Playlist: Understanding Economics

We survey a long list of economic problems, and identify four basic questions that a course in political economy must…

Standard theories — Over the years, various reasons have been proposed to account for persistent poverty in a progressive society….

It is essential that we know what our terms mean. This can be problematic in economic study, because it uses…

We develop an economic model, using the island of Manhattan as our example, that shows the basic principles of how…

Since land is fixed in supply, and needed for all production, it tends in increase in value faster than overall…

Some consider “Capital” to be a social class — but our study of political economy defines capital as simply the…

Cyclical downturns have plagued economies for centuries. What causes them? We survey the history of booms & busts and consider…

Our saga of the Boom/Bust cycle continues into the 20th century, in which society endured the biggest Bust ever. After…

The dance of curves on supply and demand charts, applied to aggregate production, provides us with another way to see…

George’s remedy came to be known as the Single Tax: the collection of the rent of land for public revenue,…