of the steppe” conquered China and the Muslim parts of central Asia and pushed deep into Europe and the Middle East in just about 25 years. Although their attempts to take Japan and Southeast Asia failed, only once did they suffer a notably decisive defeat, a defeat which came at the hands of Mameluke general Baibars at Ain Jalut, Palestine around the year 1260. The Romans had an…

helicopter money policies has been fuelled by recent meetings between the Abe government and senior BoJ staff with former Fed Chairman Bernanke. During his time in academia and at the Fed, former Chairman Bernanke spent much time analysing methods for central banks to deploy in their fight against deflation. He argued that the Federal Open Market Committee (FOMC) should announce a maximum tolerable level for the monetary base should the US ever face the same risks of deeply-embedded…

To what extent was the collapse of the stock market in 1929 responsible for the Great Depression? Topic – Causes of the great depression Focus – How much was the great crash to blame for the depression that followed Limitation – Great crash, depression, and other factors within that given time period Instruction – Give a balanced account and finalise to what extent the stock market collapse was to blame Traps – Don’t write about causes of the crash, do mention other causes PLAN Hayek: natural…

economic growth and prevent runaway inflation caused market exchange system’s failure. On the basis of the needs of economic to adjusted monetary policy, is a difficult task. Central Banks are hiring hundreds of people to analyze economic data, to find the best monetary policy. Bitcoin destroyed these functions of the central bank, but turned to the simple arithmetic. Due to the autonomy of computer system, it was unable to cope with complex data, such as economic output and unemployment rate.…

The Federal Reserve: Explained The Federal Reserve is a big part of today’s economy. The Federal Reserve controls the money in the United States without any power of political parties; it is its own entity (Satterthwaite, 2014). The board of Governors based in Washington D.C, and 12 regional Federal Reserve Banks located in the U.S. major cities, regulate the flow of money in the economy (Federal Reserve, 2014). The reserve has its own set of rules and regulations that must be followed. The…