The Big Mac Index was written by Pam Woodall in The Economist in 1986. The index, also known as Burgernomics, is published every spring by The Economist.
Our willingness to pay a certain price for foreign money must ultimately and essentially be due to the fact that this money possesses a purchasing power as against commodities and services…
Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has…