Explore the concept of seasonality, its impact on business and economy, and how it differs from cyclical effects.
Explore the life, theories, and economic impact of Joseph Schumpeter, the 20th-century economist known for his theory of creative destruction and the pivotal role of entrepreneurs in capitalism.
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 what it means for economic indicators and policies to be procyclic, including examples and implications of such synchronicity with economic conditions.
Learn what a vintage year is in the context of investments, how it influences returns, and its significance in market cycles.
