Explore the concept of Walras's Law in economics, which highlights the necessity of market equilibrium through matching excess supply with excess demand, and various applications and critiques of this theory.
Dive into the classical economic theory of Say's Law of Markets, which posits that production fuels demand and economic prosperity. Understand its implications and historical significance.
Explore the intriguing principles of Engel's Law and its impact on economic and social policies. Learn how household income affects spending habits on food and other necessities.
Explore the concept of hysteresis in economics, a phenomenon where economic effects persist even after the causes are removed. Learn how hysteresis impacts unemployment rates and economic output.
Explore the concept of the January Barometer, a hypothesis that asserts the performance of the S&P 500 in January can forecast its trend for the rest of the year.
Explore the concept of Kondratiev Waves, long-term economic cycles triggered by technological innovations, and understand their theoretical and practical implications.
