Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek ??????µ?a (oikonomia, 'management of a household, administration') from ????? (oikos, 'house') + ??µ?? (nomos, 'custom' or 'law'), hence 'rules of the house(hold)'.[1] Current economic models emerged from the broader field of political economy in the late 19th century. A primary stimulus for the development of modern economics was the desire to use an empirical approach more akin to the physical sciences.
Supplemental catalog subcollection information: American Libraries Collection; Historical Literature
Basics of deflation
Prices don't always go up. They often go down. This might seem like a good thing, but it could be disastrous for a modern economy is it goes too far. This tutorial explains what deflation is, how it happens and what the effects of it might be.
How you can have deflation even if the money supply increases
Vol. 1, no. 1. An address by Senator Nelson W. Aldrich before the Economic Club of New York, November 29, 1909, on the work of the National Monetary Commission -- v. 1, no. 2. History of the National-Bank Currency / by Alexander Dana Noyes -- v. 1, no. 3. The use of credit instruments in payments in the United States / report compiled by David Kinley -- v. 1, no. 4. The Independent Treasury of the United States and its relations to the banks of the country / by David Kin...
Banks and banking ; Currency question ; Finance ; Money
Evidence (Law)
Basics of price inflation and the CPI (consumer price index)
Inflation and deflation. CPI-U. Real and nominal return. Phillips Curve.
Looking at actual sequential and year-over-year inflation data