Economics After Neoliberalism
Dani Rodrik, Gabriel Zucman and Suresh Naidu have a new project out, one to provide us with an economics to replace neoliberalism. That neoliberalism...
Among Interconnected Firms Bankruptcy Doesn’t Propagate
We'd think that if firms are hugely interconnected as a result of supplier/consumer relationships then the bankruptcy of one firm would propagate through the...
As If We Didn’t Know – More Trade Reduces Inequality
Not really a great deal more to say about this other than it's just another empirical proof of the fact that more trade reduces...
When is 3% More Than 97%?
When Rex Nutting says so, apparently.
"My own view is that most billionaires do create some value, but they generally take more than their share...
It’s Official, Venezuela Is Only 23rd Worst Hyperinflation – So Far
Good news here for those who would see Bolivarian socialism as anything other than a total disaster - Venezuela's inflation is only the 23rd...
Algorithms Are Better Than We Thought – They Can Collaborate Into Cartels
There's a strain of thought which insists that cartels, monopolies, oligopolies, can only exist where there's evil intent. Another where it's just the logical...
Rutger Bregman’s Mistake – Higher Tax Rates Don’t Mean Higher Taxes
Rutger Bregman has become famous for shouting that the rich should be paying more tax at Davos - for insisting that the high post-war...
One Half Of Ricardian Equivalence Does Hold Then
Ricardian equivalence is the idea that if we cut taxes now in order to boost the economy then this doesn't make any difference -...
How Trade Makes People And Places Richer
Given the results of more trade we should probably adopt the system which boosts trade. You know, not putting barriers in the way of...
And Now For Today’s Guardian Stupidity
That The Guardian doesn't gasp matters economic is obvious and well known enough. But it's difficult to get across to the general public quite...