Author Archives: benjaminfrankum

The remedy and the reality

Am I saying that’s all there is to economics? Not at all. What you have learned are some of the basics which have a direct effect on the welfare of each person in the world; basics that apply everywhere and … Continue reading

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The tool and debunking the myth

We need to stop for awhile in our learning in order to develop something new…but very necessary. When fire was discovered, people’s comfort increased. When the wheel was invented, transportation got better. When the telescope was invented, scientists were able … Continue reading

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Inflation and the poverty trap

What causes inflation? Some people think it has to do with unions asking for more money which makes prices go higher. Other people think it is because businesses crave so much profit that it takes more money out of the … Continue reading

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People

The model that we have been using has just ten people. Is it realistic to keep the same number…don’t countries with large populations have special economic problems? Isn’t the number of people in a country an important consideration? It can … Continue reading

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Where are we now?

We’ve learned about production. We’ve learned about how government growth affects us. But where are we now? Where is the country today…where do we stand? Let me make a few observations and then you tell me how you feel. When … Continue reading

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Government

Now we are ready to introduce another concept into the land of Noz: Government. One year the people of Noz got together and decided they needed somebody to paint lines down the middle of the streets so they wouldn’t crash … Continue reading

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What makes the world go round, go up and down?

Down through the ages money has taken many forms. It has varied from cows and beads to wives and shells to precious metals . . . and of late, to pieces of paper. In the world today we have dollars … Continue reading

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Did you say Economics Model or Super Model?

One of the best ways to understand something is to make a model of it. Physicists make models of the universe and the solar system. Architects make models of buildings before they are built. Biologists make models of the most … Continue reading

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The difference between economics and politics

Good day ladies and gentlemen. Today we will discuss economics and politics and how they are different. There has been a great deal of discussion lately about the role of our government. Some people feel that there are so many … Continue reading

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The basics of economics

Good day ladies and gentlemen. I am so pleased to be here. My name is Professor Benjamin Frankum and I would like to share some information with you. Did you know that in the time that you can wash your … Continue reading

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