…is a tale of the ongoing tangle of schools of Post Keynesian economics, as well as how Wikipedia operates, and more broadly the history of economic thought. I note that…

By Cactusman Facebook, Cambridge Analytica, and the Economics of Privacy Cambridge Analytica – the data firm that provided consulting services for the Trump Campaign – has come under intense scrutiny…

…complicated in that in economics we think of “classical economics” as something that is old and out date, the economics of Adam Smith, highly conventional if somewhat simplistic.  But then…

…and can skimp only so much on what they eat.  Ernie Tedeschi, formerly on the staff at President Biden’s Council of Economic Advisers, now director of economics at the Budget…

Hey remember me? Just a quick driveby to start some discussion. Classical, neo-classical, and neo-liberal economics all share a common mistaken psychological premise, one that is simple but deep, and…

…predictions of the model with actual exports. Greek exports were 32.6% lower than those predicted by the model, which they label the “puzzle of the missing Greek trade.” They then…

…Chambers’s Miscellany of Useful and Entertaining Tracts. In the Chambers dialogue, the mill owner, Mr. Smith explains to a worker, Mr. Jackson, how the immutable laws of economics harmonize their…

It’s tempting to abolish the word entirely Originally published at Wealth Economics J.W. Mason offers a bang-up post on economists’ thinking about “money,” how economists have thought and talked about…

Wrong answers only: “saving” Originally Published at Wealth Economics In my last post, I tried to say precisely what the words “wealth” and “assets” mean as they’re used in this…

…costs). Notably, both have become tiny as prices stamped on products have been replaced by bar codes and one label giving a price per item or unit price. Converting instruments…