Economics Archives - Page 2 of 14 - Emile Woolf writes

Understanding Economics 4 – Interest rates

Let’s look more closely at the role of interest rates Money is one of many forms in which wealth may be held, but money and wealth are not synonymous. Wealth is the accumulation of savings. Savings, in a business, are what is left after meeting all its direct and indirect costs, depreciation, distributions to the […]

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Chapter 2 – Understanding Economics in One Hour

Now, before we get going, I must warn you not to get sidetracked by this thing called “demand”. What is demand, anyway? It is an inexhaustible feature of the human condition: there is always something we require, want, need, desire. Demand is therefore a transitory abstraction – more of a feeling than a commanding “economic actor”. […]

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“Understanding Economics in an hour”

UNDERSTANDING ECONOMICS IN ONE HOUR 1 – Overview Looking about us, what we see is the passing show. Despite every appearance of reality, it is ephemeral, ever-changing. It is Prospero’s “insubstantial pageant”. What we see is a “result” of something else, always a manifestation rather than a “cause”. It is difficult to discern the real […]

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European Union – what membership entails

ECONOMIC PERSPECTIVES – 28 EUROPEAN UNION – WHAT MEMBERSHIP ENTAILS The responses to my last essay in this series prompts me to develop and clarify some of the questions it raised. It addressed the way in which important Brexit issues have been clouded by uncertainty, exacerbated by predictably negative forecasting by supposedly neutral authorities, generating […]

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