The circular-flow approach is decidedly Neoclassical, and suffers from many problems which traditional Austrians would notice. The circular-flow diagram’s greatest problem is, in fact, its circularity ...

The new article, “The Circular Flow Model in Economics Explained,” aims to demystify one of the foundational concepts in macroeconomics: the Circular Flow Model. This model offers a simple yet ...

We think of it as Economics in One Video. It’s time to end the reign of the Circular Flow Diagram and put the Austrian perspective into everyone’s heads – not just academics or college grads, but ...

The new article, “The Circular Flow Model in Economics Explained,” aims to demystify one of the foundational concepts in macroeconomics: the Circular Flow Model. This model offers a simple yet ...

Especially in a world of limited resources, it becomes evident that neo-classical economics fails to reflect social, economic, and environmental factors.The circular flow diagram in neoclassical ...