Wirtschaft
12 cards from across every topic, each citing a source. Tap one to open it in the feed.
- A price is a message nobody wrote.
Friedrich Hayek described in 1945 why prices are more than numbers: when the price of tin rises, thousands of firms …
- Cook for your family and GDP drops. Almost.
Gross domestic product only counts what is produced for money. If you cook yourself, care for your parents or fix your …
- Countries with short working weeks are often the most productive.
Labour productivity is economic output per hour worked, not per person. Grinding through long hours doesn't …
- Falling prices sound great. Economists fear them more than inflation.
If everything is cheaper tomorrow, you postpone buying. Firms sell less, cut prices, cut jobs, and everyone waits even …
- How a price emerges without anyone setting it.
If a price is too high, goods sit unsold and sellers lower it. If too low, shelves empty and buyers outbid each other. …
- How to fit an entire economy into one formula.
The expenditure approach adds four items: private consumption, business investment, government spending and net …
- Inflation has two engines, and they need different brakes.
Demand-pull inflation happens when too much money chases too few goods, for instance after stimulus packages. Cost-push …
- One hour of work a week and you aren't unemployed.
Under the International Labour Organization definition, which Eurostat also uses, anyone who worked at least one paid …
- Trade pays off even if you're better at everything.
David Ricardo showed in 1817: even if Portugal makes both wine and cloth more cheaply than England, both gain if each …
- Two global institutions began as regulars' tables in a coffee house.
London's first coffee house opened in 1652; by 1675 England had over 3,000. A penny at the door bought newspapers and …
- Why petrol gets pricier without anyone filling up less.
Price elasticity measures how strongly demand reacts to price changes. For petrol, insulin or salt, people buy almost …
- Why €1,000 buys more in Lisbon than in Zurich.
Comparing incomes across countries by exchange rate alone distorts the picture: a haircut in Sofia costs a fraction of …