An Inquiry into the Nature and Causes of the Wealth of Nations , one of Adam Smith’s masterpieces which until now has become the foundation of modern economics, contains the concepts of Smith’s thoughts for many years. In this article…
Inflation is one of the main topics in economic studies. The amount of inflation is very influential on the economic growth of a country. Inflation is often used as an excuse for not achieving economic growth targets. Not infrequently inflation…
In measuring the development and progress of a country, of course the main reference or indicator is how much economic growth is. Meanwhile, the level of economic growth can be seen from the value of the Gross Domestic Product (GDP) in the country. If…
The term economic bubble or often also referred to as a speculative bubble or financial bubble. This is one thing to watch out for, especially when you invest. Determining investment instruments is not an easy thing. Of course, everyone hopes that the…
The economic growth of a country is closely related to the welfare of its people which also becomes a benchmark for whether a country is in a good economic condition or not. Simon Kuznets himself stated that economic growth is…
In the previous material, we have studied the definition of inflation, its triggering factors, and economic policies to overcome it. In this article, we will study the situation opposite to inflation, namely negative inflation or deflation and its impact on…
Concepts of Utilitarianism, Liberalism, Libertarianism, and Socialism in Economic Policy Determination. Determination of economic policy is a classic problem that has always been a debate. The question of what policies the government should implement regarding equitable distribution of social welfare…