Phillips curve

Phillips curve

There are many theories trying to describe the dynamics of economies. One of the first economists to think about this was Adam Smith. He laid the foundation of classical economics and thought of the economy as a free market. Then came Alfred Marshall, who was one of...
A simplified superficial view of the economy

A simplified superficial view of the economy

Economic policy allows a governing body to control the way in which the people will use their utility. In this article, I’ll be discussing the foundation of different economic systems, what their positives and negatives are, and will controversially try to compare...