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Showing 1 - 5 of 5 results for "David Ricardo"

Chief economist update: A whole new world

BENJAMIN ONG  |  MONDAY, 30 MAR 2020
Daily reports of the rising number infections and fatalities from COVID-19 are matched only by tightening restrictions on social interaction and the ever-increasing amount of money released from government and central bank coffers. How wide and far-ranging ...

Chief economist update: Laissez faire

BENJAMIN ONG  |  WEDNESDAY, 25 JUL 2018
Forget John Maynard Keynes. Forget David Ricardo. A new economic sheriff is in town and his name is Donald J. Trump. POTUS has gone against Keynes' counter-cyclical prescription by increasing fiscal spending - tax cuts and increased expenditure ...

Un-Keynesian

BENJAMIN ONG  |  TUESDAY, 5 DEC 2017
... surplus, the Australian government is still struggling to get the budget back into surplus. This is also a testament to David Ricardo and his "Ricardian equivalence theorem", which in simple terms states that, a tax cut now would make no difference to ...

Comparative advantage

BENJAMIN ONG  |  TUESDAY, 29 SEP 2015
... its face 'ey? This or the Politburo (the non-capitalists that they are) have not yet heard about British economist David Ricardo's theory on comparative advantage. The theory posits that, "...a country should specialize in producing and exporting only ...

Crowding in

BENJAMIN ONG  |  TUESDAY, 25 NOV 2014
As a student of economics, I've heard about John Maynard Keynes' 'Paradox of Thrift', David Ricardo's 'Ricardian Equivalence Theory', A Alan Greenspan's 'Interest Rate Conundrum' (which appears to be making a return performance in the US) and of course ...
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