Search Results for: stagnation

The Yuan Also Rises?

For a variety of reasons, Chinese economic policy makers resist pressures to allow the yuan (or renminbi) to rise against the dollar.¬† On this side of the great pond (i.e., the Pacific Ocean), politicians (see H.R. 2378 Ryan-Murphy bill) and many economists clamor for explicit pressure that “forces” the Chinese to allow the yuan to … Continue reading The Yuan Also Rises?

Schumpeter and Business Cycles

In the paragraphs below, I attempt to both summarize McGraw’s description of Schumpeter’s contribution to business cycles and add a few comments¬† as to where his reasoning might help us interpret a post 1950 world. For many years, Schumpeter focused his scholarly attention on understanding the ups and downs in the economy known as business … Continue reading Schumpeter and Business Cycles