Uncovering the True Source of Value

from Asad Zaman and WEA Pedological Blog In the previous section, we saw how economic theories changed from classical to Keynesian to Monetarist over the course of the 20th century. These changes were driven by historical events. Taking this historical context into account deepens our understanding of economic theories. This contrasts with conventional methodology of economic textbooks, which treats economic theories as scientific laws, which are universally applicable to all societies....

Catlin Clark. It is amazing to watch this young woman play. And then there is me! Small m. I played street ball, YMCA ball, league ball, high school, and a bit of college before the Marine Corps snatched me up. At 6 feet and just shy of 6’1″. I was a thunker. I could get my hand over the rim but not the ball. The ball would hit the rim and you could hear the thunk-sound in the gym. Hence, a thunker. It was fun though. Catlin is putting up an...

I guess the US is not the only place having issues with the rising costs of healthcare. Swiss healthcare is rising at a faster rate also. However, I suspect Switzerland has greater control over those costs than the US does. However, the industry is attempting to pass along higher costs. The cost of compulsory health insurance in Switzerland rose by 4.6% in 2023 compared to the previous year, raising the bill per insured person to CHF4,513. ...

Scenes from the January jobs report: revisions changed the picture in the Establishment Survey  – by New Deal democrat Last Friday’s jobs report contained a number of annual revisions which change what the trend line for the last year looks like. Particularly the extent to which there has been continued deceleration, or even a downturn, in a number of significant statistics in the Establishment Survey. In the below graphs, the original...

Jones exhibiting the same lack of understanding about the monetary system as last year.

Uncovering Samuelson's Missing Theory

My new book, The Machine Age, was published by Allen Lane on the 2nd November 2023. It’s available to buy on Amazon. Launch events were held at the Royal Society of Arts on the 6th November 2023 and UnHerd Club on the 28th November 2023. Links to the videos of each launch event are below: Royal Society of Arts: https://www.youtube.com/watch?v=JX1m1RNmjd8 UnHerd Club: https://www.youtube.com/watch?v=p3XM1WB88Ls The following is a 23 page summary of the book: Preface This...

China's Skyscraper in a Day

Publiceringen av Finansdepartementets långtidsutredning och den inledda översynen av budgetramverket har startat en livlig debatt. Själv har jag i en bilaga till utredningen – liksom den – förordat ett underskottsmål på 0,5 procent av bnp i stället för dagens överskottsmål på 1/3 procent av bnp och att skuldankaret, riktmärket för den offentliga sektorns skuld, höjs från 35 till 45-50 procent av bnp. Förslagen har från flera håll i högt tonläge kritiserats för att utgöra ett...