Recently, I find myself giving the same answer to a certain question about economy. “What do you think is the most important problem facing the economy...
World’s largest oil, pharmaceutical, aerospace & defence and automotive companies dominated the last century, including the early 2000s. Nearly 20 years ago, however, their dominance...
The principle of effective demand below basically tells us why inflation will not fall to single digits in many developing countries. Y = C + I...
It was the 1970’s. People would swim on Yeniköy’s coast in Istanbul, relax by the clear blue waters of the Marmara Sea. I remember I...
Economics and finance are two closely related topics, yet they are not the same. What economists do is to assess the current economic situation in...
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