Yannis Goutzamanis - Economics Students Society of Australia

Yannis Goutzamanis

A collection of 4 posts

In defence of models

Capital asset pricing model

In defence of models

J.M Keynes once stated that ‘Economics is a science of thinking in terms of models joined to the art of choosing models which are relevant to the contemporary world.’ Unfortunately, the models encountered in economics are not the kind that strut down runways. No, the models encountered in economics

Economics in the pub: money supply and inflation

It was the summer of 2012 and I was at the pub enjoying myself with friends when I encountered an interesting young gentleman sporting a black t-shirt stamped with the slogan “911 was an Inside Job”. He was an acolyte of former US congressman Ron Paul and an avid listener

The Environmental Kuznets Curve: fact or fiction?

Many economics students will be familiar with the Kuznets curve. It describes the relationship between income per capita and inequality first hypothesised by Nobel laureate economist Simon Kuznets. The theory postulates that as an economy develops and incomes begin to rise so to will inequality until a threshold level of

U.S mobility: moving in the right direction?

A popular narrative in the U.S is that the middle class is shrinking and that socio-economic mobility is disappearing. Such a narrative was manifested by the Occupy Movement of late 2011 and has even been espoused by politicians from both sides of politics in the U.S. The notion