O colapso de Roma

"I think the first premise rests on a misunderstanding of textbook Keynesianism. Simply put, conventional Keynesian theory suggests that in a recession when resources are unemployed, an increase in government spending can in the short-run increase aggregate demand (either directly or via inflationary expectations). The details of this simple proposition have been endlessly critiqued and debated. But we will skip over this. What is important to note is that for standard textbo...

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Why did the Roman Economy Decline?

I want to reflect on one leading account for the economic decline of Europe following the collapse of the Western Roman Empire. I recently…

MEDIUM.COM|POR MARK KOYAMA