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The Keynesian Liquidity Trap Fable

A central doctrine of the Keynesian system is the “liquidity trap” in which consumers hold money in anticipation of higher interest rates.

Discrimination and Opportunities for Women

Wage differences between men and women often are automatically attributed to sex discrimination against women. However, as research has shown time and

What Is Consent?

Buchanan and Tullock‘s The Calculus of Consent influentially applies economic ideas to politics, focusing on methodological individual. However, there are a few