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economics models

Zeno’s Paradox and the Government Multiplier

June 27, 2022

Zeno's paradox

Imagine walking from one side of a room to another. Suppose it’s 2 meters long. Simple enough. You take a step. You take another. Before you know it, … [Read more...] about Zeno’s Paradox and the Government Multiplier

Tags - economics models, geometric sum, government spending, macroeconomics

The Supply and Demand Model is Wrong

January 3, 2022

How useful is the supply and demand model? Photo by Artem Beliaikin from Pexels

We’ve all heard economists and analysts utter the expression, “It’s all simple supply and demand!” when trying to explain some market phenomenon. Maybe … [Read more...] about The Supply and Demand Model is Wrong

Tags - economics models, Nash equilibrium, perfect competition, supply and demand

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Categories

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Latest Posts

  • About Face
  • Borrowing From Your Future
  • Pricey stones – that are not diamonds.
  • Remember, Remember the Halloween Massacre

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