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Distribution, demand and growth

Distribution, demand and growth

Economics

By Ricardo Molero-Simarro

The relevance of demand factors for explaining growth was stated almost simultaneously by Michal Kalecki and John Maynard Keynes in the 1930s. The main conclusion of the theory of effective demand is that spending determines income. Keynes stated that the marginal propensity to consume decreases when total income growths. Kalecki considered different propensities to consume […]

The Oxford Questions on the foundations of quantum mechanics

The Oxford Questions on the foundations of quantum mechanics

Philosophy of sciencePhysicsQuantum physics

By Daniel Manzano

Quantum mechanics and relativity constitute the two main revolutions in physics on the twentieth century. Furthermore, the counterintuitive character of quantum mechanics yields to a rich branch of different possible interpretations, and there are still many open questions. Not solving, but just defining these questions, was the main purpose of a conference entitled “Quantum physics […]

How to cook a planet

How to cook a planet

Planetary Science

By Santiago Pérez-Hoyos

The greenhouse effect is possibly one of the scientific topics most frequently covered by the mass media. When reading the news, it is very often difficult to separate ideology from the purely scientific content. However, the greenhouse effect has a profound and direct impact on the planet where we live and, also, in other potentially […]