Discover the concept of underemployment equilibrium in economics, its effects on unemployment rates, and why it persists. Explore Keynesian insights into economic downturns.

Discover Wassily Leontief's groundbreaking input-output analysis and the surprising Leontief Paradox that challenged economic ...

Many situations in economics are complicated and competitive. New research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key ...

[Vienna, April 2019] A shock pushes economies out of a state of equilibrium. Modern macroeconomics are still based on the assumption of equilibria. That makes them fail when dealing with economies in ...