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Latest Blog Posts

Who are the winners and losers from inflation?

Tejvan Pettinger 21 May 2021

Inflation is a continuous rise in the price level. Inflation means the value of money will fall and purchase relatively fewer goods than previously. In summary: …

Demand-pull inflation

Tejvan Pettinger 15 May 2021

Demand-pull inflation is a period of inflation which arises from rapid growth in aggregate demand. It occurs when economic growth is too fast. If aggregate demand …

The broken window fallacy

Tejvan Pettinger 3 May 2021

The broken window fallacy states that if money is spent on repairing the damage, it is a mistake to think this represents an increase in …

Definition of Full Employment

Tejvan Pettinger 24 April 2021

Readers Question: explain how economists define ‘full employment’? The first definition of full employment would be the situation where everyone willing to work at the going …

Different types of inflation

Tejvan Pettinger 4 April 2021

Inflation means a sustained increase in the general price level. The main two types of inflation are Demand-pull inflation – this occurs when the economy …

Environmental impact of economic growth

Tejvan Pettinger 29 March 2021

Economic growth means an increase in real output (real GDP). Therefore, with increased output and consumption we are likely to see costs imposed on the …

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Books by Tejvan Pettinger

Cracking Economics

An easy to read an overview of economics. ‘Cracking Economics’ gives explanations of main topics with images and diagrams to bring economics to life.

The book is aimed at anyone with a general interest in economics but would like a better understanding. Available in hardback at major bookshops and online. Read More

What would Keynes do? Have you ever wondered what Adam Smith would have to say about you playing the lottery? Or whether Jeremy Bentham could cure your hangover (through economics)?

What Would Keynes Do? will help you get to grips with all the important economic theories in an original and thought-provoking way. Read more

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