Why You Should Never Use a Supply and Demand Diagram for Labor Markets
Showing how using default models for labor markets is a dumb idea.
Read more...Showing how using default models for labor markets is a dumb idea.
Read more...How Marxists can make use of the MMT framework rather than falling for neoliberal dogma about money and debt.
Read more...Why economists’ thinking about growth may be entirely backward.
Read more...Populist movements are the regular result of trade-induced economic dislocations and distribution. So why were economists surprised?
Read more...Looking at different types of globalization helps explain why it isn’t necessarily beneficial.
Read more...An in-depth look at Trump’s economic plans shows they would enrich the 1% and hurt the “forgotten people” he promised to help.
Read more...Why fiscal policy measures after the crisis were too weak.
Read more...125,000 mainly low-skill Cuban immigrants arrived in Miami in 1980. Economists are still debating whether they lowered local wages.
Read more...Economics is a progressive science that is enriched by the ‘creative destruction’ of ideas.
Read more...The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Another way in which the US health care system is exceptional: minimally effective drugs find a market faster here than abroad.
Read more...Why the left doesn’t need to engage Hayek, Friedman, and neoclassical economics but should instead argue from information theory.
Read more...How the “new economy” devalued science and engineering degrees.
Read more...Immiseration theory, or why employers aren’t nicer to workers even though they become less productive the longer their workday.
Read more...More evidence that “capitalism” comes in more and less predatory forms.
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