Productive potential growth within an economy

Productive potential growth in an economy is a catalyst for growing living standards and prosperity. Productive potential refers to the potential output within an economy. The adoption of new production techniques increases the productive potential within an economy, as is the case with an increase in the availability of new resources and technology. However, neitherContinue reading “Productive potential growth within an economy”

Economics and environmental degradation

Economists and environmentalists alike have touted neoliberalism and environmentalism as mutually exclusive. Since the turn towards neoliberalism that started in the 1980s, global carbon dioxide emissions have increased by over 50%, from 22.7 to 36.4 billion metric tons. This has led many economists and experts alike to associate environmental problems with cost-cutting procedures, taken byContinue reading “Economics and environmental degradation”

The failure of Negative Interest Rates

In past decades, central banks in developed countries, such as the Bank of England, the European Central Bank and the Federal Reserve, have often dropped rates to spur post-recession economic growth. However, in the decade following the Great Recession of 2008, several central banks experimented with negative interest rates, with Denmark being the first toContinue reading “The failure of Negative Interest Rates”