Essays on Haldane

Market discipline has evolved from the real need to address the financial concerns that brought on the last few financial crises. The international economy is tied deeply to the financial sector, and international organizations such as the International Monetary Fund and the World Bank have been tasked with providing ease of liquidity throughout the world, while also helping to protect the flow of capital across borders to facilitate trade. These financial institutions are remarkably limited to what they can do because they hold little sovereignty over the independent nation-states that compose them; only the World Bank is effective when ...

Introduction

It is known that the economic growth largely depend on such index as demand growth. The issue of its stimulation or, in other words, aggregation plays vital role in the contemporary economic state of affairs, which is characterized as such ‘which is transitioning from the Great Recession to a period of more stable growth’ (Global Economic Outlook, 2015). The recent economic stagnation is said to be caused by the persistent effective demand failure depressing the economy’s productive capacity through cuts in investment and depressed technological progress (Pryce, 2015). The main target is to change this course to the ...

The question of whether we should trust our sense comes to us from the ancient times. Since the beginning of philosophy and thought, humans wondered whether the world is the way they see and experience it. With the advancements in philosophy, such doubts even framed out in a separate field of thought. Many thinkers were very skeptical about the contrast between the world as we perceive it and the way it really is and what role do our senses play in the process of perception and understanding. Descartes and Hume are two of the most prominent philosophers whose views ...