In economics, stagflation also known as recession-inflation is a situation in which both the inflation rate is high while the…

A Cantillon effect is a change in prices related to one another that was caused due to a change in…

Here are 50 of the best economics books every published based on the list in 50 Economics Classics: Your shortcut to…

Milton Friedman (July 31, 1912-November 16, 2006) was a famous economist and statistician who was awarded the 1976 Nobel Prize…

Since we all have limited time, energy and resources every decision we make comes with a trade off. Even procrastinating,…

What is the current national debt? The current national debt in June 2021 for the United States is approximately $28.4…

Below is a list of the current largest economies in the world in 2021 based on the most recent data…

John Maynard Keynes was a legendary English economist in the first half of the twentieth century. He was a trailblazer…

What is the difference between positive skew versus negative skew? Skewness is the measurement of a a coefficient that has…

A fiat currency is a type of money that has no intrinsic value and can’t be exchanged for any physical…