It is often customary to attach the name of a president/prime minister who pursues an innovative set of policies that draws a roadmap in economic growth in the near future from the current poor state of the economy. ...

The dawn is now in the world. At last, the Fed has raised the interest rate to prod the economy and to pacify the President! Milton Friedman, the pioneering monetarist and a Nobel Laureate from the University of Chicago ...

Any introductory textbook on economics always starts with the fundamental assumption of rationality. The rationality axiom guarantees that given scarce resources, a consumer always tries to maximise utility. The ...

Whenever we see the word innovation, we instantly recall Joseph Schumpeter who popularized the word in economics through his business cycle theory. Joseph Schumpeter explained the fluctuations of economic output through ...