Neoclassical Hypocrisy and Improved Long and Short Run Definitions

This article will criticize the Neoclassical School for hypocrisy and provide an improved definition of the long run and short run in economics. In the Neoclassical School of economics there exist two foundational ideas which have an important characteristic in common. The two ideas are the natural rate of unemployment and potential output, which is … Read more Neoclassical Hypocrisy and Improved Long and Short Run Definitions

Monetary Policy and National Defense

This article will discuss the relationship between the monetary policy of a nation and its national defense. There is a relationship between economic policy and national defense. In particular, a government must ensure a strong and stable national currency in order for defense spending to be effective. When a country’s central bank prints money or … Read more Monetary Policy and National Defense