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James C. W. Ahiakpor

James C. W. Ahiakpor james.ahiakpor@csueastbay.edu

Related Articles and Posts

Article

The Economics of the Corn Dog: Correcting a Misattribution to Adam Smith

MARCH 26, 2014

Adam Smith used labor as a measure of value rather than value's determinant. Karl Marx also did not use the quantity of labor employed in production as the determinant of market prices.

Article

Does Saving Reduce GDP?

NOVEMBER 24, 2010

Article

Keynes's Ghost

JUNE 09, 2009

The multiplier argument is founded on two key assumptions that turn out to be false. First is the notion that savings are not spent but rather are withdrawn from the expenditure stream. The multiplier's second incorrect premise is that government expenditures are "autonomous"; that is, government spending does not depend on current income.

Article

Israel Kirzner on Supply and Demand

Must We Assume Perfect Competition and Perfect Knowledge?
JULY 01, 2000

Article

Why Economists Need to Speak the Language of the Marketplace

Keynes' Modern-Day Followers Continue with His Distortions of Language
DECEMBER 01, 1995

Article

Some International Neglect Would Be Good for Africa

Foreign Aid Has Unintended Consequences
AUGUST 01, 1994