Ragnar Frisch and Jan Tinbergen win first Nobel Prize in economics

1 May, 202021 April, 2021 by Javier Parra

Javier Parra

667

It is not unusual for this important prize to be awarded to a duo, but in no other case was it awarded to two people whose careers overlapped as much as in the case of Ragnar Frisch and Jan Tinbergen, the first winners of the Nobel Prize in Economics in…

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Digital transformation of the enterprise (myths and realities)

27 April, 202012 December, 2022 by Javier Parra

Javier Parra

356

Nowadays, we hear a lot of terms in the digital world such as big data, artificial intelligence, the IoT or Internet of Things, Industry 4.0 and above all, digital transformation. In this case, I will talk about what the digital transformation of the company represents for the current context of…

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Wassily Leontief won the Nobel Prize in economics for his input-output method

20 April, 202018 May, 2021 by Javier Parra

Javier Parra

531

Wassily Leontief was born on 5 August 1906 in St. Petersburg, Russia and died on 5 February 1999 in New York, USA. This American economist was a witness to history. As a child, he witnessed Leo Tolstoy's death and saw Lenin speaking to a crowd in front of the winter…

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General equilibrium theory

17 April, 202023 April, 2021 by Javier Parra

Javier Parra

770

Generally, as economists, we are interested in how production is organised and how what is produced is distributed among consumers, all of which occur in markets (those specific institutions we are all familiar with). In the middle of all this comes a concept that we sometimes do not have very…

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Paul Anthony Samuelson, winner of the 1970 Nobel Prize in economics

13 April, 202016 May, 2021 by Javier Parra

Javier Parra

484

Paul Anthony Samuelson, who came to be recognised by the Swedish academies as the man who "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory", was born in Gary, Indiana, on 15 May 1915. Paul won the Nobel Prize in economics…

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Entrepreneurship and innovation

10 April, 202020 April, 2021 by Javier Parra

Javier Parra

446

If we refer to the Real Academia Española de la Lengua (R.A.E.), by Entrepreneurship and Innovation, we mean "action and effect of undertaking" and "creation or modification of a product, and its introduction in the market". Both terms must always be intertwined. While entrepreneurship refers to the entrepreneur's ability to…

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The beginnings of the credit economy

6 April, 202021 April, 2021 by Javier Parra

Javier Parra

326

The beginnings of credit economy may seem a little abstract in today's world, where it seems that the concept of money has always been with us; we spend so much of our lives chasing money. We live in a technological society that has seemingly modified our habits; mobile phones are…

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James Tobin, winner of the Nobel Prize in Economics and his “Tobin’s Q”

3 April, 202018 May, 2021 by Javier Parra

Javier Parra

593

James Tobin, born on 5 March 1918 in Champaign, Illinois, USA, and died at the age of 84 in New Haven, Connecticut, is considered one of the greatest macroeconomists of his generation, and his contributions to economic science earned him the Nobel Prize in Economics in 1981. James Tobin He…

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Introduction to financial and economic analysis

24 April, 020220 April, 2021 by Javier Parra

Javier Parra

516

When we talk about financial and economic analysis, also known as financial statement analysis, accounting analysis or balance sheet analysis, we refer to the analysis of the information contained in the documents or financial statements that make up the annual accounts of the company, the objective of which is to…

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