by Summary:
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
Sounds like economics is suffering from a lack of deep insights from money. Anthropology found economics to be wrong on money originating from barter. Economics puts 0 price on liquidity, even though liquidity crisis do occur. Monetary values are our main source of economic information and yet somehow Economics wants to abstract away from that some unobservable unit like utils. After all thats done, it does some extra mental gymnastics to say that the money in your wallet is an illusion but unobservable utils are somehow "real".