For a long time, the neoclassical economic model of perfect competition has been used as a basis for the development of policies and structure of economic models. However, the model of perfect competition makes many assumptions that have been tailored
Hayek’s Warning Against Centralized Planning is more Prevalent than Ever
The recent triumph of republican Donald Trump and the exit of Britain from the European Union mark important events that showcase a resistance to the increasing support of socialist ideals that have developed since the recent recession; something Fredrick Hayek
Recent Stagnating Economic Growth Could be Tackled by Cutting Corporate Taxes and Raising the Minimum Wage
For most its history since the end of the Second World War the United States has enjoyed a healthy and even envious economic growth. But in the last decade, the United States has failed to record a GDP growth of
U.S Immigration Misconceptions and its Role in the Widening of the Income Inequality Gap
It has long been argued that increasing immigration into the United States has significantly perpetrated the rising income inequality between the top 1% and the rest of the population. The popular argument supporting this claim is that the overall increase
Relationship between Real Personal Disposable Income vs. Used Cars
For my project, I decided to test the effect that changes in income would have on the consumption of used cars. I used data from the FRED database, using Real Personal Disposable Income per capita (using 2009 as a base