This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

Australian Steve Keen was, in fact, one of just 13 registered economists , out of a global total of around 36,000 (yes that really comes out as 0.04%), who actually anticipated the global financial crisis.Knowing this, I think it’s almost impossible not to want to read his latest book,...

On 9 July 1849, Victor Hugo pronounced his speech "destroying misery" at the French Legislative Assembly. Whether in France or in the rest of the world, no one has succeeded, except China from 1980 to 2019, before the Covid crisis.In one side, in order to share a common direction with all...

Even if Keynes makes an error with its investment multiplier, he has à good intuition investment is the key lever. The main mistake in order to manage economy is due to Friedman who stars with the right result to obtain : maximize Wealth, but he confuses wealth created with a permanent income...

From its publication in The Times in 1933, John Maynard Keynes’s investment multiplier sparked much debate and controversy. Can an investment generate 3 or 4 times its value in income within one year? To date, no one has questioned the theoretical merits of this multiplier. Even the biggest...

The notion of Wealth is not well defined. It has been the subject of famous treaties, such as those of Anne-Marie Turgot, Auguste Léon Walras and then Adam Smith, but it has not been defined. It is very simple to check. Who's the richest? A person with a patrimony of 300 000 dollars and...

Gdp even net of obsolescence (ndp) has to be considered only as an expense (investment is an expense; consumption, export minus import, and change of stock, all these indicators are today expenses). As entrepreneur you will never manage your investments by looking only the expenses, it is clear...

The two Cambridge controversy have marked a milestone in economic thinking. By their demonstration neo-Ricardian and post-Keynesian seemed to have proven the impossibility of defining the notion of Capital and, moreover, of being able to aggregate heterogeneous Capital. It is not so.By reasoning...

This article proposes that Okun’s Law is an empirical relationship between employment and production which, in the United States, correlates to the relationship between the radius of a circle and one-half of its circumference i.e. numerically, the ratio 1 : .. This requires two new sets of...

For Latvia with incoming into the European Union big opportunities in the international markets have opened. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In paper various indicators of a national economy before and after...