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Despite significant work on multiplier-accelerator models, his fame rests mainly on his 1958 paper in Economica. In this, he developed what rapidly became known as the ‘Phillips’ curve.’ This demonstrates the supposed trade-off possible between unemployment and inflation.
Understanding this dynamic nonlinear global network is the first step in restructuring government and our idea of managing our political-social-economy. The primary mistake many make with the Economic Confidence Model (ECM) is assuming it should be a perfect model for the stock market, gold, or some other market.
Books & Research Materials –. Recommended Reading (Third-Party Books) Encyclopedia of Ethical Failure. White Earth Effect. Statistical Information Base. Population.
Francis Bator was a Hungarian-born graduate of MIT Bator became Special Assistant for National Security to the president of the United States, a member of the senior staff of the National Security Council, and Senior Economics Adviser to the State Department. He is now Professor of Political Economy at Harvard.
Monetary Systems –. Monetary History of the World. Listing of Roman Dictators. Two-Tier Monetary Systems & Local Alternative Currencies. A Brief History of World Interest Rates. A Brief History of Paper Money.
The History of. Economic Thought. This research facility provides an overall review of the famous names in history and their economic theories. In addition, you will find specific economic topics as a reference. Introduction. By Topic. Bourgeoisie. Capitalism. Modern Capitalism. Collectivism. Communism. Georgism. Marxism. Merchantilism.
The idea was so popular that in 1958, American Express launched its first charge card. On October 8, 1974, Franklin National Bank collapsed in obscure circumstances involving connections to the Italian Michele Sindona who was alleged to be a Mafia banker. At the time, it was the largest bank failure in the country’s history.
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