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Economy is a word used to described the market, as measured by imports and exports and overall productivity of a population, within a specific geo-political region.


Austrian School

The Austrian "School of Economics" (sometimes also referred to as Hayekians in honor of a champion of this school of thought Friedrich Hayek) holds that the complexity of subjective human choices makes mathematical modelling of the evolving market extremely difficult (or undecidable) and advocate a laissez faire approach to the economy. Austrian School economists advocate the strict enforcement of voluntary contractual agreements between economic agents, and hold that commercial transactions should be subject to the smallest possible imposition of forces they consider to be coercive (in particular the smallest possible amount of government intervention).

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Keynesian economics (named after a champion of this school of thought John Maynard Keynes) argues that private sector decisions sometimes lead to inefficient macroeconomic outcomes and therefore advocates active policy responses by the public sector, including monetary policy actions by the central bank and fiscal policy actions by the government to stabilize output over the business cycle

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  • SunshineList: (Ontario's list of those making 6 figures or more through public sector sources of funding - Government, Healthcare, Non-Profits, Not-For-Profits, Crown Corporations, etc)



External Links


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  1. wikipedia:Austrian economics
  2. What is Austrian Economics?:
  3. wikipedia:Keynesian economists
  4. wikipedia:New Keynesian economics
  5. What is Keynesian Economics?:
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  10. America's National Debt today:
  11. The $10+ Trillion 2020 Economic Stimulus by the Federal Reserve (INFOGRAPHIC):
  12. wikipedia: Organisation for Economic Co-operation and Development
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  18. Financial Literacy Month: New Brunswickers encouraged to have “the money talk”:
  19. Province of NB - Unaudited list of payments to medical practitioners:
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  21. The superficial appeal of the 'population growth drives Canadian house price' argument: Does it hold water?:
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  24. Nonfinancial Corporate Business; Debt as a Percentage of the Market Value of Corporate Equities, Level:
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  26. Canadian Real Estate Association (CREA) - Home sales drop in April as mortgage rates shoot highe: (National Statisticsr)
  27. Canada New Housing Price Index YoY -- May 2022 Data - 1982-2021 historical:

See Also

Business | Finance