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Re: The Myth of Scandinavian Socialism

Normal 0 false false false EN-US X-NONE X-NONE GDP growth in Sweden was on average one percentage point below the OECD average (1.7 compared to 2.7 percent a year) and growth in GDP per capita was 0.6 percentage points below the OECD average. In 1970 Sweden had the fourth-highest per capita income level in the OECD. By 1990, the Swedish income level

Posted to Economics Questions (Forum) by Esuric on Fri, Jul 3 2009
Question about the demand for money with respect to the quantity theory.

Normal 0 false false false EN-US X-NONE X-NONE I'm having a difficult time understanding the demand for money with respect to the quantity theory. As I understand it, it's MV=PQ, where the supply of money times the velocity equals the prices times total output/input/quantity produced. The objective valuation of money, like all things, is solely

Posted to Economics Questions (Forum) by Esuric on Fri, Jul 3 2009

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