The recent PISA results have made the news for Malaysia’s underperformance, casting a spotlight on the nation's education system. But...

Source: History Extra (2021). In the Middle Ages, indulgences were sold by churches to lay Catholics as a form of remission of the...

At the end of 2022, the European Union negotiators reached an agreement to overhaul the bloc’s carbon market. The deal was labelled a...

Bank Negara Malaysia (BNM), Malaysia’s central bank, has recently announced an increase in overnight policy rate (OPR) by 25 basis points...

Introduction Paul Robin Krugman (1953-) is a Neo-Keynesian, American economist (Brock, 2020) that became a Nobel laureate in 2008 for his...

Simon Kuznets was a Russian-American economist and Nobel laureate, who is best known for the Kuznets curve, his work on the relationship...

John Maynard Keynes (1883-1946) was a British economist and one of the most influential figures of Macroeconomics. He introduced the...

Elinor Ostrom was an American political scientist, economist, and Nobel Laureate in the field of Economics. She is best known for her...

Modern Monetary Theory (MMT) is a macroeconomic theory that can be summarized by the basic idea that ‘governments that issue their own...

Adam Smith’s work – An Inquiry into the Nature and Causes of the Wealth of Nations – was revolutionary, especially when considering the...

Crony capitalism. What is it? And why is it so bad? To answer these questions, let’s think about the good, old-fashioned capitalism. It...

Did you know the price of a single Big Mac can predict the value of currencies around the world? Read on to find out! McDonald’s is...