Proletarians

Proletarians, who are pushed into despair, will grab the torch by doing what Stephens advised them; A feeling of revenge will come out, combined with anger that will not be enough to explain the anger of 1793.The war of the poor against the rich will be the bloodiest ever.The union of a part of the...

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iktisatch Father of Economics

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Macro Economics

                    Since we've discussed the consumer purchase price index, inflation and unemployment in the last guide, in this guide we'll discuss the monetary growth, of the business cycle and macroeconomics equilibrium in one country economy. This steps all output and income through a series of national accounts. Towards the end of their financial...

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Game Theory:John NASH

When you do something, it includes strategic calculations to calculate how the other person will react.Bringing together social and economic accomplishments is similar to the chess game in which the players determine the strategy according to what the next move will be in another acting.Until the 1940s,...

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GDP Ignores Women

The Gross Domestic Product is the most considered economic statistic.It provides a summary measure of economic activity in a country over a period of one year - it is directly related to key factors such as household incomes or employment rate.However, in despite of renowned in economics discussions,GDP...

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Prıces tell you everythıng

Among investors, there is widespread belief that the stock market can "beat" or outrank it.US economist Eugene Fama opposed it.Efficient Capital Markets (1970) claimed that it was not possible to constantly defeat the market.The theory is known as the efficient market hypothesis.                  Eugene Fama,claimed that all investors were able to access...

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Why is diamond expensive than water? - Value Paradox

Anne Robert Jasques Turgot,in 1769,he cautioned that in despite of being something that is highly needed water is not considered a valuable thing in wetlands.Seven years later,Adam Smith,carried that one step further:According to him,high amounts do not paid for water in despite of there is nothing valuable more than water.Even though there is a few value in  terms of usage "generally for against...

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Earnıng Money From Money

                  The mankind give debt and take for centuries.5000 years ago,at the age of which civilizations has not started yet,in Mesopotamia(today's Iraq),there is evidence from people that such relationships are being established.However, the modern banking system emerged in Italy in 14th century.The "bank" means come from the word 'banca' which...

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What does Equıtable Price?

A lot of us known well what does "to be cheated". Remember how you feel while you are buying an ice-cream in a touristic business and pay an exorbitant price.However,according to well known economics theories "to be cheated" there is no such thing as.The price of anything else is the market price.That...

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Bond Markets

US President Bill Clinton's election campaign manager James Carville says "In the past, I thought that if there is reincarnation were to come back as President, Pope or a baseball player. But now I want to go back as a bond market."                The international Bond Markets which companies and governments used it for find source,It is not as famous and...

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Taxes

Benjamin Frankin said "In this world nothing can be said to be certain, except death and taxes." in 1789.In fact, he was not the first person to complain about taxes.Governments has tried to collect money by various methods since existence.King William was prepared the Domesday records to find out who will tax;Chinese citizens must pay the income tax since A.C 10.          ...

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Keynesianism

At the heart of the Keynesian economy is the use of fiscal policies (government spending and taxes) as a means to control the economy. This idea was adopted by one of the most important intellectuals of the 20th century who is named, John Maynard Keynes. Keynes's ideas gave form to Modern World Economy. Keynes is still respected and followed.              ...

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