My Journey into Economics, Part 3, Economic Systems and Cycles
“Stability is unstable.” - HYMAN MINSKY
Warning - This might be a boring part of economics in my opinion and it depends on how you see it. I personally love this part as it is the core in many respect.
This is continuing from my Part1 and Part 2 of my journey into economics.
Free Market Capitalism Understanding capitalism is key to understand many countries policies and growth. If you are working for a pay to maximize the profits for the owners, you are a part of capitalist system.