Steve Keen vs. Nordhaus – regarding humankind’s greatest…

Home > Uncategorized > Steve Keen vs. Nordhaus – regarding humankind’s greatest ever crisis Steve Keen vs. Nordhaus – regarding humankind’s greatest ever crisis from Edward Fullbrook Steve Keen’s new paper “The appallingly bad neoclassical economics of…

The information conundrum

from Peter Radford Kolmogorov, I think, hit the nail on the head when he said: “At each given moment there is only a fine layer between the ‘trivial’ and the impossible.  Mathematical discoveries are made…

Central banks should just write off all their…

The tensions in the public policy debate between economists is intensifying and on show in Europe, where these sort of obvious conflicts between adherence to dogma and a recognition that ‘out-the-box’ solutions are not only…

MMT basics

from Lars Syll We have already shown that deficit spending increases our collective savings. But what happens if Uncle Sam borrows when he runs a deficit? Is that wht eats up savings and forces interest…

It takes a theory to beat a theory

from Yoshinori Shiozawa (originally a comment) At around the same time that Fred Lee and Lars Syll visited the University of California and talked long on Sraffa with Axel Leijonhufvud, a paper by Avi J…

The Weekend Quiz – February 13-14, 2021 –…

Here are the answers with discussion for this Weekend’s Quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then…

What do Durer and Soros have in common?

from Peter Radford I know, this is one of those more philosophical moments.  In my case prompted by my continued meditation on the deleterious effects of a belief in utopias.  Such beliefs seem always to…

“Pure Economics”

from Ikonoclast  (originally a comment) The whole idea that economics and the economy exist as a self contained discipline and a self-contained system respectively is absurd. First, there is a natural system, the biosphere, which…