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On 2 April, President Trump’s announcement of reciprocal tariffs sent ripples across the economic landscape, shattering over two centuries of established trade principles. The foundation of our modern economic interactions, …
Disruption of Trade Rules: The Impact of Trump’s Tariffs on Economic Principles Read MoreThe story of trade between England and Portugal commenced in December 1703, when John Methuen secured a pact that abolished tariffs on English wool while favouring Portuguese wine. This agreement …
Reassessing Tariff Wars: Beyond Ricardo’s Traditions Read MoreClassical economics, rooted in the English school of thought, emerged in the late 18th century, largely attributed to Adam Smith. This economic philosophy flourished through the works of David Ricardo …
The Evolution and Impact of Classical Economics Read More
Professor Bertram Schefold has celebrated 50 years of teaching at Goethe University, intertwined with major global economic events. Known for his rigorous academic style, he emphasizes integrating economic theory with …
Celebrating 50 Years of Professor Bertram Schefold at Goethe University Frankfurt Read More