The Phillips curve indicates the trade-off between employment and price stability. Price stability is the primary objective of central banks but this cannot be achieved without pursuing associated objectives such as sustainable economic growth, full employment, stable long-term interest rates and stable real exchange rates. The tool is based on the ideology that, ceteris paribus, an…
Read more
The former South African President, late Nelson Mandela once said “education is the most powerful weapon which you can use to change the world”. The concept that education enlightens people towards a brighter future is not a recent development; decades of studying the effects of education on the lives of the marginalized, particularly women and…
Read more
The world is changing at a rate faster than our ability to respond to the changes, resulting in the widening of inequality gaps and the gradual erosion of the middle class. Infrastructure facilities are the building blocks of a society upon which financial and human capital development can thrive. The role of infrastructure in ensuring…
Read more
If you belong to the same school of thought as myself that believes opportunity costs cannot be negative (literally opportunity cost means forgone benefits) then you will agree with the fact that Nigeria’s potential social and economic development is the cost of her current reality. The concept of opportunity cost highlights the fact that for…
Read more
Global economies involve the participation of government as regulators to ensure no fraction of the population is marginalized due to the actions or inactions of certain classes in society as well as ensuring the security of all. This ideology is the foundation for all of the government’s activities which include but are not limited to…
Read more
