Ciaran MarshallFreedom of speech and freedom of association can be contradictoryConsider last night: my father said we will no longer go to X restaurant, as they not only hiked the prices, but also got rid of included…Feb 8, 2022Feb 8, 2022
Ciaran MarshallUnconventional monetary policy challenges the Wicksellian approachIn a “conventional” monetary policy environment [1], open market operations largely focused on government bond purchases and sales at the…Feb 7, 2022Feb 7, 2022
Ciaran MarshallStructural shifts in V?As follows from the equation of exchange identity, MV=PQ, the velocity of money matters for determination of the price level (hence…Jan 24, 2022Jan 24, 2022
Ciaran MarshallClass, methodological individualism, and the definition of economicsIs there really such a thing as social class? If so, how do you define class? The commentariat do not have any same two definitions over…Jan 22, 2022Jan 22, 2022
Ciaran MarshallWhy the Fed should raise interest ratesFor most of this year, high inflation was apparent to anyone that paid attention, no matter what theory you used. Indeed, the disagreement…Nov 20, 2021Nov 20, 2021
Ciaran MarshallWill inflation in Britain be transitory?Our inflation rate is forecasted to reach over 4% this year – the highest in a decade. This is partly a result of (both global and Brexit…Oct 18, 2021Oct 18, 2021
Ciaran MarshallIn response to Tyler CowenIn case you have missed Cowen’s recent Bloomberg article, here is my take!May 30, 2021May 30, 2021
Ciaran MarshallA great stagnation? Or an age of tech optimism?When economists talk about utility, it is NOT the same thing as income or economic growth. To illustrate a pertinent example: technological…Apr 19, 2021Apr 19, 2021
Ciaran MarshallWhat is an economy? Plus a neat trick to demonstrate the invisible handWhat is an economy? Let us think of an economy as a set of natural resources, firms that produce goods and services according to their…Apr 19, 2021Apr 19, 2021
Ciaran MarshallPolitical campaigners must focus on the efficiency of their votesLabour’s main issue in 2019 was NOT vote share per se; in 2019, Labour got 32%, a better performance than 2015, 2010, and not that much…Apr 16, 2021Apr 16, 2021