Análisis de noticias económicas y financieras, ofreciendo información actualizada –
Speculation disconnected from economic activity—that is, from production levels and profits—contains within itself the seeds of its own destruction. Experience in this field is consistent. But one must then ask about the caus…
The main purpose of the N.I.R.A. is to reactivate economic activity under certain rules of the game characteristic of a competitive regime. The government will not finance public works exceeding a maximum value of 3.3 billion…
Many disputes have arisen among economists regarding the exclusive—or nearly exclusive—use of one of the two great methodological approaches: induction and deduction. Such exclusivism has often led to exaggerated, flawed, or …
Economic Activity
Every being tends, by nature, toward its own preservation and fulfillment, avoiding anything that may distort or destroy it. Among beings…
Economic activities may be, depending on the sphere in which they occur: (a) purely individual, when carried out by an isolated individual without connection to others; (b) family-based, when they occur within a household wit…
French inflation did not reach the catastrophic proportions of the German case, but it persisted until 1926. The evolution of wholesale prices and the industrial production index in France shows that the 1920 crisis temporari…
During the years 1922–1929, a true construction boom took place, covering both housing and factories. During this period, two new industries expanded rapidly: the automobile industry and the electricity industry. Both generat…
The industrial expansion of the late nineteenth century reshaped trade flows and altered the global economic hierarchy. The rapid industrialization of the United States, Germany and Japan not only increased domestic output bu…
The structural evolution that profoundly altered British and American influence in international economic relations is also reflected in the evolution of world trade and the international movement of capital.
We now enter the upward phase of a new Kondratieff cycle that would last from 1896 to 1920. The crisis of 1900 represents only a minor turning point in the American expansion of 1896–1907, while it marks a major turning point…
