Who Is Robert E.

Lucas Jr.? Robert E. Lucas Jr. is an American economist who is currently the John Dewey Distinguished Service Professor of Economics at the University of Chicago. Lucas is also a distinguished fellow of the American Economic Association and a member of the National Academy of Sciences. He is widely considered to be one of the … Read more

What is a surplus?

The concept surplus refers to the situation that occurs when there is an excess of something necessary. In the area of ​​finance, the surplus occurs when income is greater than expenses. In this case, the income generated covers the expenses, since the capacity to collect income exceeds the burdens borne by an administration, organization or … Read more