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Andrew McKillop

Andrew McKillop Articles

A first definition and first warning The warning is that (1) the writer has an economics degree from a university (London UK) and (2) this tare or handicap (an economics degree) is something he has lived with a long time, and takes little...
Do cycles even exist ? Note that the OECD Secretariat, right up to the later 1990s and in its 'Historical Statistics' series of publications, included a 15-20 page section titled "Cyclical behaviour of the OECD economies". The dating base...
THE TRIGGER(s) We didn't even define what constitutes a bourse "crash" Lets try: At least 50%-60% loss of nominal 'value', measured by the index number on Day 1 falling to one-half the Day 1 figure, in no more than 10 days. A real good,...
RECAP ON CYCLES What are "cycles" anyway? Who do they affect? Unbelievable quantities of theory exists about economic waves, cycles or periodic variation. Yet the economists who first wrote about cycles - Kondratiev, Schumpeter, Slutsky (...

The first use of gold as money occurred around 700 B.C., when Lydian merchants (western Turkey) produced the first coins

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